One University Square, Princeton. – CUSHMAN & WAKEFIELD
Cushman & Wakefield said Jan. 4 it arranged a long term, 20,000-square-foot lease extension for Mercer US at One University Square, a premier trophy office building in Princeton.
A Cushman & Wakefield team of Kevin Carton, Todd Elfand, Paul Giannone and Joe Vacca represented the landlord, Argent Ventures.
“Argent Ventures recently acquired the property and is excited to continue working with Mercer US,” said Carton Cushman & Wakefield’s managing director United States. “Argent has a reputation of being entrepreneurial and in-touch with tenants’ needs when navigating office space throughout the pandemic.”
One University Square is a 328,000-square-foot trophy-quality office asset. Built in 2008, the classic yet modern building features a dramatic two-story atrium accented with beautiful artwork and a granite façade with reflective glass windows. The building is undergoing a major capital improvement program and boasts 24/7 security, large floorplates, a full-service cafeteria, on site fitness center with locker rooms and a sauna, on-site training and conference center, a tranquil walking trail, a scenic pond and a pergola.
“This property is at the epicenter of the renowned Princeton office market, making it one of the most sought-after well-known buildings in the area,” added Efland.
The building is located at Route 1 and Alexander Road, just half of a mile from Princeton University, one and a half miles from the New Jersey Transit Station and two miles from downtown Princeton. The property is within walking distance from the Hyatt Hotel, surrounded by six major shopping centers/malls and in proximity to Interstates 205 and 195 and Routes 27 and 206.
