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Princeton University Acquires West Windsor Offices
JLL Capital Markets completed the $33.4-million sale of Princeton Overlook, a 158,180-square-foot office building in West Windsor, NJ. A team led by senior managing directors Jose Cruz and Jeremy Neuer and senior analyst Bradley Wachenfeld represented the seller, Cali Overlook, LLC, and procured the buyer, Princeton University.
Positioned on approximately 21 acres, Princeton Overlook is a four-story office building built in 1988. The site was originally intended to house two buildings, therefore allowing future development on the vacant land. Princeton University is a current occupant, with additional tenants including UBS Financial Services and Regus Coworking.
“Our team has had significant success in the Princeton market as it attracts a unique buyer pool due to the vibrancy of the University and the talented workforce in the immediate area,” said Cruz.
Neuer added, “Working with Princeton University is always a pleasure and with our client, Cali Futures, we were able to create a win-win scenario with the university.”
- ◦Sale/Acquisition
