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Dr. Reddy’s Laboratories And State Street Bank Sign Leases At Princeton Point, NJ

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LEASED
Shawn Straka
Todd Elfand
Kevin Carton
+ 1

New Jersey

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Office116,000 SF
Leased 09/06/2023
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LEASED

Dr. Reddy’s Laboratories And State Street Bank Sign Leases At Princeton Point, NJ

600 College Road East Princeton, NJ 08540, USA

See Similar Deals
Office116,000 SF
Leased 09/06/2023
Shawn Straka
Todd Elfand
Kevin Carton
+ 1
the dealplayerscompscontact
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Summary

NEW JERSEY
Asset Type:Office
Price Per Square Foot:$0
Total Square Footage:116,000 SF
Transaction Type:Lease

The property in question is an office space located at 600 College Road East in Princeton. It spans approximately 116,000 square feet and is owned by Jose Minaya of Nuveen Real Estate.

Summary of transation details

  • Property Type: Office
  • Transaction Amount: Not specified
  • Address: 600 College Road East
  • Market: Princeton
  • Tenant: Erez Israeli - Dr. Reddy’s Laboratories & State Street Bank
  • Landlord: Jose Minaya - Nuveen Real Estate
  • Landlord's Representative: Kevin Carton & Todd Elfand of Cushman & Wakefield
  • Tenant's Representative: Shawn Straka of Cushman & Wakefield

Cushman & Wakefield played a pivotal role in facilitating two leases at Princeton Point in New Jersey. One lease was signed by Dr. Reddy’s Laboratories for approximately 53,000 square feet, while State Street Bank renewed their existing lease for approximately 63,000 square feet. The landlord, Nuveen Real Estate, was represented by Kevin Carton and Todd Elfand of Cushman & Wakefield. Shawn Straka, also of Cushman & Wakefield, handled the tenant representation.

Players

Kevin Carton
Cushman & Wakefield
Kevin Carton
9 deals$224M volume
BROKER
Todd Elfand
Cushman & Wakefield
Todd Elfand
9 deals$224M volume
BROKER
Shawn Straka
Cushman & Wakefield
Shawn Straka
3 deals$8.3M volume
BROKER
Jose Minaya
Nuveen
Jose Minaya
7 deals$313.5M volume
LANDLORD

Details

LEASED
IMAGE: Shawn Straka, Kevin Carton, Todd Elfand, Erez Israeli & Jose Minaya DATE: 09/06/2023 ADDRESS: 600 College Road East MARKET: Princeton ASSET TYPE: Office ~ SF: 116,000 LANDLORD: Jose Minaya - Nuveen Real Estate (@NuveenInv) TENANT: Erez Israeli - Dr. Reddy’s Laboratories (@dDrReddysOfficial) & State Street Bank LANDLORD'S REP: Kevin Carton & Todd Elfand - Cushman & Wakefield (@CushWake) TENANT'S REP: Shawn Straka - Cushman & Wakefield NOTE: Cushman & Wakefield has facilitated two leases at Princeton Point, NJ. Dr. Reddy’s Laboratories signed a 53,000-square-foot lease, and State Street Bank renewed its 63,000-square-foot lease. The transactions were brokered by Cushman & Wakefield's Kevin Carton and Todd Elfand for the landlord, Nuveen Real Estate, with tenant representation by Shawn Straka.

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Effective Rent (Annual)

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Net Landlord Cash Flow$6,649,050.00