6B — November 2023 — Central New Jersey — M id A tlantic Real Estate Journal
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C entral N ew J ersey
Designers involved in the project include: Ware Macomb, CFI Furniture, and Corporate Art Bergman Real Estate Group receives BOMA’s 2023 TOBY Award for 500 College Rd. East, Princeton P 500 College Rd. East is located within the Princeton Forrestal Center development. available, so tenants can take advantage of the campus’s serene setting.
RINCETON, NJ — For the third year in a row, Bergman Real Estate Group has received highest honors from the Building Owners and Managers As- sociation (BOMA) NJ . The 35-year veteran real estate firm received the 2023 TOBY Award in the 100,000- 249,999 s/f category for Outstanding Building of the Year for 500 College Rd. East in Princeton. “Our team has done an out- standing job bringing new life to 500 College Rd. since we acquired the property in 2020,” said Michael Bergman , presi- dent and CEO of Bergman Real Estate Group. “We are honored to be recognized by NJ’s real estate community for the ex- tensive efforts we spearheaded to modernize and beautify this class A office space.” Bergman Real Estate Group was presented with the award at the October 25, 2023, BOMA
The building is located a half mile from the interchange of US Rte. 1 and College Rd., plac- ing it within minutes of Princ- eton University and downtown. Bergman Real Estate Group spearheaded a multi- million-dollar capital im- provement campaign in 2021, shortly after acquiring the building. The campaign in- cluded a newly redesigned four-story atrium lobby and major upgrades through all common areas. A full-service café with new equipment and furniture, an upgraded fitness center with locker rooms and showers, a lounge and game room with pool and shuffleboard tables, and a new tenant conference center were part of the capital im- provement program as well. Recreational walking paths and a bike program are also
“Our modernization of the facility has led to tremen- dous tenant retention and the signing of 12 new tenant leases totaling 70,000 s/f,” Bergman said. According to Bergman, the firm received TOBY Awards the last two years. In 2022, Bergman received a TOBY Award for 201 West Passaic Street/Sherbrooke Office Cen- ter II, a 65,000 s/f, four-story of- fice building located in Rochelle Park, New Jersey. The firm received a TOBY for Century Campus, a three-building office park comprising a 280,000- s/f campus in Parsippany, New Jersey, in 2021. “Our team remains commit- ted to servicing our tenants with excellent management and forward-thinking vision for each property,” Bergman said. MAREJ
500 College Road East
Awards Celebration, held at the Pleasantdale Chateau in West Orange. Robin Juron , senior property manager, accepted the award on behalf of Bergman Real Estate Group. “To receive a TOBY Award is a high honor in our industry,” Juron said. “It’s a welcome re- minder that we’re succeeding at our mission to deliver the best-in-class office properties
in highly desirable locations throughout New Jersey.” Juron recognized the entire Bergman team, as well as the general contractor, Phoenix Construction , and the de- signers involved in the project, including Ware Macomb, CFI Furniture, and Corporate Art , whose collective visions truly transformed the building. The 4-story office building at
NAI James E. Hanson brokers lease to relocate healthcare provider to East Windsor
AvalonBay celebrated the grand opening of Avalon Princeton Circle
EAST WINDSOR, NJ — NAI James E. Hanson has negotiated the lease of a 3,761 s/f medical space in the East Windsor Medical Campus at 300B Princeton Hightstown Rd., Suite 202 in East Wind- sor. NAI James E. Hanson’s Team Lizzack-Horning com- prised of Darren Lizzack, MSRE, and Randy Horn- ing, MSRE represented the tenant Restore First Health NJ LLC and NAI Mertz rep- resented the landlord Princ- eton 300B Holdings LLC in the transaction. Restore Health NJ’s, a specialized medical prac- tice focused on a mobile, advanced chronic wound therapy, previously occupied a space located in Cranbury. that was its first NJ office. East Windsor sits approxi- mately four miles away from Cranbury, which allows for a seamless adjustment for its existing patients. Restore First Health has five additional offices located in GA. East Windsor Medical Cam- pus, a Class A Medical office complex, offers excellent ac- cess to the NJ Turnpike, NJ 130 and Rte. 33 Bypass. The campus also features a well- established medical tenant
Shown from Left to right in the photo: Back row: Tom Rudy, Glenwood King, Larry Bennett, Evan Fox, As- semblyman Daniel Benson, Princeton Business Administrator Ber- nard Hvozdovic Jr., Leighton Newlin, Matthew Giammanco, Albert Hromin, Jason Morris, Tom Holahan; Center row: Natalie Pla, Ta- tiana Sivak, Leticia Fraga, Eve Niedergang; Front row: Mayor Mark Freda, Ron Ladell, Mia Sacks."
300B Princeton Hightstown Road, Suite 202
roster including Penn Medi- cine, Windsor Radiology, Ad- voCare Pediatrics, Princeton Windsor Internal Medicine and Princeton Rejuvenation. “After outgrowing their ini- tial space rather quickly since they entered New Jersey in January 2023, Restore Health NJ was in need of a new medi- cal space for its practice,” said Horning. “We are very pleased to help Restore First Health NJ continue to grow and pro- vide the community with in- demand healthcare services.” Tenants of East Windsor Medical Campus enjoy desir-
able demographics within a 10-mile radius of the location with 33% of the population 55 years old or older, and 80% of the total population having at least one insurance plan. Five major regional hospi- tals are situated within 26 miles of East Windsor Medi- cal Campus. Penn Medicine’s Princeton Medical Center and RWJ Hamilton are both within 10 miles of the campus, while Capital Health Medical Center is 15.6 miles away, RWJ New Brunswick is 18.4 miles away and Central State Hospital is 25.8 miles away. MAREJ
PRINCETON, NJ — Ava- lonBay Communities re- cently celebrated the grand opening of Avalon Princeton Circle, the latest addition to their Central New Jersey portfolio, to the fanfare of over 110 guests including local municipal officials, AvalonBay executives, and associates. The ribbon was cut, and the celebration continued with speeches from Ron Ladell , AvalonBay senior VP May- or Mark Freda and Matt
Giammanco , AvalonBay senior development director. Nestled in a wooded set- ting off of Terhune Road, the Avalon Princeton Circle site was transformed from two out- dated, obsolete office buildings into a beautifully appointed multifamily rental commu- nity with a mix of unit types, including rental townhomes with integral garages and apartment homes of various bedroom sizes across multiple buildings. MAREJ
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