Princeton complex fetches $39.6m.The Praedium Group LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , a New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of City-based national real estate investment firm announced the sale of Princeton Forrestal Village, an office and retail complex located in Princeton, New Jersey
Princeton, New Jersey is located in Mercer County, New Jersey, United States. Princeton University has been sited in the town since 1756. to the Gale Company and GE Parlners Group for $39.6 million. Built in 1987, the property consists of 320,000 square feet of office space, approximately 93% leased, and 175,000 square feet of retail space in a village-style setting, with a landscaped square featuring a fountain and courtyards. The property is located on US Route 1, near Interstates 95 and 295, Route 206 and the New Jersey Turnpike. Frank Patafio, CFO See Chief Financial Officer. of Praedium Group said, "We invested in this mixed use property because it is well-located along major commuter routes within the Princeton metro area. During our ownership, we developed an additional office building, and enhanced occupancy significantly." The Praedium Group is a real estate investor A real estate investor is someone who actively or passively invests in real estate. An active investor may buy a property, make repairs and/or improvements to the property, and sell it later for a profit. focusing on underperforming and undervalued Undervalued A stock or other security that is trading below its true value. Notes: The difficulty is knowing what the "true" value actually is. Analysts will usually recommend an undervalued stock with a strong buy rating. assets throughout North America, with more than $2 billion in total investments to date. Praedium was formed in 1991 with a leading international investment bank as its sole investor. Building on the experience and exposure gained through this original investment program, Praedium has been a sponsor of commingled real estate private equity funds since 1994. The funds sponsored by Praedium have attracted investors that include public and corporate pension funds, financial institutions, insurance companies and endowments. |
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