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Deals & Dealmakers

Woodmont Properties adds pharma leader to roster at 400 Alexander Park

Woodmont Properties announced that a global pharmaceutical company has a signed a 36,600 s/f lease at 400 Alexander Park, an office building in West Windsor Township, NJ, which was recently renovated to attain LEED certification.

400 Alexander Park will serve as U.S. headquarters for this global company, which focuses on acquiring, developing and licensing products primarily in cardiovascular, pain and other specialty areas.

The tenant, which will occupy the third and fourth floors of the building, was represented by Scott Crumley of Tactix Real Estate Advisors, LLC, while Woodmont Properties was represented by Steve Tolkach, Adam Silver and John Calvo of Newmark Grubb Knight Frank.

Recently, Woodmont Properties initiated an $11-million capital improvement program at 400 Alexander, implementing a number of upgrades that have enhanced the overall energy performance of the property as it works toward LEED certification.

400 Alexander Park
400 Alexander Park

The renovations include the addition of a new curtainwall system; a redesign of the lobby and all of the building’s core areas including elevators and restrooms; and the installation of new mechanical, electrical and energy efficient heating and air conditioning equipment.

“With everything from its floors to its façade having been upgraded with sustainable and environmentally friendly materials, 400 Alexander is essentially a brand new building,” said Eric Witmondt, chief executive officer of Woodmont Properties.

“In addition to the modernization of the property, the company was drawn to the boutique building’s smaller floor plates and higher window ratio, which allow more natural light to fill the space. We look forward to building a long-term relationship with our newest tenant.”

Situated in one of the Princeton area’s premiere office parks, 400 Alexander is within three miles of downtown Princeton and Princeton University, and is located a half-mile from the Princeton Junction train station, which provides access to NJ Transit and Amtrak trains to NY Penn Station, Philadelphia and Washington D.C.

The property, which currently has 35,000 square feet of space available for lease, is a half-mile off of Route 1, and is in close proximity to the New Jersey Turnpike, Interstate 105, Interstate 295 and Route 130.

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