Princeton University has acquired a West Windsor office building for $33.4 million. The sale closed on December 2 for the 158,180 square foot building at 100 Overlook Center along Route 1.
JLL Capital Markets represented the seller, Cali Overlook LLC. Princeton University was the largest tenant of the building, which also houses UBS Financial Services and Regus Coworking. The 21-acre property was originally intended for two buildings, meaning that additional development at the site is possible. The existing four-story building was constructed in 1988.
According to the university’s website, its Office of Advancement and Office of Human Resources are currently located at Overlook Center.
The university is in the midst of an expansion into West Windsor Township. Construction is underway on the Meadows Neighborhood, formerly referred to as the Lake Campus, near the intersection of Route 1 and Washington Road. The campus is expected to include graduate student housing, parking, and athletics and recreation facilities.
