One of the area’s most attractive and cost-effective properties is just off the Route 1 corridor, and offers world-class amenities to its tenants.

Located just north of Princeton on 23 Orchard Road (Route 206 near Route 518), the building is a highly cost-effective alternative to new construction on Route 1. Originally built for a high-tech company, 23 Orchard underwent a $3,000,000 upgrade that improved its energy efficiency and its image.

"This building offers amazing features for tenants," said Milt Charbonneau, principal with Cassidy Turley of New Jersey. "There’s a corporate cafeteria, a full fitness facility open 24/7/365 at no additional charge, ample free parking, uninterruptable power systems, conferencing facilities, outdoor recreational facilities and a public atrium for meetings. It has the feel of a nice hotel."

Charbonneau says there are a number of units available, in all sizes, completely built out and ready to occupy. Some are furnished. About two-thirds of the site is occupied by Johnson & Johnson. The rest is 50,000 square feet in a variety of configurations.

"These are excellent spaces for someone who wants to pay a price that’s two ticks lower than on Route 1," Charbonneau added. "We’re below $20 per square foot plus electric, and have space for as few as five people."

One of the eye-catching features of 23 Orchard is its iconic orange sails highlighted on the exterior and in the atrium. In fact, the building won the 2009 New Jersey Business & Industry Association’s Good Neighbor Award, which honors projects that show economic benefit and job creation, architectural merit and community involvement. The design was created by Leslie Campbell & Associates and Clarke Caton Hintz.

"I represent the building through Cassidy Turley," Charbonneau noted. "Colliers Houston merged into and became Cassidy Turley, which makes us the largest, privately owned real estate firm in the country. But you’ll still find the same great personnel at the same offices"

The building is managed by Herring Properties, a Princeton-based real estate development company headed by Princeton native Jamie Herring, which is building a portfolio of quality commercial properties throughout the mid-Atlantic. Founded in the late 1990s, Herring Properties has a portfolio of 1,800,000 square feet of office, industrial and residential properties.Its niche is to acquire real estate from corporations who are disposing of non-core assets due to consolidation, relocation or financial restructuring. Herring specializes in repositioning and reconstructing the property as multi-tenanted facilities. Its Managing Partner James P. Herring, provides on-site management at 23 Orchard.

"It’s such a great campus feel, and that works for smaller tenants who enjoy being part of a bigger, corporate setting," Charbonneau said. "They have access to all the accoutrements, and can take advantage of the public atrium and conferencing facilities for meetings outside their office space."

In addition to proximity to major highways, 23 Orchard is near restaurants, shops and hotels. It’s a member of the Einstein’s Alley coalition, and offers its atrium to non-profits and community groups for events. Learn more by contacting Charbonneau at the number below.

Cassidy Turley of New Jersey. 200 Cottontail Lane, Somerset. 732-271-6306. milt.charbonneau@cassidyturley.com

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