Gilbane Development Company has sold Crossroads Corporate Center, a 100,925-square-foot office property in the Princeton submarket of New Jersey.
A joint venture partnership formed by Simone Realty, Inc., acquired the asset for an undisclosed sales price.
Built in 1991, and having undergone several renovations since then, the three-story building features a dramatic two-story lobby, exterior balconies and a high parking ratio. The property is situated on more than 45 acres of land, which includes a large pond with scenic views.
Located at 3150 Brunswick Pike, at the prime interchange of Interstate 295 and U.S. Route 1, the property benefits from strategic access and strong identity/high visibility. In addition, the property is just south of the 1-million-square-foot Quakerbridge Mall and less than five miles from downtown Princeton.
