JLL reps. Strategic Funding Alternatives, LLC in sale of office complex in West Windsor, New Jersey
- MAREJ
- Jun 22, 2021
- 1 min read
West 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 Company, and procured the buyer, Strategic Funding Alternatives, LLC (SFA).
742 and 746 Alexander Rd. is located within the prestigious Princeton office market, which is home to numerous major corporations and pharmaceutical companies. The properties served as the corporate 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 Alexander Rd. property consists of approximately 50,000 s/f. 746 Alexander Rd. is a two-story, approximately 60,000 s/f building. 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 directors 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. properties presented a tremendous value add and renovation opportunity for an investor,” O’Hearn added. “SFA owns similar properties in the region and was attracted to the prime location and flexible floor plates that can accommodate a wide variety of renovation strategies.”