Two buildings in a major office park near Princeton are under new ownership. 100 and 200 Princeton South Corporate Center in Ewing recently sold for an undisclosed price. The two Class A office buildings total 267,830 square feet. JLL Capital Markets arranged the sale.
JLL’s Capital Markets Investment Sales and Advisory team worked on behalf of an institutional seller. The sales team was led by Senior Managing Directors Jose Cruz and Jeremy Neuer and Associate Michael Kavaler and supported by Managing Director Tom Romano from JLL’s Princeton leasing team. JLL also found the buyer, Princeton-based Hilton Realty Company, LLC.
“100 and 200 Princeton South Corporate Center have a superior location in the Princeton submarket with great access to the talented labor pool starting with Princeton University and fanning out into Central New Jersey and Bucks County,” noted JLL’s Cruz.
The two four-story properties occupy 12.2 acres in the six-building Princeton South Corporate Center. Constructed in 2007 and 2008, the office buildings are currently 52% leased to various tenants in insurance, finance, accounting, pharmaceutical, healthcare and consulting industries. Located at the intersection of I-295 and US-31, the offices provide accessibility to workers in Central New Jersey and nearby Bucks County, PA.
