100 and 200 Princeton South Corporate Center in Ewing — Courtesy: JLL
By Joshua Burd
Hilton Realty has expanded its holdings in the Princeton area after acquiring a nearly 268,000-square-foot office complex in Ewing, brokers with JLL announced Wednesday.
The listing team, which represented an institutional seller in the deal, said the properties at 100 and 200 Princeton South Corporate Center traded for an undisclosed price. The portfolio was 52 percent leased at the time of the deal, the brokers said, with a mix of tenants in the finance and insurance, accounting and consulting, pharmaceutical and health care industries.
JLL senior managing directors Jose Cruz and Jeremy Neuer and Associate Michael Kavaler arranged the sale with support from Tom Romano, a managing director with the firm’s Princeton leasing team. Hilton, which is based in Princeton, owns several other properties in the region.
“100 and 200 Princeton South Corporate Center have a superior location in the Princeton submarket with great access to the talented labor pool starting with Princeton University and fanning out into central New Jersey and Bucks County,” Cruz said.
Built in 2008 and 2007, respectively, 100 and 200 Princeton South Corporate Center span 267,830 square feet on a 12.2-acre site, according to a news release. They’re also part of the larger six-building Princeton South Corporate Center at the junction of Interstate 295 and Route 31, providing an attractive option in the southern Princeton submarket.
