Urology Group of Princeton Signs Princeton Forrestal Village Lease
Written by Greg Eliason   
Wednesday, 04 May 2011 18:49

Investcorp International Inc. entity IVC PFV, LLC and Lincoln Equities Group, owners of Princeton Forrestal Village, have signed the Urology Group of Princeton to a 5,175-square-foot lease at Princeton Forrestal Village, a mixed-use development consisting of approximately 550,000-square-feet in the Princeton sub-market.

 

Posted May 3, 2011 http://phillyrealestate.citybizlist.com

Investcorp International Inc. entity IVC PFV, LLC and Lincoln Equities Group, owners of Princeton Forrestal Village, have signed the Urology Group of Princeton to a 5,175-square-foot lease at Princeton Forrestal Village, a mixed-use development consisting of approximately 550,000-square-feet in the Princeton sub-market.

Lincoln Equities' Daniel Ackerman, Senior Director of Leasing, represented the owner in this transaction.

"The completion of this transaction substantiates that with the relocation of the 630,000-square-foot University Medical Center of Princeton to Plainsboro, businesses have expressed the desire to be in close proximity to this new, world-class hospital" noted Mr. Joel Bergstein, President, Lincoln Equities Group.

Situated on Route 1, the area's primary highway, Princeton Forrestal Village is a 42-acre mixed-use campus that consists of 10 freestanding office, retail and restaurant buildings. Originally built in 1987, the Village underwent significant capital improvements in 2007, and now offers a synergistic 'lifestyle' environment featuring pedestrian bridges, fountains, serene tree-lined streets, courtyards and picturesque gardens.

Other amenities include a first-class 294-room Westin Hotel and Conference Center (under separate ownership), three upscale destination restaurants--Ruth's Chris Steak House, Salt Creek Grille and Tre Piani--a 61,000-square-foot CAN DO Fitness/ Koi Spa and Salon, a 12,700-square-foot food court as well as a newly developed 9,750-square-foot daycare center.

Princeton Forrestal Village is home to tenants including David Lerner Associates, Inc., Tetra Tech, Inc., Reed Smith LLP, North American Electric Reliability Council, Gallagher Briody & Butler and many others. The complex is within close proximity to Princeton University's James Forrestal Campus, Novo Nordisk, Dow Jones / Wall Street Journal, Bristol-Myers Squibb and many other major large and mid cap corporations.