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Two Flex Buildings Sell for More Than $5M

LAWRENCEVILLE, NJ-The property boasts a strong location on Princeton Pike at the I-95 interchange and will be renamed the Princeton Pike Business Center.

By Brianne Harrison | Updated on May 21, 2008

LAWRENCEVILLE, NJ-Princeton Pike Associates LLC has sold its property located at 3175 Princeton Pike at the I-95 corridor here for more than $5.4 million. The buyer was not disclosed.

Steve Tolkach, managing principal of Newmark Knight Frank’s Princeton office, represented the buyer in the transaction. Charles Segal of Segal Commercial Real Estate represented Princeton Pike Associates, which is a partnership of the owners of Triangle Repro and Princeton International Press, both former tenants at the property.

The property, which will be renamed the Princeton Pike Business Center, features two flex office/warehouse buildings totaling 81,000 sf on nine acres. The first building was built in the early 1970s, and the second building followed in the mid-1980s.

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