Real Estate New Jersey

PRINCETON, NJ-Carnegie Investors LLC has tapped Newmark Knight Frank to be exclusive leasing agents for the 130,000-sf 301 Carnegie Center here. They take over from a Trammell Crowteam that had the assignment for the past 12 months.

"301 Carnegie Center is a landmark building in the Princeton market," says James Scanlon, managing principal of NKF. He will be marketing the property along with associate Todd Elfand and managing director Kevin Carton. The owner is an affiliate of Philadelphia-based Berwind Property Group.

"We received the assignment as an expansion of our relationship with BPG," says Elfand. "We have done other assignments with the BPG very successfully over the years and look forward to having continued success with this project."

The building has 83,000 sf of contiguous space available on its third and fourth floors, and can be broken down into subdivisions as small as 3,500 sf. Bank of America occupies 45,000 sf and is the building's largest current tenant. Newmark Knight Frank is the newly merged company from the New York City-based Newmark Real Estate and the London-based Knight Frank. It had more than $41 billion in worldwide transactions in 2005.

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