Princeton University Acquires Property In West Windsor For $33.4M

PRINCETON, NJ — Princeton University recently acquired an office building in West Windsor for $33.4 million, JLL Capital Markets said.

The University bought the 158,180-square-foot Princeton Overlook building from Cali Overlook, LLC.

The property is located along US Route 1 with easy access to countless area amenities.

The University is a current occupant of the building with additional tenants including UBS Financial Services and Regus Coworking.

Positioned on around 21 acres, the four-story office building was built in 1988. The site was originally intended to house two buildings, therefore allowing future development on the vacant land.

“Our team has had significant success in the Princeton market as it attracts a unique buyer pool due to the vibrancy of the University and the talented workforce in the immediate area,” said Senior Managing Director Jose Cruz.

Princeton University has plans to expand to neighboring West Windsor.

In May 2021, the West Windsor Planning Board unanimously voted to approve the site plans for Princeton University’s Lake Campus project. On Dec. 7 the same year, they broke ground on the development.

The site is located along Washington Road and Route 1 and is near the Delaware and Raritan Canal.

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