princeton new jersey - loopnet...1600 amp electrical service with service transformer. the building...
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PRINCETON NEW JERSEY
FORRESTAL ROAD SOUTH8MEDICAL OFFICE BUILDING
FOR LEASE
AT THE EPICENTER OF ONE OF THE MOST DISTINCTIVE LOCATIONS IN THE NORTHEAST 8
James Forrestal Campus of
10 Forrestal Road South
Discovery Years Child Care & VCARE Adult Care Centers
SCUDDERS MILL ROAD
FORRESTAL ROAD
ACROSS FROM PENN MEDICINE PRINCETON
MEDICAL CENTER
8
PRESTIGIOUS HEALTH CARE AND NATIONALLY RECOGNIZED NEIGHBORING TENANTS
Penn Medicine Princeton HealthPrinceton Health is one of the most comprehensive healthcare
systems in New Jersey, providing acute care hospital services
through Princeton Medical Center; behavioral healthcare through
Princeton House Behavioral Health; in-home nursing, rehabilitation
and hospice care through Princeton HomeCare; primary and
specialty care through Princeton Medicine Physicians; ambulatory
surgery and wellness services.
CHOP Specialty Care CenterIn 2015, The Children’s Hospital of Philadelphia opened its CHOP
Specialty Care Center in Plainsboro, NJ.
The 25,000-square-foot specialty care center is on the campus of the
University Medical Center of Princeton in Plainsboro. It was built as a
replacement facility for a now closed 10,000-square-foot, 8-year-old
center CHOP had operated in leased space about three miles away.
CHOP owns the property where the new center was built.
The one-story structure was designed so it can be expanded to
100,000 square feet based on demand.
Cooper MedicalCooper University Health Care is the leading academic health
system in South Jersey. Cooper includes South Jersey’s only Level
I trauma center (Cooper University Hospital), a leading cancer
center (MD Anderson Cancer Center at Cooper), the only Level II
pediatric trauma center in the Delaware Valley (Children’s Regional
Hospital), one of the largest physicians group in the region,
four urgent care centers, and more than 100 outpatient offices
throughout South Jersey and Pennsylvania.
Princeton University’s Forrestal CampusPrinceton University’s Forrestal Campus is home to 180 Businesses
ranging from start-ups to multi-national corporations including:
• Financial
• Life Sciences
• Biotechnology
• Architectural and Engineering Firms
• Legal
• Pharmaceuticals
• Energy
• Communications and IT
• Philanthropic Foundations
Einstein’s AlleyEinstein’s Alley is a private, non-profit economic development
initiative located in Central New Jersey. Its mission is to foster
economic growth through advocacy and delivery of services that will:
• Help build an entrepreneurship ecosystem
• Help promote R&D advantage to attract and retain innovative
research based companies
• Encourage the growth of knowledge based jobs and services
and support workforce for the future
• Help promote livable communities and sustainable
development
LifeTime AthleticLife Time remains committed to championing a healthy and happy
life for its members through a portfolio of unparalleled athletic
lifestyle resorts that go beyond fitness to encompass the entire
spectrum of daily life for individuals, couples and families of all ages.
ADDRESS: 8 Forrestal Road
CITY: Plainsboro
SUBMARKET: Princeton
PROPERTY TYPE: Office
RBA: 40,000 SF
TYPICAL FLOOR: 20,000 SF
BUILDING CLASS: A
YEAR BUILT: Ground Breaking - Spring 2020
MAX STORIES: 2
LAND AREA: 5.33 AC
PARKING TYPE: 200 Surface Spaces are available
PARKING RATIO: 5.03/1,000 SF
ELECTRICAL: Service: 480/277-volt underground 1600 amp electrical service with service transformer. The building features two (2) 4” conduits for telephone service into the main electric room, corridor and lobby lighting, emergency lighting, and fire alarm & sprinkler system. Tenant responsible for addressable system wired to base building panel. No tenant lighting systems included.
HVAC: Duct distribution and VAV supply and installation will take place as part of the tenant fit-out scope with exception of core areas to be completed with shell (supply allowance for VAVs listed as an alternate). The system is controlled by BMS (Building Management System) and is BACnet compatible. The system is designed to handle general capacity; however, certain applications will require additional systems and capacities not figured at this time (MRI, CT, surgical suites humidification, HEPA filtering, ducted returns, etc.).
PROPERTY DESCRIPTION LEASING TERMS• $27.00 NNN + CAM
• $55 PSF Landlord Tenant Improvement Contribution
• Flexible Floorplates: 5,000 - 40,000 RSF
• 2 Story - 20,000 SF Floor Plates
• Parking: 200 Surface Spaces - 5.03/1000 SF
• Delivering 2020
SITE PLAN FLOOR PLANS
FIRST FLOOR PLAN
8 FORRESTAL ROAD SOUTH
40,000 SF
SECOND FLOOR PLAN
FORRESTAL ROAD SOUTH
TENANT SPACE 19,760 SF
TENANT SPACE 20,190 SF
OPEN LOBBY 430 SF
HIGH END FINISHES
8 FORRESTAL ROAD SOUTH IS LOCATED IN PRINCETON FORRESTAL CENTER
Princeton Forrestal CenterPrinceton Forrestal Center is a master-planned mixed use community of office, research, hotel, residential, retail open space and recreational uses that are visually intertwined by high architectural design standards.
