Real Estate Journal — New Jersey — June 10 - 23, 2016 — 3B
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400 Alexander Park recently renovated for LEED cert. Woodmont Properties inks long-term, 36,600 s/f lease
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EST WINDSOR, NJ — Woodmont Properties , a com-
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mercial and residential devel- oper, announced that a global pharmaceutical company has a signed a 36,600 s/f lease at 400 Alexander Park, an office building inWest Windsor Twp., which was recently renovated to attain LEED certification. 400 Alexander Park will serve as U.S. headquarters for this global company.The tenant, which will occupy the third and fourth floors of the building, was represented by Scott Crumley of Tactix Real Estate Advisors, LLC , while Woodmont Properties was represented by Steve Tolkach , Adam Silver and John Calvo of Newmark Grubb Knight Frank . Recently, Woodmont Proper- ties initiated an $11-million capital improvement program at 400 Alexander, implement- ing a number of upgrades that have enhanced the overall energy performance of the property as it works toward LEED certification. The reno- vations include the addition of a new curtainwall system; a redesign of the lobby and all of the building’s core areas including elevators and rest- rooms; and the installation of newmechanical, electrical and energy efficient heating and air conditioning equipment. “With everything from its floors to its façade having been upgraded with sustainable and environmentally friendly ma- terials, 400 Alexander is essen- tially a brand new building,” said Eric Witmondt , chief executive officer of Woodmont Properties. “In addition to the modernization of the property, the company was drawn to the boutique building’s smaller floor plates and higher window ratio, which allow more natu- ral light to fill the space.” 400 Alexander is within three miles of downtown Princ- eton and Princeton University, and is located a half-mile from the Princeton Junction train station. The property, which currently has 35,000 s/f of space available for lease, is also only a half-mile off of Rte. 1, and is in close proximity to the New Jersey Turnpike, I-105, I-295 and Rte. 130. “Having worked in the Princeton market for the past 28 years, it is clear that 400 Alexander is a unique and innovative property that is becoming known as one of the
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400 Alexander Park
top assets in the area,” said Tolkach. “With its location right in the center of where everyone wants to be, and near a walking path that leads
directly to Princeton Junction train station, the tenant was able to receive a substantial incentive through the Grow NJ program.” n
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