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Opus Unveils Princeton South MXD

EWING TWP., NJ-Nearly a million sf of office, hotel and retail space will rise on a parcel Opus will develop. The first 120,000-sf spec office building is planned to deliver in summer 2008.

By Sean Ryan | Updated on June 30, 2006

Sean Ryan is associate editor of Real Estate New Jersey .

EWING TWP., NJ-An Opus joint venture will build Princeton South Corporate Center on a newly purchased 102-acre parcel here. The mixed-use development will have 720,000-sf of office space in six buildings, a 150-key hotel, and pad sites for two restaurants and a freestanding bank.

The 102 acres, at the southwest corner of I-95 and Pennington Rd. (Route 31), was purchased from New York City-based Bloomberg Financial for an undisclosed price on May 3. Opus has been planning the complex for the past six months. “We were made aware of the site in January,” says C. Craig Guers, senior vice president and general manager of Opus East, tells GlobeSt. The JV combines Opus East LLC and Opus Development Partners, Minnetonka, MN.

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