Argent Ventures completes 176,000 SF lease with Blackrock at 1 University Square Dr. in Princeton, N.J.
JLL represents landlord and tenant in early renewal and extension
PRINCETON, N.J., Jan. 21, 2025 – JLL announced today it has completed a 176,000-square-foot lease extension for Blackrock at Argent Ventures’ 1 University Square Dr. in Princeton, New Jersey.
As part of the transaction, Blackrock extended its obligation for the entire third and fourth floors, partial fifth floor, and ground floor space, while Argent Ventures recaptured half of the fifth floor. Blackrock has been a tenant in the building since 2010.
University Square is a five-story, 330,000-square-foot Class A office building featuring a two-story atrium lobby, full-service cafeteria with private catering, large media/conference room and state-of-the-art fitness center with locker rooms and sauna. Amenities on the expansive 18.5-acre campus include newly revamped landscaping with walking trail, bocce, basketball and pickleball courts, electric car charging stations and community garden. The property has a tenant engagement manager who activates amenities and organizes tenant events such as tastings from on-site honeybees, holiday events, free coffee and donuts, and pickleball tournaments.
Completed in 2008, the property is located equidistant to Philadelphia and New York City along Princeton’s Route 1 Corridor. It stands less than two miles from downtown Princeton as well as the Princeton Junction train station with AMTRACK/NJ Transit/Conrail serving the Northeast corridor from Washington, D.C. to Boston.
The JLL leasing team for 1 University Square Place includes Executive Managing Director Tim Greiner, Managing Director Tom Romano, Senior Vice President Vinny DiMeglio, Vice President Mike Pietrowicz and Executive Vice President Jonathan Ortiz. Blackrock was represented in the transaction by JLL Chairman and President, New York Region, Peter Riguardi, Vice Chairman Matt Astrachan, Managing Director Nicole Tiger, Executive Vice President George Gemelos and Associate Vice President Hannah Bernstein.
“This is an ideally located property with market-leading indoor and outdoor amenities that support employer efforts to attract top talent to the office,” said Greiner. “The building is positioned to promote collaboration and innovation with easy access to numerous outdoor recreation experiences.”
In addition to the partial fifth floor that becomes available in the summer of 2025, the full second floor and 13,000 square feet on the first floor are currently available. Other tenants in the building include engineering and environmental services firm Langan and investment consulting firm Mercer.
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For over 200 years, JLL (NYSE: JLL), a leading global commercial real estate and investment management company, has helped clients buy, build, occupy, manage and invest in a variety of commercial, industrial, hotel, residential and retail properties. A Fortune 500® company with annual revenue of $20.8 billion and operations in over 80 countries around the world, our more than 111,000 employees bring the power of a global platform combined with local expertise. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAYSM. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.