PRINCETON, N.J., August 6, 2019 – Cushman & Wakefield has been named managing and leasing agent for two newly traded, Class A office assets in Princeton. Argent Ventures recently purchased the adjacent buildings at 1 University Square and 115 Campus Drive.
Michael Nevins of Cushman & Wakefield’s regional Asset Services practice is heading the management assignment, which marks the expansion of an existing client relationship. “It is particularly gratifying when existing clients recognize the outstanding results our company brings to this type of project,” said Nevins. “We look forward to ensuring the responsible operation of these two premier assets while upholding and enhancing their competitive positioning.”
Office leasing specialists Kevin Carton and Todd Elfand are heading the leasing initiative for the multi-tenant buildings. This includes marketing availabilities up to 48,000 square feet at the 330,000-square-foot, five-story 1 University Square, where global investment management firm BlackRock anchors the tenant roster. The building boasts large, flexible floor plates and on-site amenities including state-of-the-art conference facilities; a fitness center with lockers, showers and a sauna; concierge and security services; and a gourmet café. Planned capital improvements will introduce additional lifestyle features at 1 University Square.
The 33,600-square-foot 115 Campus Drive offers flexible catering to high tech, lab/pharma and biopharma users. Tenants in this high-quality asset will have access to all the amenities shared at University Square. Tenants of both buildings enjoy a parklike campus that boasts pristine landscaping including a small pond, walking trails and benches, and a pergola.
“Demand in the Princeton region remains extremely strong, bolstered by access to highly educated talent and the presence of other large corporations,” Carton said. “1 University Square and 115 Campus Drive represent a distinctive opportunity for companies to establish or grow a presence in one of the most coveted office submarkets in the country.”
The campus is situated at the epicenter of the Princeton/Route 1 corridor with direct access to major highways including I-295, I-95, Route 27, Route 206 and the Garden State Parkway. The region is home to countless Fortune 500 financial service and pharmaceutical companies and the professional firms that work with them, as well as Princeton University and the research-and-technology region known as Einstein’s Alley. Additionally, it is proximate to public transportation and Trenton Mercer Airport, and within minutes of first-class local amenities including shopping, world-class dining and hospitality.
Cushman & Wakefield’s East Rutherford-based New Jersey Asset Services team currently serves approximately 21 million square feet of space in the Garden State. The Asset Services platform provides comprehensive property management services throughout the asset life cycle. Focused on enhancing asset value, the firm’s professionals are empowered to minimize operating costs, improve efficiencies, and enhance customer service in order to protect the value of each investment. Across the globe, Cushman & Wakefield manages all types of real estate on behalf of corporate, institutional, and private clients.
About Cushman & Wakefield
Cushman & Wakefield (NYSE: CWK) is a leading global real estate services firm that delivers exceptional value for real estate occupiers and owners. Cushman & Wakefield is among the largest real estate services firms with approximately 51,000 employees in 400 offices and 70 countries. In 2018, the firm had revenue of $8.2 billion across core services of property, facilities and project management, leasing, capital markets, valuation and other services. To learn more, visit www.cushmanwakefield.com or follow @CushWake on Twitter.