500 College Road East in Plainsboro — Courtesy: Bergman Real Estate Group
(Editor’s note: This story was updated Wednesday, May 31, with additional information from Bergman Real Estate Group.)
By Joshua Burd
A contract research organization has leased nearly 27,000 square feet of office space in Plainsboro, in a newly announced deal by Commercial Property Network Inc.
Currently based in Cranbury, Accurant Biotech Inc. is slated to move in August to its new home at 500 College Road East, according to a news release. The firm, which provides biological analysis for global pharmaceutical and biotech companies, is taking 26,566 square feet on the first floor of the 160,000-square-foot building.
CPN Senior Vice President Al Toto represented the tenant in the 10-year lease with Bergman Real Estate Group, while JLL’s Vinny DiMeglio and Erin Moran represented ownership.
“Accurant Biotech’s expansion to 500 College Road East is a reminder that modern businesses are prioritizing office spaces with advanced services and amenities that provide an inspiring work environment, which improves employee morale and recruiting efforts,” said Michael Bergman, CEO and president of Bergman Real Estate Group. “We expect additional interest in the property from leading firms in life sciences, computer technology, pharmaceutical, finance and other sectors in which employees and employers alike demand the high-quality facilities available at 500 College Road East.”
According to the Woodbridge-based landlord and its leasing team, Accurant is slated to take occupancy in August. The company is expanding to the building from its current home in nearby East Windsor.
“They love the cache of having a Princeton address and at the same time and they wanted to be in a building that offers a wide array of amenities that they could provide to their staff, thanks to Bergman’s recent $4 million capital improvement,” DiMeglio said. “When it comes to attracting new tenants, amenities are vital for recruitment.”
The deal follows Bergman’s 2021 acquisition of the four-story building in partnership with Hornig Capital Partners. The firm has updated the property with an advanced fitness center with showers and locker rooms, a shared conference center, an expanded full-service café, a game room with shuffleboard and billiards tables and a bikeshare program.
Bergman has also installed rooftop solar panels and expects to add electric vehicle charging stations.
“Our relocation to 500 College Road, with its extensive amenities offered and prestige of the location provides us the opportunity to expand and modernize our workspace, attract and retain the best talent and continue to provide the innovation our firm is known for,” said Dongbei Li, Accurant’s co-founder and U.S. site head.
