American Metro Center in Hamilton — Courtesy: CBRE
By Joshua Burd
A well-known office complex at the Hamilton train station has changed hands for nearly $85 million, in a newly announced transaction by CBRE.
Brokers with the firm represented the seller of the property, American Metro Center, in the transaction with The Birch Group. Previously home to an American Standard manufacturing facility, the property in recent years has served as office space after an adaptive reuse that highlighted historic features such as exposed brick, high ceilings and expansive windows and skylights.
The CBRE team of Jeffrey Dunne, Jeremy Neuer, Steve Bardsley, David Gavin, Gene Pride, Travis Langer and Zach McHale brokered the $84.7 million transaction, with assistance from the leasing team of Adam Englander and Matt Saker.
“From the first time I walked the building, I was intent on acquiring this unique asset,” said Mark Meisner, principal of The Birch Group. “I look forward to building on AMC’s past success by enhancing the amenity offerings and driving future leasing.”
CBRE also touted the building’s location within the Princeton submarket.
“This is our second deal with The Birch Group,” said Dunne, a vice chairman with CBRE, noting that Meisner last year purchased 350-360 Mt. Kemble in Morristown “and we anticipate many more. Mark worked hard to get over the finish line and we are confident he will be successful at AMC.”
Neuer, an executive vice president with CBRE, added that American Metro Center “is a truly special asset and Mark recognized that immediately.”
“The tenants love the natural light, exposed brick and modern amenities,” he said. “Today’s tenants crave unique buildings and spaces as they use their space to attract and retain talent.”