Princeton Forrestal Village is an approximately 770,000-sf mixed-use property, about one-third of which is retail. That retail portion is currently undergoing a $40-million redevelopment and repositioning that is turning its former largely outlet mix into a more upscale variety.
"The area has a rapidly growing and wealthy residential segment, plus a huge and increasing corporate sector," Matthew Harding, president and COO of the North Plainfield, NJ-based Levin Management Corp., leasing and management agents for the retail portion of Princeton Forrestal Village, tells GlobeSt.com. "There are 140,000 executives and white collar workers within seven miles. Ruth's Chris is exactly the right kind of tenant."
"This is an important and strategic addition for the property," says Fred Knapp, VP of property management and asset manager for Gale Real Estate Services of Roseland, NJ, a subsidiary of Mack-Cali Realty Corp. "Adding a nationally known restaurant like this as an anchor tenant helps keep the positive momentum going."
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