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Galapagos Leases 15,000 SF Office Space At Princeton Point From Nuveen Real Estate
LEASED
New Jersey
See Similar DealsOffice15,000 SF
Leased 06/11/2024
LEASED
Galapagos Leases 15,000 SF Office Space At Princeton Point From Nuveen Real Estate
600 College Road East
See Similar DealsOffice15,000 SF
Leased 06/11/2024
Summary
NEW JERSEY
Asset Type:Office
Price Per Square Foot:$0
Total Square Footage:15,000 SF
Transaction Type:Lease
Galapagos, an international biotechnology company, has secured a 15,000-square-foot lease at Princeton Point, a complex in Princeton encompassing office and life sciences spaces at 600 and 650 College Road E.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not provided
- Address: 600 & 650 College Road East
- Market: Princeton
- Landlord: Mike Sales - Nuveen Real Estate
- Tenant: Galapagos
- Landlord's Rep: Kevin Carton & Todd Elfand - Cushman & Wakefield
- Tenant's Rep: CBRE
The lease negotiation was handled by Cushman & Wakefield on behalf of landlord Nuveen Real Estate, with CBRE representing Galapagos in the transaction.
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$859,790.95
Total Lease Value
$8,597,909.48
Net Landlord Cash Flow$859,790.95
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