Corporate and Institutional ResidentsHome to over 175 businesses, Princeton Forrestal Center attracts some of the most prestigious and respected companies in the world, ranging from multinationals to start-ups. Businesses include institutions, government organizations, private research and development firms.
• Health Services• Financial Services• Life Sciences• Biotechnology• Architectural Firms• Legal Services
• Pharmaceuticals• Energy Services• Communications• Logistics• Philanthropic Foundations
Our center provides businesses with a carefully designed environment that is conducive to productivity, creativity, innovation and success.
Anatomy of the Center• 2,200+ contiguous acres of mixed uses• 7+ million square feet of development built• ±175 businesses with ±15,000 employees• ±1.5 billion in tax ratable real estate• Academic and research nodes• 700+ acres of preserved open space with mature trees• 1,000+ residential unites including single family, condos, townhouses,
apartments, age-restricted, assisted living and nursing home• 6 hotels totaling 1,200+ rooms• Conference centers• Central village hub with retail, dining and services• A network of scenic trails, walkways and bicycle paths• Multiple day care centers• Fitness center and spa• Recreational sports leagues for business residents• Local mass transit bus/rail services• Regional stormwater management performed on a sustainable wide-
scale basis
37,073TOTAL HOUSEHOLDS
347,200TOTAL HOUSEHOLDS
103,923TOTAL POPULATION
967,668TOTAL POPULATION
$172,2942018 AVERAGE
HOUSEHOLD INCOME
$124,2472018 AVERAGE
HOUSEHOLD INCOME
AREA DEMOGRAPHICS
5 MILE RADIUS
15 MILE RADIUS
Princeton AreaPrinceton covers an area of 18.1 square miles in the heart of central New Jersey. A community of approximately 30,000 residents who live in tree-lined neighborhoods and home to Princeton University, the state’s Ivy League home to scientists, scholars and scribes. Princeton is an incubator for the arts with The McCarter Theatre Center, winner of a Tony Award for the best regional theater in the country, Morven Museum and Garden and Live music acts perform in restaurants, pubs and coffee houses throughout town.
Downtown Princeton features a wide variety of retail outlets — Nassau Street, the main road through town, is lined with shops, restaurants and entertainment spots. Free transit shuttles also connect larger grocery stores and retail centers in and around Princeton. Princeton’s cosmopolitan community ensures a mix of Asian, Middle Eastern, Mediterranean, Latin American and other cuisines, from noodle houses, sandwich shops and gourmet ice cream to farm-to-table fine dining and seasonal farmers markets.
Recreation facilities are numerous and provide community recreation facilities including a large pool complex, tennis and paddle tennis courts, athletic playing fields and various parks and playgrounds with jogging trails that line the Delaware & Raritan Canal, canoeing on Lake Carnegie, and biking and hiking on trails throughout the region. The beaches of the Jersey Shore and Pennsylvania’s ski mountains are also just a short road trip away.
Plainsboro AreaPlainsboro Township is a highly desirable community of 23,000 people that has successfully balanced economic growth and open space preservation. Home to renowned corporations and award-winning schools, Plainsboro residents enjoy an exceptional quality of life. Recognized by New Jersey Monthly magazine as one of the top 10 “Best Places to Live” in New Jersey, Plainsboro is one of new Jersey’s premier suburban communities.
The township’s thoughtful planning has resulted in a strong economic base, the preservation of over 50% of the township’s land as open space, and diverse housing that provide a variety of choices. Plainsboro Village, the original settlement in the Township with buildings dating from the 18th Century, is benefiting from controlled growth that is guided by the Plainsboro Village Area Master Plan. The Plan calls for the preservation of the Village’s historic character while introducing appropriate and attractive commercial and residential development to help the Village become the center of community life.
Plainsboro’s public parks provide for both active and passive recreational pursuits. The jewel is the 1,000 acre Plainsboro Preserve which includes a 50-acre lake, walking trails, valuable wetlands and large wooded areas, with an abundance of natural habitats for plants, animals and migratory birds. The 6,500 square foot environmental education center, managed by New Jersey Audubon, offers many nature and environmental programs.
18,548TOTAL HOUSEHOLDS
146,494TOTAL HOUSEHOLDS
52,437TOTAL POPULATION
397,467TOTAL POPULATION
$160,2812018 AVERAGE
HOUSEHOLD INCOME
$144,4422018 AVERAGE
HOUSEHOLD INCOME
3 MILE RADIUS
10 MILE RADIUS
THE PRINCETON/PLAINSBORO AREA
8 FORRESTAL ROAD SOUTH IS SITUATED JUST MINUTES FROM DOWNTOWN
PRINCETON AND PLAINSBORO CENTER
The Princeton / Plainsboro area has a lot to offer its workers, residents and visitors. It is just an hour away from New York City, Philadelphia and
the shoreline, but no travel is necessary to enjoy a multitude of shops, restaurants and multi-cultural events. Nassau Street, McCarter Theatre,
Grounds for Sculpture, Arm & Hammer Park and the Cure Insurance Arena are all located within a short drive of 777 Scudders Mill Road.
