A joint venture between three real estate firms has acquired a Princeton, N.J., office building.
Woodbridge, N.J.–based Bergman Real Estate Group teamed with New York City–based Hornig Capital Partners and Florida-based Eightfold Real Estate Capital to buy the four-story, 160,000-square-foot building at 500 College Road E. in the Princeton Forrestal Center from Mack-Cali Realty Corp. Mack-Cali has been selling off its suburban office assets as part of a portfolio refocus, and the deal represents Bergman’s third acquisition from the REIT.
“500 College Road is Bergman and Hornig’s first acquisition in the greater Princeton area,” said Michael Bergman, CEO and president of Bergman, in a statement. “Situated in the heart of the Princeton Forrestal Center, surrounded by prestigious companies and institutes of higher learning, research and development, makes this an attractive location for businesses looking to establish offices in the central Princeton market.
