Cushman & Wakefield announced that United Silicon Carbide, a leading manufacturer of silicon carbide power semiconductors, has taken 11,200 square feet of first-floor office space at 650 College Road E. in Princeton.
The leasing team of Todd Elfand, Kevin Carton, Paul Giannone and Joe Vacca, based in the commercial real estate firm’s Iselin office, represented the landlord, Nuveen Real Estate, in brokering the lease. John Buckley and Jon Compitello of Jones Lang LaSalle represented the tenant.
“UnitedSiC was looking for space with a Class A environment and easy access to major highways,” Elfand said in a statement prepared by Cushman & Wakefield. “The property’s picturesque setting and upgraded amenities, coupled with Nuveen’s ability to complete the transaction during the COVID-19 pandemic, made 650 College Road East a great option.”
Nuveen has partnered with a local developer to reposition the asset by updating the common areas and amenities at the 168,000-square-foot property. The site features a dramatic 60-foot glass atrium and outdoor courtyard with a seating area and private patio, as well as a new café and conference facility in its sister building at 600 College Road East.
Cushman & Wakefield continues to market the remaining 58,121 square feet at 650 College Road East and can assemble approximately 70,000 square feet of contiguous space at 600 College Road. The campus is located within Princeton University’s 2,000-acre master-planned business/research campus.