PRINCETON, NJ-A new lease with a nonprofit research organization adds to the eclectic mix of healthcare/medical and office tenants that has filled up office space at Princeton Forrestal Village, according to Lincoln Equities Group.
The village development, which includes restaurants and retail, now has 96% of its office space leased, said Daniel S. Ackerman, the senior director of leasng.
Investcorp International owns Princeton Forrestal Village along with Lincoln Equities Group. They jointly announced the lease of 13,000 square feet with CHDI Management. CHDI manages a not-for-profit research organization committed to developing drugs that slow the progression of Huntington's disease.
Since the partners took ownership in December of 2010, Forrestal Village has seen “exponential growth” in all its sectors, especially medical and healthcare with several new tenants in the past year, says Ackerman.
Joel Bergstein, president of Lincoln Equities Group, adds that “new tenants are realizing the benefits of the Village's proximity to the University Medical Center of Princeton, and to the Princeton region.”
Surgical Specialists of Princeton, Urology Group of Princeton, Colon & Rectal Surgeons of Central NJ, the Center for Advanced Reproduction Medicine and Fertility, National Dentex Corporation/Excel Laboratories, and Centerland LLC Surgical Supplies all have secured offices at Princeton Forrestal.
The Village is located on US Route 1, one mile north of the University Medical Center of Princeton at Plainsboro and two miles from downtown Princeton.
Its restaurants include Ruth's Chris Steak House, Salt Creek Grille, Tre Piani Restaurant and Bar, and the area's first Bon Appetit Café, along with other eateries. The 70,000-square-foot Can-do Fitness and KoiSpa Salon round out the tenant base.
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