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Nuveen Real Estate Leases 11200 Square Feet To United Silicon Carbide In Princeton

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LEASED

New Jersey

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Office11,200 SF
Leased 06/04/2020
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LEASED

Nuveen Real Estate Leases 11200 Square Feet To United Silicon Carbide In Princeton

650 College Rd E, Princeton, NJ, 08540

See Similar Deals
Office11,200 SF
Leased 06/04/2020
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Summary

NEW JERSEY
Asset Type:Office
Price Per Square Foot:$0
Total Square Footage:11,200 SF
Transaction Type:Lease

The property involved in the transaction is located at 650 College Rd E, Princeton, NJ, 08540. It has a total square footage of 11,200 and is part of a larger 169,896-square-foot building. The property is situated within Princeton University’s 2,000-acre master-planned business/research campus and was completed in 1999. The building includes features such as a 60-foot glass atrium, an outdoor courtyard with a seating area and private patio, along with a café and conference facility available in the adjacent sister building at 600 College Road E.

Summary of transaction details:

  • Property Type: Lease
  • Transaction Amount: Not disclosed
  • Address: 650 College Road E, Princeton, NJ, 08540
  • Market: Princeton
  • Landlord: Nuveen Real Estate
  • Tenant: United Silicon Carbide
  • Landlord's Rep: Kevin Carton, Cushman & Wakefield
  • Tenant's Reps: John Buckley and Jon Compitello, JLL

Managing Directors Todd Elfand and Kevin Carton, Executive Managing Director Paul Giannone, and Associate Joe Vacca represented the landlord, Nuveen Real Estate, in this transaction. The tenant secured the lease for a first-floor office space, contributing to the ongoing leasing activities managed by a different Cushman & Wakefield team for Advance Realty Investors’ portfolio in Bedminster, NJ.

Players

Kevin Carton
9 deals$224M volume
BROKER

Todd Elfand
Cushman & Wakefield
9 deals$224M volume
BROKER

Paul Giannone
Cushman & Wakefield
3 deals
BROKER

Nuveen
LENDER

Nuveen
LANDLORD

Details

LEASED
IMAGE: 650 College Rd E, Princeton, NJ, 08540 MARKET: Princeton LANDLORD'S REP: Kevin Carton(Cushman & Wakefield) TENANT: United Silicon Carbide LANDLORD: Nuveen Real Estate SQUARE FEET: 11200

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Deal Type
Effective Rent (Annual)

$641,977.24

Total Lease Value

$6,419,772.41

Net Landlord Cash Flow$641,977.24