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Accurant Biotech Expands To 26,566 SF Office Space At 500 College Road East In Princeton With 10-Year Lease

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LEASED
$27
Vinny DiMeglio
Erin Moran

New Jersey

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Office26,566 SF
Leased 05/30/2023
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Property Image
LEASED

Accurant Biotech Expands To 26,566 SF Office Space At 500 College Road East In Princeton With 10-Year Lease

500 College Rd E Princeton, NJ 08540, USA

See Similar Deals
Office26,566 SF
Leased 05/30/2023
Vinny DiMeglio
Erin Moran
the dealplayerscompscontact
Contact now

Summary

NEW JERSEY
Asset Type:Office
Price Per Square Foot:$27
Total Square Footage:26,566 SF
Transaction Type:Lease

Bergman Real Estate Group facilitated a 10-year lease for Accurant Biotech, a life sciences company, securing 26,566 square feet of office space at 500 College Road East in Princeton. The office space was leased at an asking rent of $27.50 per square foot. The move represents Accurant Biotech's expansion from its current East Windsor location. The choice to lease this space was influenced by the building's amenities, recent capital improvements, and the appeal of a Princeton address.

Summary of transation details

  • Property Type: Office
  • Transaction Amount: Not provided
  • Address: 500 College Road East, Princeton
  • Market: Princeton

The lease was facilitated by Bergman Real Estate Group, represented by Michael Bergman and Hornig Capital Partners. Accurant Biotech was represented by Vinny DiMeglio and Erin Moran of JLL. The lease terms are for a duration of 10 years.

Players

Vinny DiMeglio
JLL
Vinny DiMeglio
4 deals(609) 454-5242
BROKER
Erin Moran
JLL
Erin Moran
2 deals(732) 673-0773
BROKER
HP
Hornig Capital Partners
LANDLORD
BG
Bergman Real Estate Group
LANDLORD

Details

LEASED
IMAGE: Vinny DiMeglio & Erin Moran DATE: 05/30/2023 ADDRESS: 500 College Road East MARKET: Princeton ASSET TYPE: Office LANDLORD: Bergman Real Estate Group (@BergmanRealEstateGroup) - Michael Bergman; Hornig Capital Partners TENANT: Accurant Biotech (@Accurant_Biotech_Inc) - Dongbei Li BROKERS: Vinny DiMeglio (@ViDiMeglio) & Erin Moran - JLL (@JLL) ASKING RENT: $27.50/ft. ~ SF: 26,566 LEASE TERMS: 10-year NOTE: Bergman Real Estate Group facilitated a 10-year lease for life sciences company Accurant Biotech, securing 26,566 square feet of office space at 500 College Road East in Princeton. The move represents Accurant Biotech's expansion from its current East Windsor location, and the choice was influenced by the building's amenities, recent capital improvements, and the appeal of a Princeton address.

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Deal Type
Effective Rent (Annual)

$822,283.43

Total Lease Value

$8,222,834.28

Net Landlord Cash Flow$822,283.43