4A — June 22 - July 12, 2012 — Mid Atlantic Real Estate Journal www.marejournal.com M ID A TLANTIC R EAL E STATE J OURNAL A UCTIONS 57,280 s/f class A office building located within Princeton-Rutgers Research Corridor Max Spann Real Estate & Auction Co. to sell The Princeton Technology Center
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OUTHBRUNSWICK, NJ — The Princeton Tech- nology Center, a class A office building located within the Route 1 “Princeton-Rutgers Research Corridor,” is being put on the auction block in July. Max Spann Real Estate & Auction Co., a national auction house, is auctioning the 57,280 s/f, single-story building situ- ated on an 8.5 acre campus on July 12 at 11 a.m. at Crowne Plaza, 390 Forsgate Drive, Monroe Twp., NJ. The minimum bid is $1.75 million. The property had pre- viously been listed for $6.9 million.
The Princeton Technology Center
“Investors should not miss this once-in-a-lifetime oppor- tunity to purchase this strate- gically located campus in the Princeton office market, easily accessible from both New York and Philadelphia,” said Max Spann, president and CEO of the firm. Max Spann has scheduled property previews from noon to 2 p.m. Thursday, June 28. The facility has state-of- the-art telecommunications infrastructure, electrical, me- chanical and HVAC systems. The parking lot can accommo- date 285 cars. The Technology Center is located next to the Bloomberg Technology Campus within the “Princeton-Rutgers Research Corridor,” which serves as a biotech-pharma- ceutical hotbed. It is close to world-class restaurants, shop- ping, hotels, conference centers, and the Princeton University Forrestal Campus. Spann said the campus is perfect for a growing company in involved in research and development, pharmaceuticals or technology. The property is large enough to accommodate an expansion of the building and parking lot. Investors can also subdivide the building 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. ■ “Investors should not miss this once-in-a-lifetime opportunity to purchase this strategically located campus in the Princeton office market, easily acces- sible from both New York and Philadelphia,” — Max Spann
AUCTION ABSOLUTE
FORECLOSURE
67,900±SFWAREHOUSE 56,250±SFWAREHOUSE 2 APPROVED FOR89APARTMENT UNITS APPROVED FOR90APARTMENT UNITS Located in Scotts Addition Historic District, Eligible for Tax Credits & Tax Abatement, Walking Distance to Shopping, Dining & Entertainment, Convenient to VCU, I-64, I-95 & I-195 1
PROPERTY TOUR: WED, 6/27 @ 10AM
SALE HELD: WITH LIVE & ONLINE BIDDING 3031 Norfolk Street Richmond, VA 23230
TUES., 7/10 @ 2PM
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