PLAINSBORO, N.J. – CBRE Group, Inc., New Jersey’s largest commercial real estatefirm, announced today that it has been selected to serve as the exclusive leasing agent for The Green at Princeton, a 720,000-square-foot, Class A office/R&D campus located in Plainsboro, N.J.
CBRE’s team of Alec Monaghan, first vice president; Joe Sarno, executive vice president; Jeremy Neuer, senior vice president; Adam Englander, vice president; and Wes Moore, vice president, will oversee the leasing and marketing campaign on behalf of the owners, Scudders Land Holdings LLC, by a joint venture between LCOR, Ivy Equities and Intercontinental Real Estate Corporation.
The campus – located at 700 Scudders Mill Road – could comprise approximately five to six buildings on more than 100 acres, including 60 acres of preserved open space ensuring tenants will have expansive, unobstructed views.
“700 Scudders Mill Road offers a host of amenities, making it attractive to companies who are looking for the opportunity to establish a headquarters located within a fully integrated campus,” said Mr. Monaghan. “The Green at Princeton offers a unique and flexible campus, energy efficient operations with a focus on solar power, access to many local amenities, and abundant parking.”
The Green aims to meet the demands of tomorrow’s work environment, offering build-to-suit opportunities; five per 1,000 square foot parking ratio that is expandable to handle dense work environments; high-qualitydesigned to meet LEED-Platinum certification; and a seven mega-watt solar generator plant.
Notable existing neighboring tenants include Bristol-Myers Squibb, Novo Nordisk, Credit Suisse, Zurich Re Insurance, Princeton Plasma Physics, Siemens, Robert Wood Johnson Foundation, Sandoz and NRG Energy.
In addition, the site is just minutes from Princeton Junction Train Station served by New Jersey Transit and Amtrak, adjacent to the new University Medical Center at Princeton and 50 miles to either New York City or Philadelphia. There is also convenient access to Princeton Airport, Newark Liberty International Airport and Philadelphia International Airport.
“We are excited for the opportunity to market such a unique campus that offers an immeasurable value to the tenants, thanks to The Green at Princeton partnership,” said Mr. Sarno. “The professionals behind the joint venture have extensive experience in developing successful projects and understand the importance of quality and integrity, both in the construction process and in dealing with contractors, vendors and tenants.”
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (in terms of 2012 revenue). The Company has approximately 37,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 300 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation;services; investment management; and research and consulting. Please visit our website at www.cbre.com.