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Factory-Turned-Office Goes for $85M in Central NJ
CBRE closed on the $84.7-million sale of American Metro Center (AMC), an adaptive-reuse office property in the Central New Jersey suburb of Hamilton.
A team of Jeffrey Dunne, Jeremy Neuer, Steve Bardsley, David Gavin, Gene Pride, Travis Langer and Zach represented the seller and also procured the buyer, The Birch Group. The CBRE leasing team of Adam Englander and Matt Saker assisted in the sale process.
Previously used by American Standard as a manufacturing facility, the 487,072-square-foot AMC utilizes the historic design features, including exposed brick, high ceilings and expansive windows and skylights, to attract office tenants. It’s situated adjacent to the Hamilton Train Station, and is located in the Princeton submarket, one of the state’s strongest.
“From the first time I walked the building, I was intent on acquiring this unique asset,” said Birch Group principal Mark Meisner. “I look forward to building on AMC’s past success by enhancing the amenity offerings and driving future leasing.”
For comments, questions or concerns, please contact Paul Bubny
- ◦Sale/Acquisition
