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JLL Arranges Office Complex Sale in Princeton Submarket
JLL Capital Markets arranged the sale of 100 and 200 Princeton South Corporate Center, a 267,830-square-foot, two-building, Class A office complex in Ewing, NJ. JLL represented an institutional seller and procured the buyer, Hilton Realty Company, LLC. The sale price was not disclosed.
Built in 2008 and 2007, respectively, 100 and 200 Princeton South Corporate Center are 52% leased to tenants in the finance and insurance, accounting and consulting, pharmaceutical and healthcare industries.
The four-story properties comprise 12.2 acres within the larger six-building Princeton South Corporate Center at the intersection of Interstate 295 and US 31. The location in the southern Princeton submarket offers accessibility to the labor pool in Bucks County, PA and Central New Jersey.
JLL’s Capital Markets Investment Sales and Advisory team representing the seller was led by senior managing directors Jose Cruz and Jeremy Neuer and associate Michael Kavaler, supported by managing director Tom Romano from JLL’s Princeton leasing team.
- ◦Sale/Acquisition
