CBRE Group Inc. Completes Major Lease At 7 Roszel Road in Princeton, N.J.
Class A Trophy Asset with Premier Amenities Retains Berlitz Headquarters in Princeton
PRINCETON, N.J. (January 27, 2014)– CBRE Group Inc., New Jersey’s largest commercial real estate brokerage firm, today announced the completion of a 78,296 sq. ft. office lease transaction at 7 Roszel Road in Princeton, N.J.
The CBRE team of Adam Englander, vice president, and Carolyn Sica, senior vice president, represented the tenant, Berlitz Corporation, while the landlord, John Hancock Life Insurance Company, was represented in-house.
Berlitz Corporation, a global leadership training and language education company, is relocating from 400 Alexander Park in Princeton, N.J. to 7 Roszel Road, a Class-A, five-story building comprised of 191,410 sq. ft. This office will serve as the U.S. Corporate Headquarters for Berlitz and its two operating entities, Berlitz Language Schools and ELS Educational Services.
“In order to lease this space directly with the landlord, we were able to make an agreement with another tenant to reduce its space in a separate transaction, allowing Berlitz to lease the necessary amount of space,” said Mr. Englander. “We were determined to secure this location for Berlitz as they felt this building offered the perfect mix of amenities while allowing them to keep its headquarters in Princeton.”
The office building is part of The Commons, a 300,000 sq. ft. complex consisting of two multi-story buildings that are separated by an architecturally significant English garden-style courtyard. The 25-acre site is located within a short walk of the 350-room Hyatt Regency Hotel and Conference Center at the full four-way interchange of Alexander Road and Route 1. The site provides easy access to the New Jersey Turnpike, Newark and Philadelphia International Airports, as well as a host of hotels, restaurants, and shopping along the Route 1 corridor.
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (in terms of 2012 revenue). The Company has approximately 37,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 300 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. Please visit our website at www.cbre.com.