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Praedium's $20m sale.



The Praedium Group LLC announced the sale of the Princeton Pike Corporate Center I in Lawrenceville, New Jersey Lawrenceville is a census-designated place and unincorporated area located within Lawrence Township in Mercer County, New Jersey. As of the United States 2000 Census, the CDP population was 4,081. Lawrenceville is located roughly halfway between Princeton and Trenton.  to Brandywine Realty Trust Brandywine Realty Trust (NYSE: BDN) is a real estate development trust (REIT) in the United States that buys, sells, leases and manages approximately 225 commercial properties, no more than 25 industrial parcels of land, mixed-use property, and over 200 acres of undeveloped  of Plymouth Meeting, Pennsylvania Plymouth Meeting is a census-designated place (CDP) in Montgomery County, Pennsylvania, United States. The population was 5,593 at the 2000 census. It is home to the Colonial School District as well as the Plymouth Meeting Mall.  for $20 million, or $179 per s/f

Built in 1984, and renovated between 1995 and 2003, the 112,000 square toot, three-story office building is located within the Class A Princeton Pike Corporate Center. This office campus contains mature landscaped grounds and excellent visibility along the northern side of both Interstate 29/295 and Princeton Pike at Exit 8B. The property is currently 97% occupied by major tenants in the health, public utility, technology, consulting and financial services industries.

The CB Richard Ellis CB Richard Ellis Group, Inc. NYSE: CBG is a multinational real estate corporation currently based in Los Angeles, California, U.S.A.. On December 20, 2006, the corporation, also known as CBRE, completed acquisition of Trammell Crow Co. in a transaction valued at $2.  New York Tri-State Investment Team, led by Jeffrey R. Dunne, in collaboration with Lynn DeMarco, represented both the buyer and seller.
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Title Annotation:sale of office building
Publication:Real Estate Weekly
Article Type:Brief Article
Geographic Code:1USA
Date:Jan 14, 2004
Words:131
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