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  • Writer's pictureMAREJ

Bergman RE Group & Hornig Capital Partners acquire 160,000 s/f, 500 College Rd. in Princeton


PRINCETON, NJ — Bergman Real Estate Group announced the acquisition of 500 College Rd. East in Princeton. The 160,000 s/f, four-story office building is part of the prestigious Princeton Forrestal Center, a 2,200 acre master-planned, mixed-use development community located at the interchange of US Rte. 1 and College Rd., within minutes of Princeton University and downtown Princeton.

The acquisition is a joint venture between Bergman, Hornig Capital Partners, and Eightfold Capital. The partnership acquired the building from Mack-Cali, making this Bergman’s third acquisition from the commercial REIT. Acquisition financing provided by Amherst Capital Management, led by Gabe Boyar, managing director, was arranged by JLL’s New Jersey Capital Markets team of Michael Klein, Greg Nalbandian, Michael Lachs and Biagio Caruso.

“500 College Rd. East is Bergman and Hornig’s first acquisition in the greater Princeton area,” said Michael Bergman, president and CEO, Bergman Real Estate Group. “Situated in the heart of the Princeton Forrestal Center surrounded by prestigious companies, and institutes of higher learning, research and development, makes this an attractive location for businesses looking to establish offices in the central Princeton market.” Princeton Forrestal Center is home to more than 175 businesses and numerous mixed-uses including academic, research, office, residential, hotels, conference centers, retail and dining facilities, as well as 700 acres of preserved open space.


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