Big year for Bergman Real Estate at 500 College Road East

PRINCETON, N.J., January 27, 2025 – JLL announced it has completed over 60,000 square feet of leasing in multiple transactions during 2024 at 500 College Road East, a 160,000-square-foot Class A office building located within the prestigious Princeton Forrestal Center in Princeton, New Jersey.

JLL serves as exclusive leasing agent for the property and represented owner Bergman Real Estate Group in the transactions. Bergman recently completed a major renovation focused on health, wellness and sustainability. Upgrades to the four-story building included an overhaul of all mechanical systems, the addition of energy-efficient HVAC equipment, new LED lighting, updated landscaping and outdoor seating areas, and a bike-share program that allows tenants to take advantage of the surrounding trails.

The building’s renovations included new amenities such as an advanced fitness center with showers and locker rooms, a shared conference center, an expanded full-service café, and a game room with shuffleboard and billiards tables. Rooftop solar panels were installed, and electric vehicle charging stations are also planned.

“Today’s office tenants continue to seek the type of differentiated space we are committed to providing at 500 College Road East,” said Michael Bergman, President and CEO of Bergman Real Estate Group. “The leasing momentum we have enjoyed across 2024 reflects ongoing trends towards well-located, highly amenitized office space and we look forward to continuing to meet the needs of those tenants as we move into the New Year and beyond.”

Notable transactions completed at 500 College Road East in recent months include Deloitte’s recommitment to a long-term renewal. Deloitte has been an occupant at the building since 2010 and has just completed construction of a fully-renovated, modern workspace to house their employees at 500 College Road East.

NetElixir, a digital marketing agency will relocate to 500 College Road East from 3 Independence Way in Princeton in Q1, 2025. The tenant was represented by Ed Duanas, Ryan DePaul and Dan Desanctis of Cushman & Wakefield.

Kyocera Document Solutions America, Inc. also signed a new lease. A division of Japan’s Kyocera Corporation focused on transforming information management, the company was represented by CBRE’s Peter Shikar.

Macleods Pharma USA Limited will relocate from 103 College Road East to also join the tenant roster. JLL Executive Director Vinny DiMeglio represented the tenant. Fast-growing pharma tech firm ProcDNA leased space at the property as part of its continued expansion.

Ranked one of the fastest-growing private companies in America, ProcDNA was represented by Brody Todd from Cushman & Wakefield.

And, longtime tenant Dale Carnegie, a global organization providing professional development courses in 3 languages across 80 countries, signed a renewal for its office space at the building. They were represented by Pat Dintrone and Jerry Fennelly of NAI Fennelly.

The transactions coincide with the move-in of Accurant Biotech, Inc., which last year signed a long term lease for 26,566 square feet of lab and office space.

JLL’s DiMeglio and Vice President Erin Moran represented Bergman in all of the transactions. Said DiMeglio, “Bergman Real Estate Group has been a tremendous steward of 500 College Road East and their astute investment in further elevating its premium corporate amenities and modern design is an effective strategy to attract long-term occupants, command higher rents and enhance the property's overall value.”

500 College Road East is situated within the 2,200-acre Princeton Forrestal Center, a master-planned, mixed use development community that is home to more than 175 businesses and numerous mixed-uses including academic, research, office, residential, hotels, conference centers, retail and dining facilities all surrounded by over 700 acres of preserved open space and extensive car parking.

The property features multiple transportation options and proximity to Interstates 95, 295 and Route 206, 500 College Road East, making it easily accessible to Manhattan, Philadelphia and Washington D.C. New Jersey Transit’s Princeton Junction train station is minutes away, providing both NJ Transit service and Amtrak service on the Northeast corridor line, and both Newark Liberty International and Philadelphia International airports are within a one-hour drive.

JLL is a leader in the New York tri-state commercial real estate market, with more than 4,800 of the most recognized industry experts offering brokerage, capital markets, property/facilities management, consulting, and project and development services.

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