Cushman & Wakefield has been named the exclusive leasing agent for a 71,000-square-foot Class A office building in the Route 1 corridor in Princeton.
The property, located at 100 and 150 College Road West, was recently acquired by Ivy Realty.
Ivy Realty recently signed a major pharmaceutical company at the 100 building, which is 154,000 square feet. It is now fully leased. Essential Power Services also recently signed 14,500 square feet for its headquarters at the 150 building, and the building’s remaining 56,500 square feet is being marketed by Cushman & Wakefield.
The firm’s Edison team of Paul Giannone, Todd Elfand and Kevin Carton will be handling the marketing assignment.
“The building is very well-positioned in a park-like setting, with incredible visibility from Route 1 and possible monument signage opportunities in the heart of the Princeton market,” Anthony DiTommaso, Jr., co-CEO of Ivy Realty, said in a statement. “Both buildings, in fact, are going to undergo a multimillion-dollar capital improvement program that will include upgrades to the common areas.
“Princeton is esteemed, world-renowned, and one of the most stable office markets in New Jersey,” said Elfand in a statement.
The property offers “access to an abundant and desirable work force. We have already had a great deal of interest in 150 College Road West’s availabilities.
“This is an opportunity for tenants to be in a prime Class A building in the heart of one of the state’s and the country’s most distinguished office markets,” said DiTommaso in a statement.
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