Princeton University Purchases 100 Overlook Center Office Building From Cali Associates For $33.4M

The property asset involved in the transaction is an office building located at 100 Overlook Center, Princeton, with a total square footage of 158,180. Princeton University purchased this asset for $33,400,000, marking their transition from tenant to landlord. The property includes 21 acres that have potential for future development along Route 1.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $33,400,000
• Address: 100 Overlook Center
• Market: Princeton
• Square Footage: 158,180
• Price Per Square Foot: $211
• Buyer: Christopher Ludwig Eisgruber - Princeton University
• Seller: John Cali - Cali Associates
• Brokerage: Bradley Wachenfeld, Jeremy Neuer & Jose Cruz - JLL

This transaction features key individuals such as Christopher Ludwig Eisgruber representing Princeton University and John Cali representing Cali Associates. The deal was facilitated by brokers Bradley Wachenfeld, Jeremy Neuer, and Jose Cruz from JLL, highlighting a collaborative effort in the real estate market.