New York & Tri-State + New Jersey + Office | March 28, 2023

JLL Closes Sale of Princeton Offices to Joint Venture

JLL has closed the sale of Crossroads Corporate Center, a 100,925-square-foot office property in Princeton, NJ, for an undisclosed sum. The firm’s Jeremy Neuer, Jose Cruz, Kevin O’Hearn, Thomas Romano, J.B. Bruno and Jason Lundy represented the seller, Gilbane Development Company. A joint venture partnership formed by Simone Realty, Inc. acquired the asset.

Built in 1991, and having undergone several renovations since then, the three-story building features a two-story lobby, exterior balconies and a high parking ratio. The property is situated on more than 45 acres of land, which includes a large pond with scenic views.

Located at 3150 Brunswick Pike, at the interchange of Interstate 295 and U.S. Route 1, the property benefits from strategic access and strong identity/high visibility. In addition, the property is just south of the one-million-square-foot Quakerbridge Mall and less than five miles from downtown Princeton.

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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