News

1 Research Way

NAIOP RECOGNIZES SANDOZ RELOACTION

100 COLLEGE ROAD WEST
AT PRINCETON FORRESTAL CENTER

The Commercial Real Estate Development Association (NAIOP) New Jersey Chapter awarded the Sandoz US Headquarters Relocation with the 2015 Impact Award at its 28th annual gala.  The award recognizes firms that have a significant impact on New Jersey’s commercial and industrial real estate development industry and are distinguished industry trendsetters.  The relocation provides a stellar example of New Jersey’s existing office inventory being repositioned for next-generation requirements. Cushman & Wakefield coordinated both the building’s lease (simultaneous to its purchase by Ivy Equities) and subsequent trade to ARC. Involved in the deal: Cushman & Wakefield, Ivy Equities, American Realty Capital, Sandoz Inc., and Princeton University/Picus Associates.
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Beacon Medical Realty

PFC’s NEWEST OFFICE BUILDING NOW FULLY OCCUPIED

10 FORRESTAL ROAD SOUTH
AT PRINCETON FORRESTAL CENTER

Beacon Medical Realty has achieved full occupancy of the newly constructed Forrestal Professional Center I medical building located at 10 Forrestal Road South at Princeton Forrestal Center.  Construction of this 40,300-square-foot building was completed during the summer of 2014.  Strategically located in close proximity to the new state-of-the-art University Medical Center at Princeton in Plainsboro, this new medical office building consists of up to 16 tenant spaces geared toward doctors in a variety of specialties, and provides University Medical Center at Princeton doctors with ancillary offices.  The property was developed by Beacon Princeton Forrestal MAB Associates and Beacon Medical Realty Investments II LP, developers of medical office buildings, along with the principals of industrial developer Summit Associates Inc.
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ENGINEERING FIRM MOVING IN

103 COLLEGE ROAD EAST 
AT PRINCETON FORRESTAL CENTER

Van Note-Harvey Associates, PC has entered into a long-term lease agreement with landlord National Business Parks for 16,684 square feet of space in the ±57,000 square foot three-story office building located   within the College Park Campus at Princeton Forrestal Center.  Entering into the lease allows Van Note-Harvey Associates to reorganize and update its headquarters.  Renovations are in-progress and move-in is expected during the third quarter of 2015. Van Note-Harvey Associates, PC is a full service consulting engineering, environmental, planning and land surveying organization tracing its origin back to 1894.
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RENOVATIONS CONTINUE

555-695 COLLEGE ROAD EAST
AT PRINCETON FORRESTAL CENTER

Munich Reinsurance America continues to upgrade its 4-building campus within Princeton Forrestal Center.  Currently renovations are in-progress to the exterior terraces and associated landscaping. This project complements recent major renovations to create a state-of-the-art modern convention and meeting center together with an employee fitness center.  Munich Reinsurance is a major provider of property and casualty reinsurance.
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ELECTRICAL SUBSTATION APPROVED

4405 US ROUTE 1 SOUTH
AT PRINCETON FORRESTAL CENTER

Public Service Electric and Gas Company (PSE&G) has received Final Site Plan approval from the South Brunswick Township Planning Board to construct an electrical substation with the Princeton Forrestal Center.  The substation will promote the efficient and reliable delivery of electricity to the public-at-large and increase the capacity of electricity that can be delivered to the area.  This will better prepare PSE&G to deliver electricity to the anticipated commercial and residential growth in the area.  PSE&G is one of the largest combined electric and gas companies in the United States and is also New Jersey’s oldest and largest publicly owned utility serving nearly three-quarters of the state’s population.
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Mills + Schnoering Architects, LLC

ARCHITECTURAL FIRM EXPANDING PRESENCE

200 FORRESTAL ROAD
AT PRINCETON FORRESTAL CENTER

Mills + Schnoering Architects, LLC has entered into a long-term lease and will be expanding their offices within the James Forrestal Campus at Princeton Forrestal Center. Renovations are on-going and move-in is scheduled for the second quarter of 2015.  Mills + Schnoering Architects is a full service architectural firm dedicated to design that contributes meaningfully to the built environment, and to the preservation of significant historic structures. Their focus is cultural buildings of all types, including theaters and museums; public buildings; campus planning and design; and the preservation and rehabilitation of historic buildings, with a particular focus on the restoration and adaptive use of mid-century Modern structures.
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PROFESSIONAL CENTERS ADVANCE

