Princeton Overlook, a 158,180-square-foot office building in West Windsor, was sold to Princeton University for $33.4 million, according to a recent announcement from JLL Capital Markets.
JLL represented both the seller, Cali Overlook LLC, and buyer.
Princeton University is a current occupant of the building with additional tenants currently including UBS Financial Services and Regus Coworking.
Positioned on approximately 21 acres, Princeton Overlook has a strategic location along US Route 1 in West Windsor Township with easy access to countless area amenities. The four-story office building was built in 1988 on a site that was originally intended to house two buildings, therefore allowing future development on the vacant land.
JLL’s Capital Markets Investment Sales and Advisory team representing the seller was led by Senior Managing Directors Jose Cruz and Jeremy Neuer and Senior Analyst Bradley Wachenfeld.
“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,” Cruz said.
“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,” Neuer said.