19 Restaurants within 1 mile of the campus.
A new LifeTime Athletic flagship fitness center is located just 1/4 mile from the entrance. Eleven other local fitness /wellness centers, spas
and yoga studios are nearby.
One of a kind boutique shops, and a nearby mall offer abundant shopping.
RESTAURANTS1 Ruth’s Chris Steak House
2 Salt Creek Grille
3 Teriyaki Boy
4 Valentino’s Pizza
5 Joey G's Deli
6 Forrestal Grille
7 Flight Martini and Wine Lounge
8 Romeos Ristorante
9 Lotus Garden
10 Mexican Post
11 Panera Bread
12 Five Guys
13 Jhopri
14 Papa John’s
15 Casa Rosarias
16 Shanghai Bun
17 Asian Bistro
18 Sultan Wok and Sushi
BANKS1 1st Constitution
2 Bank of America
3 Citizens Bank
4 PNC Bank
5 Santander
TRANSIT1 777 Scudders Mill Road Bus stop
2 Princeton Junction Train station
MAP & AMENITIES
FITNESS, YOGA, WELLNESS1 LifeTime Fitness
2 Planet Fitness
3 Princeton Fitness & Wellness
4 Hot Yoga Plainsboro
5 Yoga Soul
6 New Jersey Athletic Club
7 SEVENSOL Group Fitness
8 Orange Theory
9 Dillon Gym
10 Retro Fitness
HOTELS/CONFERENCE CENTERS1 Westin
2 Princeton Marriott at Forrestal
3 Homewood Suites
4 Courtyard by Marriott
5 Holiday Inn
6 Crowne Plaza Princeton
7 Hyatt Regency
DAY CARE1 Bright Horizons
2 Lightbridge Academy
3 New Horizons
4 Loving Kids Care
Downtown Princeton
College Road E
ast
Scudders Mill Road
Alexander RoadPlainsboro
Center
PrincetonForrestal
Village
PrincetonForrestal
Center8
NEIGHBORINGHOSPITALS
8 Forrestal Road is centrally located between 3 large hospital facilities along the Rt. 1 corridor in Princeton, New Jersey. To the South, off of I-295 on Scotch Road is Capital Health Medical Center in Hopewell, a 145 private bed, short term acute care facility which is part of the Capital Health System. Ewing Township, Trenton and Lawrence Township represent the largest concentration of patients admitted to Capital Health.
8 Forrestal Road is located on the opposite side of Scudders Mill Road, immediate to the campus of Penn Princeton Medical Center. Penn Princeton is a 341 bed, short term acute care hospital affiliated with the University of Pennsylvania Health System. Princeton, East Windsor, Cranbury, Hightstown and Monroe Township represent the largest concentration of patients admitted to Penn Princeton. In addition, Children’s Hospital of Philadelphia has a 25,000 SF Specialty Care facility on the campus of Penn Princeton.
Robert Wood Johnson University Hospital (RWJUH) New Brunswick, is a 610 bed short term acute care hospital and academic medical center which is part of the RWJBarnabus Health System and includes the 100 bed Bristol Myers Squibb Children’s Hospital. South, East and North Brunswick, Monroe Township, Franklin Township and Bridgewater represent the largest concentration of patients admitted to Robert Wood Johnson University Hospital.
Copyright © 2012 Colliers International
5
Miles
N
LOCAL HOSPITALSAddress Name
1 1 Robert Wood Johnson Place New Brunswick
Robert Wood Johnson Hospital
2 1 Plainsboro Rd Plainsboro Twp
Penn Medicine Princeton
3 1 Capital WayPennington
Capital Health Medical Center
MOB OPPORTUNITY8 Forrestal Rd Princeton, NJ
2
3
1
CAPITAL HEALTH MEDICAL CENTER
PENN MEDICINE PRINCETON
ROBERT WOOD JOHNSONHOSPITAL
AREA MAP
LAWRENCEVILLE
PRINCETON
PRINCETONJUNCTION
MONMOUTHJUNCTION
DAYTON
8
Long Island Sound
Raritan Bay
Great South Bay
Atlantic Ocean
GLOUCESTER
MOORESTOWN
JACKSON
TRENTON
RED BANKPRINCETON
EDISON
MORRISTOWN
EASTON
ALLENTOWN
READING
WEST CHESTER
PARSIPPANY
NEWARK
NEW YORK CITY
PHILADELPHIA
NEW YORKPENNSYLVANIA
NEW JERSEY
8
REGIONAL MAP
BOTH PRINCETON AND PLAINSBORO ENJOY A CENTRAL NEW JERSEY LOCATION OFFERING A TRANSIT NETWORK THAT PUT IT A QUICK TRAIN RIDE AWAY
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