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Follow on Google News | Cushman & Wakefield Arranges $16M Sale of 103 Carnegie Center Drive in Princeton, NJBuilding Presents Opportunities for Smaller Tenants in Prestigious Office Market
By: Cushman & Wakefield "This sale generated a substantial amount of bidding, which is a testament to the prestige of the Princeton office market," said Andrew Merin, who lead the Cushman & Wakefield team of David Bernhaut, Gary Gabriel and Brian Whitmer, supported by Frank DiTommaso II and Andrew Schwartz. "With 83 percent of the building leased to 31 tenants, 103 Carnegie Center Drive provides opportunity for small companies to lease space and gain access to the large corporations that dominate the Princeton market." Boston Properties paid $15.8 million for the approximately 96,000 net rentable-square- "This sale complements the portfolio of Boston Properties, which owns most of the buildings in Carnegie Center," said Gabriel. Based in East Rutherford, New Jersey, the team specializes exclusively in investment sales of office, industrial, multifamily, land and retail properties throughout New Jersey, New York, and Fairfield County, Connecticut. The team has completed more than $25 billion worth of transactions since 2000, closing over $3.2 billion in sales in 2016. ### About Cushman & Wakefield Cushman & Wakefield is a leading global real estate services firm that helps clients transform the way people work, shop, and live. Our 43,000 employees in more than 60 countries help investors and occupiers optimize the value of their real estate by combining our global perspective and deep local knowledge with an impressive platform of real estate solutions. Cushman & Wakefield is among the largest commercial real estate services firms with revenue of $5 billion across core services of agency leasing, asset services, capital markets, facility services (C&W Services), global occupier services, investment & asset management (DTZ Investors), project & development services, tenant representation, and valuation & advisory. To learn more, visit www.cushmanwakefield.com or follow @CushWake (http://www.twitter.com/ End
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