Earlier this month, CBRE announced that The Birch Group, a private Nanuet, N.Y.-based real estate investment firm, has purchased the sprawling American Metro Center office complex in Hamilton for $84.7 million.
The 488,463-square-foot complex was constructed in 1918 by American Standard as a manufacturing facility, until the plant closed in 2001. Today, it hosts commercial tenants who enjoy historical features including exposed brick, high ceilings, and expansive windows and skylights.
The complex is adjacent to the Hamilton Train Station and “benefits from being a part of the Princeton submarket, one of the state’s strongest,” noted a CBRE spokesperson.
Bailey Hall of CBRE said that the uses for the building will not change with the new ownership.
Mark Meisner, president of The Birch Group, said, “From the first time I walked the building, I was intent on acquiring this unique asset. I look forward to building on AMC’s past success by enhancing the amenity offerings and driving future leasing.”
American Standard used the facility to manufacture toilets, basins, and other bathroom fixtures until it closed. Meritage Properties of New York purchased the property in 2006 for $67.6 million, according to a report.
Jeffrey Dunne, Jeremy Neuer, Steve Bardsley, David Gavin, Gene Pride, Travis Langer, and Zach McHale of CBRE Institutional Properties represented the seller and procured the buyer, The Birch Group. The CBRE leasing team of Adam Englander and Matt Saker assisted in the sale process.