CHATHAM, NJ – Cassidy Turley, a leading commercial real estate services provider in the U.S., has negotiated a 43,500-square-foot lease at 19 Roszel Road in Princeton, NJ. Hill Wallack LLP, one of the region’s most prestigious law firms, will relocate its headquarters to Roszel Square, occupying the top two floors of the first building in the 100,500-square-foot, two-building, Class A development. Roszel Square is in the heart of the Route 1/Alexander Road corridor, adjacent to Carnegie Center in Princeton. Construction is slated to begin in the fourth quarter of 2013 with delivery expected in early 2015.
Milton H. Charbonneau, Senior Vice President, Principal of Cassidy Turley, represented the development team, led by Andy Gottesman of Gottesman Real Estate Partners and Michael Seeve of Mountain Development Corp. Sab Russo, President of Mercer Oak Realty, represented the tenant. Mr. Charbonneau is heading up pre-leasing efforts for the remaining 19,000 square feet on the first floor of the Phase One building, as well as the second, 38,000-square-foot building comprising Phase Two.
Hill Wallack chose Roszel Square because of the convenient location, efficient interior layout and opportunity to create a cutting-edge legal work environment in a first generation space. Together with famed architecture firm Gensler, the development team will work closely with Hill Wallack in the building design development process. Roszel Square will feature superior building systems, refined architecture and abundant landscaping in a vibrant setting.
"Roszel Square is a high-design alternative to standard offices in the area,” said Mr. Gottesman. “And it is only five minutes from downtown Princeton and all the unique amenities the university town has to offer, including proximity to hotels, the Marketfair for upscale shopping and restaurants, and the Princeton Junction train station.”
The Phase Two Building of Roszel Square features 13,000-square-foot floor plates, offering tenants an opportunity for first-class identity even with modest footprints, and will start construction when pre-leased.
“The remaining space we’re pre-leasing is perfect for technology companies or other smaller users that want the advantages of being headquartered in Princeton’s newest office building within the Einstein’s Alley corridor,” said Mr. Charbonneau of Cassidy Turley.
About Cassidy Turley
Cassidy Turley is a leading commercial real estate services provider with more than 3,800 professionals in more than 60 offices nationwide. With headquarters in Washington, DC, the company represents a wide range of clients—from small businesses to Fortune 500 companies, from local non-profits to major institutions. The firm completed transactions valued at $22 billion in 2012, manages approximately 400 million square feet on behalf of institutional, corporate and private clients and supports more than 23,000 domestic corporate services locations. Cassidy Turley serves owners, investors and tenants with a full spectrum of integrated commercial real estate services—including capital markets, tenant representation, corporate services, project leasing, property management, project and development services, and research and consulting. Cassidy Turley enhances its global service delivery outside North America through a partnership with GVA, giving clients access to commercial real estate professionals in 65 international markets. Please visit www.cassidyturley.com for more information about Cassidy Turley.