22 Jul 2021
This site has been created for exclusive use by institutional investors only and does not take into account investment objectives, financial situation or specific needs of any individual investor. Information should not be the sole basis for any investment decision.
If you are not an institutional client, consultant or financial professional and are looking for more information about mutual funds and other products at Nuveen, please visit our site at www.nuveen.com.
Past performance is not a guarantee of future performance. All investments involve some degree of risk including loss of principal. Investment objectives may not be met.
By agreeing you are confirming you are being truthful, acknowledging you have read the information above and accept the terms and conditions set out with this site and meeting the intended audience requirement for this site. Not all content on this site is appropriate or applicable for the general public and we cannot guarantee consequences with the use of this information by unauthorized or unintended users. Content on this site may not be redistributed and is for informational purposes only and does not constitute investment advice or provide a solicitation of an offer to buy any security.
Real estate news
Nuveen Real Estate Retains Top Architecture Firm, Ware Malcomb, for Redesign of Princeton Point
Renovation of office campus, formerly known as 600 and 650 College Road, emphasizes health, wellness, and hospitality with modern aesthetic and biophilic accents.
Nuveen Real Estate, one of the largest real estate managers globally with approximately $134 billion of assets under management, has retained internationally renowned architecture firm Ware Malcomb for the re-visioning of Princeton Point. The 440,000-square-foot office complex, formerly known as 600 and 650 College Road, is located in the heart of the Princeton Forrestal Center campus.
“We are always seeking ways to develop exceptional spaces for our tenants and differentiate our properties,” said Ines Olesen, Director of New York Investments at Nuveen Real Estate. “How people view and utilize the office has changed drastically over the past year and our renovations at Princeton Point are being done with those changes in mind. As we look to the future, we are thrilled to partner with the architects at Ware Malcomb to reinvigorate office life and provide our tenants with hospitality-driven work environments that foster flexibility and productivity.”
Design plans for the circa 1983 and 1999 buildings include distinct lobby and common area furniture selections that will provide both a cohesive aesthetic and seamless tenant experience. To emphasize the height of the atrium spaces, the Ware Malcomb design team is introducing dramatic lighting fixtures in each of the lobbies. Other enhancements encompass hospitality-inspired amenities, such as common area spaces for tenant use outside of designated offices.
“Ware Malcomb is proud to be part of the Princeton Point campus revitalization,” said Marlyn Zucosky, Associate AIA, Director, Interior Architecture & Design at Ware Malcomb. “Our designs focus on maximizing the long-term real estate value of the office properties and creating a desirable campus environment to attract new occupants and enhance the existing tenant experience.”
At the 600 College Road building, the design team is creating a lobby area directly beneath the three-story atrium to establish a centrally positioned, fresh focal point. The dramatic lighting will also deliver an elegant entry impression to further draw people into the space.
At 650 College Road, the overall design aesthetic offers a Scandinavian modern feel, fusing lighter woods with oak tones. New colors and materials will accentuate the existing pink stone in the space, including a vibrant pattern in the tile layout selection. To achieve the goal of bringing nature inside, green walls composed of attractive preserved moss are incorporated into the design to provide biophilic benefits and promote occupant well-being, along with a connection to the verdant trails that surround the buildings.
The redesigned tenant cafés in each building include expanded outdoor seating. Inside, built-in booths around the perimeters of the interior spaces will double as mini conference rooms or break-out spaces. The refreshed café spaces will be available throughout the day for overflow conference areas and impromptu meetings. Both areas, which for years had been limited to breakfast and lunch use, will now be multi-functional for tenants and guests to utilize at their convenience, serving as all-day amenities.
Located within Princeton University's bucolic 2,000-acre master-planned business/research campus, the buildings also feature furnished, private patios surrounded by forests, offering easy access to walking, jogging and biking trails. The complex boasts a tenant roster that includes State Street Bank, BT Americas, RCN/ Patriot Media, Saul Ewing Arnstein & Lehr, Axens NA, Coface, UnitedSiC, and Hamilton & Company. Tenant occupancy at Princeton Point currently averages at 75 percent.
Princeton Point also offers immediate access to Route 1 and downtown Princeton, with close proximity to Newark Liberty International Airport, Princeton Junction Commuter Rail, retail stores, restaurants, and hotels at the Forrestal Center.