Colliers International New Jersey has arranged a long-term, 14,515-square-foot lease for Essential Power Services, LLC at 150 College Road West in Princeton, New Jersey. This location will serve as headquarters for the company, which required a significant space increase to accommodate its growth.
Essential Power Services, LLC markets and sells capacity, energy, and ancillary services from its portfolio of generation projects located in established, competitive wholesale electricity markets. The company is currently located in Iselin.
“Essential Power Services is an established New Jersey company that had outgrown its current location and was looking for a property in Princeton,” said Ward Greer, a Senior Managing Director with Colliers International, who represented the tenant in the transaction. Colliers International Senior Managing Director Marvin Rosenberg, who also represented the tenant, added that 150 College Road West is in close proximity to downtown Princeton off of Route 1, providing Essential Power with an ideal location to support its Central New Jersey operation.
The building is owned by 100 & 150 College Road West Holdings. Aubrey Haines, of Mercer Oak Realty, represented the landlord in the transaction.
150 College Road West is a 70,850-square-foot building located in the two-building Forrestal Greene Corporate Park, one of the only Class A mixed-use environments on the Route 1 corridor. A Gallery Café and gym are on site, with additional retail, dining, and hospitality services within walking distance. Other tenants in the complex include Novo Nordisk and Onyx Management Group.