(Save the date: RealShare New Jersey comes to the Hyatt Regency, New Brunswick, NJ, September 19.)

PRINCETON, NJ-With the relocation of the University Medical Center of Princeton at Plainsboro to Route 1, the owners of the nearby Princeton Forrestal Village are making available more than 50,000 square feet for medical and health-related offices.

Princeton Forrestal is a mixed-use center on Route 1 that is already occupied by a number of large and small fitness and medical offices, and also shops, restaurants and other businesses.

Investor International, Inc. and Lincoln Equities Group purchased the property in 2010. The hospital moved its offices to Route 1 in Plainsboro in May.

“We’ve now expanded our offerings in ways that will benefit the health and well-being of area residents while fully utilizing Princeton Forrestal’s amenity-rich assets,” Daniel Ackerman, Lincoln Equities’ senior leasing director tells GlobeSt.com. “The relocation of the Medical Center to just a mile away on Route 1 presents excellent opportunities for building the medical and fitness presence at Princeton Forrestal.” The available space includes many accessible first-floor offices, Ackerman notes.

“This is what we envisioned when we purchased the property,” says Joel Bergstein, president of Lincoln Equities, in a statement. “Our growing roster of medical/health groups, such as Surgical Specialists at Princeton/Titan Corporation, Center for Advanced Reproductive Medicine & Fertility, National Dental Corporation, Princeton Longevity Center, the Urology Group at Princeton and CanDo Health and Fitness, combined with the eclectic mix of shops, restaurants, other services and businesses – and the presence of a world-class Westin Hotel and Conference Center– makes Forrestal Village a vital economic hub in Central New Jersey.”

The Princeton Longevity Center, which occupies 50,000 square feet, and CanDo, which occupies 60,000 square feet, are two of the largest current tenants at the mixed-use center.

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.