New Jersey Squash Club has joined the surge in recreation-focused companies leasing space at a New Jersey industrial/flex property.
The squash training facility will occupy 5,000 s/f at 11 Princess Road, one of four buildings that constitute Princeton South at Lawrenceville.
Transwestern managing director Jeffrey Furey and senior associate Alex Motiuk represented New Jersey Squash Club and the property’s owner, TMC Properties LLC.
According to Transwestern research, from 2014 to 2016, twice as many recreational users moved into flex and warehouse space than in the previous three years.
“As New Jersey’s industrial market continues to evolve, we’re seeing a marked uptick in the number of recreation users attracted to the large, open spaces and high ceilings that a warehouse and flex building can provide,” Furey said.
“With space that can be divided into virtually any configuration, Princeton South at Lawrenceville is an ideal location for this type of tenant.”
Founded by world-renowned squash player Lefika Ragontse, New Jersey Squash Club is a membership-based club that will include four squash courts and a state-of-the-art weight room/fitness area.