6B — May 21 - June 17, 2021 — New Jersey — M id A tlantic Real Estate Journal
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742 and 746 Alexander Rd. is located within the prestigious Princeton office market JLL reps. Strategic Funding Alternatives, LLC in sale of office complex inWest Windsor, New Jersey
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rate headquarters of Princeton Insurance Companies from the 1980’s until just recently, when Princeton decided to relocate to a nearby property. The three-story 742 Alexan- der Rd. property consists of approximately 50,000 s/f. 746 Alexander Rd. is a two-story, approximately 60,000 s/f build- ing. On-site tenant amenities and features currently include a cafeteria, fitness center and atrium lobby. JLL’s team representing the seller was led by senior managing directors Kevin O’Hearn and Jose Cruz , managing director Thomas
Romano and managing di- rectors Michael Oliver and Steve Simonelli . “Princeton Insurance is a long-time client, and we’re thrilled to not only handle the disposition of their property, but also the relocation of their Princeton office,” Romano said. “The Alexander Rd. proper- ties presented a tremendous value add and renovation opportunity for an investor,” O’Hearn added. “SFA owns similar properties in the re- gion and was attracted to the prime location and flexible floor plates that can accommo- date a wide variety of renova- tion strategies.” MAREJ Marcus &Millichap arranges the sale of The Luxe at Ewing Station developement site Ewing Station EWING TOWNSHIP, NJ — Marcus & Millichap an- nounced the sale of The Luxe at Ewing Station in Ewing. The 59-unit multi-family develop- ment site provides tenants with ground floor retail and rich amenity options within steps to the Ewing train station that provides direct access to Phila- delphia, according to James McGuckin , regional manager of the firm’s New Jersey office. Chez Eider and Jason Pet- rick of Marcus & Millichap’s New Jersey office exclusively represented the seller and procured the private investor through a formal marketing process. The sale exceeded each party’s investment expectations and will help contribute to both the seller and buyer’s overall investment growth strategy. According to Chez Eider, “The new development will revitalize the former 86-year-old Fred- die’s Tavern positioned to offer a modernized retail and dining options with the apartments above. This project will further enhance the Ewing community as a live-work-play environ- ment providing the best option to live steps away from theWest Trenton Station." MAREJ
EST WINDSOR, NJ — JLL has closed the sale of
742 and 746 Alexander Rd., a two-building office complex totaling nearly 110,000 s/f in West Windsor. JLL represented the seller, Princeton Insurance Com- pany, and procured the buyer, Strategic Funding Alterna- tives, LLC (SFA). 742 and 746 Alexander Rd. is located within the presti- gious Princeton office market, which is home to numerous major corporations and phar- maceutical companies. The properties served as the corpo-
742 and 746 Alexander Rd.
P o s k a n z e r S k o t t A r c h i t e c t s 550 North Maple Avenue, Ridgewood, NJ 07450 201.445.2322 www.poskanzerskott.com
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