Jones Lang LaSalle

Law Firm Takes 31,000 SF at Carnegie Center
By Eric Peterson
Last updated: March 28, 2006 12:53pm

PRINCETON, NJ-The law firm of Pepper Hamilton LLP has signed a lease for 31,000 sf at 301 Carnegie Dr., a four-story, 127,500-sf class A building here. The initial lease is for a five-year term. The firm will relocate from its existing 25,000-sf location in Alexander Park, also in Princeton.

The asset, located at one of the two main entrances to Carnegie Center, is owned by Carnegie Investors LLC, an affiliate of the Philadelphia-based BPG Properties Ltd., formerly Berwind Property Group. BPG was represented in-house while the tenant was represented by Jerry Fennelly and C.J. McCourt of NAI Fennelly, Hamilton.

Pepper Hamilton is a multi-practice law firm with 400 lawyers in a half-dozen states and Washington, DC. The firm’s Princeton office, currently with 50 staffers including 25 lawyers, was formed in 2001 when lawyers from the firm of Jamieson, Moore, Peskin & Spicer combined their practices with Pepper.

Acquired by the BPG affiliate in late 2004, 301 Carnegie has since undergone a capital-improvement program. The Pepper Hamilton signing leaves approximately 55,000 sf still available, with managing principal James Scanlon, associate Todd Elfand and managing director Kevin Carton of Newmark Knight Frank handling the marketing.