PRINCETON, NJ — Bergman Real Estate Group, a full-service real estate company based in Woodbridge, announced that the life sciences company, Accurant Biotech, Inc. has signed a 10-year lease for 26,566 s/f of office space at 500 College Rd. East in Princeton. Move-in is slated for August 2023.
“We are thrilled that Accurant Biotech, Inc. has joined our prestigious tenant roster at 500 College Rd. East,” said Michael Bergman, president and CEO of Bergman Real Estate Group. “This is a significant lease transaction in the Princeton area, and is the direct result of our recent capital improvement program, new building services, and the scarcity of lab space.”
“Our relocation to 500 College Rd., with its extensive amenities offered and prestige of the location provides us the opportunity to expand and modernize our workspace, attract and retain the best talent and continue to provide the innovation our firm is known for,” said Dongbei Li, Accurant’s co-founder and US Site Head.
According to Vinny Di Meglio and Erin Moran of JLL, the leasing agents for 500 College Rd. East, Accurant Biotech is expanding into Princeton from its current East Windsor.
“They love the cache of having a Princeton address and at the same time and they wanted to be in a building that offers a wide array of amenities that they could provide to their staff, thanks to Bergman’s recent $4 million capital improvement,” said Di Meglio. “When it comes to attracting new tenants, amenities are vital for recruitment.”
Major life sciences and pharmaceutical companies call Princeton home, and the city is within the jurisdiction of the Central NJ private, non-profit economic development initiative Einstein’s Alley, which focuses on R&D and knowledge-based jobs.
500 College Rd. East is a four-story, 160,000 s/f office building that Bergman Real Estate Group, in a joint venture with Hornig Capital Partners, acquired in 2021. The building’s renovations included new amenities such as an advanced fitness center with showers and locker rooms, a shared conference center, an expanded full-service café, a game room with shuffleboard and billiards tables, and a bike share program. Rooftop solar panels were installed, and electric vehicle charging stations are soon to come.
The building is located within the Princeton Forrestal Center. This 2,200-acre master-planned, mixed-use development community is home to nearly 200 businesses and several mixed-used venues such as hotels, conference centers, dining, research, office, academic, residential, and retail facilities, alongside 700 acres of preserved open space.
“Accurant Biotech’s expansion to 500 College Rd. East is a reminder that modern businesses are prioritizing office spaces with advanced services and amenities that provide an inspiring work environment, which improves employee morale and recruiting efforts,” Bergman said. “We expect additional interest in the property from leading firms in life sciences, computer technology, pharmaceutical, finance, and other sectors in which employees and employers alike demand the high-quality facilities available at 500 College Rd. East.”
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