Serving North/Central New Jersey’s commercial real estate needs:
One of the state’s oldest and most prominent commercial real estate brokerage and property management firms has opened a local office to better address the real estate needs of companies in Mercer, southern Middlesex, southern Somerset and Monmouth counties.
Colliers Houston & Co. has a long history of successfully doing business in the area. The new regional office at 116 Village Boulevard in Princeton Forrestal Village will bring a focus to the Rt. 1, Rt. 195/295, Rt. 130 and Rt. 206 corridors.
“Colliers Houston has been a vital part of the Princeton area market for many years,” said Senior Vice President Douglas R. Twyman, SIOR, who manages the new office. “The Princeton team looks forward to serving clients with commercial, office and light industrial real estate requirements.”
Twyman is proud of the strong team in place in this growing market. He is joined in Princeton by Vice President Milt Charbonneau, CCIM, SIOR; Associate Vice President, Jeff Furey; Tom March, AIA, CCIM; and Associate Steve Scott. He hopes the new office will help recruit qualified brokers for the firm’s growing staff.
In recent years, Colliers Houston has worked locally with such major property owners as Mack-Cali Realty Corp., The Gale Company, Boston Properties, Brandywine Realty Trust, National Business Parks and Eastern Properties. Space requirements also have been successfully completed for Johnson & Johnson, Congoleum, Legg Mason, The Medical Society of New Jersey and many others. Last year, Charbonneau guided the Fruscione Co., LLC, in the $65 million sale of Quakerbridge Plaza, the 11-building, 427,000 sq. ft. corporate office park in Hamilton. He also is helping Fruscione market its 172,000 sq. ft., Class A Hamilton Clock Tower Corporate Center now under construction and scheduled for summer 2006. Charbonneau also was responsible for the sale of the 91,000 sq. ft. landmark Lenox property in Lawrenceville to Brandywine Realty.
Twyman also has been busy. He has handled more than $225 million in transactions for some of the major players in corporate America. “That’s because we’re part of Colliers International, a global real estate organization with offices in more than 50 countries,” he added.
Twyman explained the Princeton office also will specialize on Life Sciences and Biotechnology clients, a key part of this market. Charbonneau, who was recently named co-chairman of the Colliers Life Science Practices Group, will direct the effort locally. Colliers Life Science Practices Group is comprised of real estate professionals throughout the nation offering special expertise to serve this growing industry.
“After four years of limited construction, there’s 1.2 million square feet of office space under construction or renovation now taking shape in the greater Princeton market,” Twyman said. “While some might say this threatens to heighten the vacancy rate and flatten rents, we prefer to view these events as new opportunities.”
Launching the Princeton office is part of an overall expansion for the firm following successive record years of performance, according to President David T. Houston Jr., SIOR, CRE, FRICS. In 2005, Colliers Houston & Co. was responsible for office and industrial transaction exceeding $280 million.
Colliers Houston & Co. Princeton, Forrestal Village,
116 Village Blvd. Princeton.