Friday, February 17, 2006

Jones Lang LaSalle

Three Sign for Space at College Park
By Eric Peterson
Last updated: February 16, 2006 02:28pm

PRINCETON, NJ-Three leases totaling 33,500 sf have been signed for locations within College Park at Princeton Forrestal Center here. In the largest of the three signings, Ascend Media has taken 18,800 sf at 103 College Road East. The publisher of medical and healthcare journals is relocating from its current home in Monroe Twp., NJ.

Ascend was represented by Doug Petrozzini of Grubb & Ellis. All three transactions were arranged by Vincent Marano, COO, and leasing executive Tom Stange of locally based National Business Parks. The latter manages and leases the 40-acre campus on behalf of the owner, New York City-based Lawrence Zirinsky Associates.

Also, Princeton Gamma-Tech Instruments has leased 13,000 sf at 303 College Road East, and will move its headquarters offices and labs from nearby Rocky Hill, NJ. The company, which supplies gamma-ray and x-ray detectors an analyzers, was represented in the long-term lease by Sab Russo of CB Richard Ellis. Finally, Zensar Technologies, an IT company, is expanding and relocating from 2 Research Way within College Park, to 2,700 sf at 103 College Road East.