JLL Capital Markets recently closed the sale of Princeton Overlook, a 158,180-square-foot office building located in West Windsor, NJ. The property was sold for $33.4 million and was represented by a team led by senior managing directors Jose Cruz and Jeremy Neuer, along with senior analyst Bradley Wachenfeld. The buyer of the property was Princeton University.
Built in 1988 on approximately 21 acres of land, Princeton Overlook is a four-story office building that originally had plans for two buildings to be constructed on the site. This allows for potential future development on the vacant land surrounding it. Current tenants include UBS Financial Services and Regus Coworking in addition to Princeton University.
Cruz stated that their team has been successful in attracting unique buyers to the vibrant market of Princeton due to its proximity to top universities and talented workforce.
Neuer also expressed his pleasure working with both Cali Futures (the seller) and their client (Princeton University), stating that they were able to create a mutually beneficial agreement between all parties involved.
