(Save the date: RealShare New Jersey comes to the Hyatt Regency, New Brunswick, NJ, September 19.)
SOUTH BRUNSWICK, NJ–The Princeton Technology Center, a Class A office within the Route 1 “Princeton-Rutgers Research Corridor,” is being put on the auction block in July – and is open for previews today.
Max Spann, president and CEO of the national real estate company and auction house bearing his name, has scheduled property previews from noon to 2 p.m. at the building, located at 68 Culver Road in South Brunswick.
Bidding will start at $1.75 million on the property, which was previously listed at $6.9 million, according to Max Spann.The 57,280-square-foot, single-story building occupies an 8.5-acre campus. The property will be auctioned on July 12 at 11 a.m. at Crowne Plaza, 390 Forsgate
Drive, Monroe Township.
“Investors should not miss this once-in-a-lifetime opportunity to purchase this strategically located campus in the Princeton office market, easily accessible from both New York and Philadelphia,” said Spann in a promotional release.
The facility is equipped with state-of-the-art telecommunications infrastructure, electrical, mechanical and HVAC systems. There is parking for 285 cars. The Technology Center is located adjacent to the Bloomberg Technology Campus, not far from Princeton University in Princeton and Rutgers University in New Brunswick.
Spann said the campus would perfectly suit a growing company involved in research and development, pharmaceuticals or technology. The property can accommodate an expansion of the building and parking lot, he noted. The building is also divisible for multiple tenants.
“For a growing company looking to tap into the highly skilled, highly educated labor market of Central Jersey, the location can’t be beat,” Spann said. Various fine restaurants, hotels, conference centers, and the Princeton University Forrestal Campus are also close at hand, he added.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
