2014 Proves To Be Banner Year for National Business Parks

With close to 150,000 square feet of office, laboratory and research and development space leased in 2014, National Business Parks, the managing entity of College Park at Princeton Forrestal Center, twelve Class-A office and laboratory buildings on Research Way and College Road in Princeton, continued to show strong growth throughout the past year.

From high-quality providers in the drug discovery industry like the international company , Evotec to widely known digital companies such as Technicolor on their tenant roster, National Business Parks consistently attracts worldwide, industry leading companies to College Park at Princeton Forrestal Center. The company’s total square footage of space leased last year consists of new tenants, as well as extended and renewed leases with existing tenants, who in many cases chose to expand existing offices or move to larger facilities within College Park in an effort to provide for current and future growth.

According to Vincent Marano, Chief Operating Officer of National Business Parks, “Over the past year we have excelled in our effort to provide the best location, facilities and amenities for office space along the Route 1 corridor in Princeton.  As we continue to attract global leaders in the research, development and technology industries as our tenants, our retention rates for existing tenants consistently tops industry standards.”

During 2015 the company will be focused on securing lease agreements for up to 40,000 square feet of Class-A office space on the second and third floor of 2 Research Way, as well as up to 30,000 square feet of office space on the third floor in 4 Research Way. In addition, there is up to 45,000 square feet of state-of-the-art laboratory space at 305 College Road East. “Our strategic planning for this year includes shattering last year’s record amount of leased space with the availability of premium office and laboratory space in these renowned buildings at College Park,” Marano continues.

Managed by National Business Parks, Inc., College Park at Princeton Forrestal Center is one of the area’s most award-winning office complexes.  For more information on available space by National Business Parks in Princeton, Morristown or Bridgewater please contact us or call 609-452-1300.