JLL Capital Markets announced that it has arranged the sale of 100 and 200 Princeton South Corporate Center, a 267,830-square-foot, two-building, Class A office complex in Ewing.
JLL represented an institutional seller and procured the buyer, Hilton Realty Company, LLC.
Built in 2008 and 2007, respectively, 100 and 200 Princeton South Corporate Center are 52% leased to a variety of tenants in the finance and insurance, accounting and consulting, pharmaceutical and health care industries.
The four-story properties comprise 12.2 acres within the larger six-building Princeton South Corporate Center at the intersection of Interstate 295 and US 31. The location in the southern Princeton submarket offers easy accessibility to the labor pool in Bucks County, Pennsylvania, and Central New Jersey.
JLL’s Capital Markets investment sales and advisory team representing the seller 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.
“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,” said Cruz.
