Crossroads Company Heart. Picture courtesy of JLL
Gilbane Improvement Co. has bought a 100,925-square-foot workplace constructing in Lawrenceville, N.J., to a three way partnership led by Simone Realty Inc. Crossroads Company Heart beforehand modified palms in 2002, when Leggat McCall Properties bought it for $11.6 million, CommercialEdge reveals. JLL brokered the deal on behalf of the vendor.
A part of the Princeton submarket, the three-story property’s tenant roster contains corporations resembling United Manner of Larger Mercer County, Professional Direct and Davinci Assembly Rooms amongst others, CommercialEdge information reveals.
Positioned a 3150 Brunswick Pike, the constructing contains two passenger elevators, flooring plates ranging between 32,607 and 34,129 sq. ft, in addition to 510 parking spots, the identical information supplier reveals. In-built 1991, the property went by a number of enhancements up to now years, and contains a two-story common-area foyer and outside balconies.
Located on a 50-acre lot, the asset is near U.S. Freeway 1 and Interstate 295. The property is situated close to the 1 million-square-foot Quakerbridge Mall, 6 miles from downtown Princeton, N.J., 8 miles from Trenton, N.J., and inside 42 miles of Newark Liberty Worldwide Airport.
JLL’s crew included Managing Director Thomas Romano, Senior Managing Administrators Jeremy Neuer, Jose Cruz and Kevin O’Hearn, together with Administrators J.B. Bruno and Jason Lundy.
In late 2022, the brokerage facilitated the sale of a 400,000-square-foot trophy workplace asset in Parsippany, N.J. Signature Acquisitions picked up the LEED Silver-certified constructing. Earlier this month, Signature bought one other Northern New Jersey workplace asset in Warren, N.J. The property is a part of Independence Boulevard, a five-building, 650,000-square-foot workplace campus.
