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.