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600 College Road East

Nuveen Real Estate Leases Over 49,200 Square Feet To Trac Intermodal SiriusXM And USA Formulations
LEASEDOffice

Nuveen Real Estate Leases Over 49,200 Square Feet To Trac Intermodal SiriusXM And USA Formulations

600 College Road East & 650 College Road East

Building Size

98,400 SF

Asset Type

Office

Closing

Mar 23, 2026

AI

The property asset involved in this lease transaction comprises office space totaling 49,200 square feet, located at 600 & 650 College Road in Princeton. The market is identified as Princeton, with Nuveen Real Estate serving as the landlord for this asset.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Not disclosed
  • Landlord: Nuveen Real Estate
  • Tenant: Trac Intermodal, SiriusXM & USA Formulations
  • Broker: Todd Elfand & Kevin Carton - Cushman & Wakefield

This lease agreement reflects a significant commitment from tenants, with Trac Intermodal leasing 31,000 square feet, SiriusXM taking 14,500 square feet, and USA Formulations utilizing 3,700 square feet. The representation of the landlord by brokers Todd Elfand and Kevin Carton from Cushman & Wakefield underscores the demand for well-appointed office environments.

Players

Kevin Carton

Cushman & Wakefield

Broker

$224M

vol

9 deals

Broker
NE
Nuveen Real EstateLandlord
TI
Trac IntermodalTenant
S
SiriusXMTenant

Princeton Office Market Snapshot

Boundary boundary · Office · Lease transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93