FORRESTAL ROAD SOUTH
AT PRINCETON FORRESTAL CENTER

Forrestal Road South LLC has received Preliminary Site Plan approval from the Plainsboro Township Planning Board to construct Forrestal Professional Center Phase II a 40,300 square foot office building and Forrestal Center Phase III a 93,000 square foot office building.  Involved in the project: Forrestal Road South LLC, Beacon Medical Realty, Menlo Engineering Associates and Princeton University/Picus Associates.
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DIGITAL INDUSTRY LEADER NEW REGIONAL OFFICE

303 COLLEGE ROAD EAST
AT PRINCETON FORRESTAL CENTER

Germany based Evotec has entered into a new lease agreement for 11,500 square feet of research, development and laboratory space at 303 College Road East within the College Park Campus at Princeton Forrestal Center.  Evotec is a high-quality provider in the drug discovery industry and will use the new offices for the expansion of protein production capabilities initiated in the United States to serve a major Pharma-partner on the East Coast.  Evotec’s new laboratory is expected to become operational in the first quarter of this year and will provide capacity for up to 40 employees. The new laboratory space complements the company’s expansion at their European facilities and is intended to meet an increasing need for services to their collaboration partners and general growth in this area.
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NPCA RECOGNIZES INFRASTRUCTURE IMPROVEMENTS

THE NURSERIES
AT PRINCETON FORRESTAL CENTER

At the National Precast Concrete Association’s (NPCA) 2015 Precast Show in Orlando, Florida, Atlantic Concrete Products Inc. received honorable mention in the Underground Category of the Creative Use of Precast (CUP) Awards competition.  The project involved the installation of a box culvert that allows Harry’s Brook to flow under the new connector road being constructed within the Nurseries section of Princeton Forrestal Center.  Involved in the project: Atlantic Concrete Products Inc., Pillari Brothers Construction Corp., Van Note-Harvey Associates, Ransom Consulting Engineers and Scientists, and Princeton University/Picus Associates.
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TRAC Intermodal

TRAC INTERMODAL RELOCATING HEADQUARTERS

750 COLLEGE ROAD EAST
AT PRINCETON FORRESTAL CENTER

TRAC Intermodal, has entered into a lease agreement with landlord ML7 College Road, LLC for 82,283 square feet of space in the ±100,000 square foot three story office building located at 750 College Road East at Princeton Forrestal Center. Entering into the lease allows TRAC Intermodal, an intermodal equipment provider and chassis pool manager serving domestic and international shippers, to consolidate its headquarters from two locations into one. Renovations are in-progress and TRAC expects to move into the premises during the first quarter of 2015.
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Company Logo

NORTH AMERICAN HEADQUARTERS COMING TO FORRESTAL CENTER

1 RESEARCH WAY
AT PRINCETON FORRESTAL CENTER

Systech Solutions Inc. has entered into a lease agreement with landlord BioMed Realty to relocate their North American headquarters to 1 Research Way within the Princeton Forrestal Center. The agreement allows Systech to be the sole tenant of 1 Research Way and will permit the expansion of their headquarters to ±300 employees. Renovations and fit-up of the ±50,000 square foot single storey building are on-going and move-in is expected during the second quarter of 2015. Systech is a global leader in brand protection and authentication technologies serving a wide variety of industries ranging from pharmaceutical, biotechnology and medical devices to food and beverage and healthcare.
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RESIDENTIAL APPROVED FOR THE VILLAGE

LIONSGATE DRIVE
AT PRINCETON FORRESTAL CENTER

Plainsboro Township Planning Board has granted approval for the construction of a residential development within Princeton Forrestal Village.  The 394 apartment units will be within three amenity-rich buildings that each has their own parking garage.  The proposed three to four-story “hospitality-style” apartments will be designed for young professionals and have upscale finishes with elevators — more akin to an urban feel than a suburban apartment. The project also includes the construction of pedestrian walking paths and will be steps away from the shops, restaurants, offices and hotel of the Village.  The property is owned by Lincoln Equities Group and the project was designed by Minno & Wasko Architects.


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BIOLOGICS FACILITY

201 COLLEGE ROAD EAST
AT PRINCETON FORRESTAL CENTER

Patheon parent DPx has purchased Gallus BioPharmaceuticals, which includes the ±57,000 square foot facility at 201 College Road East located within the College Park Campus at Princeton Forrestal Center.  The site has specialized in process development and clinical manufacturing by offering exceptional contract services.  Patheon is a leading provider of contract development and commercial manufacturing services to the global pharmaceutical industry for a full array of solid and sterile dosage forms. DPx was created earlier this year by the $2.6 billion merger of Patheon and Netherlands-based DSM Pharmaceutical Products.  The space is leased by landlord National Business Parks.
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Sasaki Associates

