Praedium's $20m sale.
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 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|
|Date:||Jan 14, 2004|
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