JLL Capital Markets on Wednesday announced it has arranged the sale of 100 and 200 Princeton South Corporate Center, a two-building, Class A office complex in Ewing. The 267,830-square-foot property was sold by an institutional seller and acquired by Hilton Realty Company, LLC.
The properties, built in 2007 and 2008, are currently 52% leased to a diverse mix of tenants across the finance, insurance, consulting, pharmaceutical and health care industries.
The complex is strategically located within the larger six-building Princeton South Corporate Center at the intersection of Interstate 295 and US 31. This location places the campus in the highly desirable southern Princeton submarket, offering easy accessibility to a broad and talented labor pool.
“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,” Jose Cruz, senior managing director at JLL said.
The JLL Capital Markets Investment Sales and Advisory team representing the seller was led by Cruz and Senior Managing Director Jeremy Neuer and Associate Michael Kavaler. They were supported by Managing Director Tom Romano from JLL’s Princeton leasing team.
The sale underscores the continued investment interest in Class A office assets in suburban corridors that benefit from strong regional connectivity and highly educated local workforces.