THINKING GREEN THROUGH STORMWATER MANAGEMENT

601-701 CAMPUS ROAD
AT PRINCETON FORRESTAL CENTER

A recently completed project to upgrade a portion of the regional stormwater management system to current criteria included the implementation of a constructed basin which includes wetland creation, water budget-based design, enhanced water quality, increased flood control, innovative groundwater recharge component and use of otherwise undevelopable land.  The original 1980 stormwater management was progressive for its time and this new bio-retention basin builds on previous success. The Princeton Forrestal Center team included Van Note-Harvey Associates, Sasaki Associates, HMC Associates and Enviroscapes.
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WORLDWIDE RESEARCH CORPORATION MOVING IN

307 COLLEGE ROAD EAST
AT PRINCETON FORRESTAL CENTER

United Kingdom based Aspen Clinical Research a global consumer product testing company has leased office space at 307 College Road East for their new North American operation, Princeton Consumer Research Corporation.  The company’s new offices are set to feature one of the largest state-of-the-art climate controlled or “hot room” facilities which will be used to test antiperspirants and deodorants, along with a full-service hair salon for testing all hair care products including dandruff studies, a bio-instrumentation room and dedicated clinical rooms for skin patch tests and subject trials focusing on the cosmetic, beauty, toiletry, personal care and baby care industries. Princeton Consumer Research Corporation’s new offices are currently under construction by landlord National Business Parks and the company is due to take occupancy later this year.
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Essential Power Services LLC

NEW HQ FOR ESSENTIAL POWER SERVICES

150 COLLEGE ROAD WEST
AT PRINCETON FORRESTAL CENTER

Essential Power Services LLC has signed a 14,515 square foot lease at 150 College Road West at Princeton Forrestal Center to serve as the company’s headquarters. Amenities at the 70,850 square foot building  include a café and gym with retail, dining and hospitality all within walking distance at the Princeton Forrestal Village. Other tenants in the complex include Sandoz a Novartis company.  Essential Power Services markets and sells capacity, energy and ancillary services from its portfolio of generation projects located in established, competitive wholesale electricity markets. They are an established New Jersey company that had outgrown its previous location and was looking for a prime location in Princeton market.
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GLOBAL PHARMACEUTICAL PICKS STRATEGIC LOCATION

100 COLLEGE ROAD WEST
AT PRINCETON FORRESTAL CENTER

Sandoz Inc., the generic pharmaceuticals division of Novartis, has signed a 12-year lease to relocate its U.S. headquarters to 100 College Road West within the Princeton Forrestal Center.  They will be the sole occupant of the 154,000-square-foot building which is being renovated with an upgraded lobby and cafeteria, new meeting rooms and improvements to achieve Leadership in Energy and Environmental Design Silver certification.  The investment demonstrates a commitment to create an HQ that meets long-term needs at a strategic location with coveted Route 1 frontage and proximity to the mixed-use Princeton Forrestal Village with retail, restaurants and hotels.  Involved in the deal: Cushman & Wakefield, Ivy Equities, American Realty Capital, Sandoz Inc., and Princeton University/Picus Associates.
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SES Americom Inc.

OPERATIONS CENTER CONSOLIDATION

4 RESEARCH WAY
AT PRINCETON FORRESTAL CENTER

SES Americom Inc., a Luxembourg-based satellite operator now controls nearly half of its satellite fleet from a new satellite operations center at its commercial sales and satellite engineering office on Research Way at Princeton Forrestal Center.  The new $15 million center consolidated satellite operations from several other locations in the state. A team of satellite controllers provides 24/7 monitoring and management of 23 of SES’s 55 satellites, as they deliver services ranging from television channels to high-speed broadband to millions of people.  The remainder of the SES global fleet of spacecraft is managed in Luxembourg.  Princeton is an important hub for SES satellite engineering expertise and their customer account teams.
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Patrinely Group, LLC

NEW OFFICE DEVELOPMENT PLANNED FOR ROUTE 1

PRINCETON CORPORATE CAMPUS
AT PRINCETON FORRESTAL CENTER

Marketing has commenced for additional development within the Princeton Corporate Campus at Princeton Forrestal Center. The Campus is an 800,000-square-foot master-planned office development located on a 75-acre tract fronting on Route 1 in the heart of the Princeton office market. When fully developed, the Campus will consist of five, five-story buildings situated in a richly landscaped park-like environment. Currently, 1100 Campus Road consisting of 167,000 square feet is complete and fully occupied by Novo Nordisk a Danish multinational pharmaceutical. The Princeton Corporate Campus at Princeton Forrestal Center is being developed by Patrinely Group, LLC. Further information is available at patrinelyprinceton.com
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