JLL Capital Markets completes US$33.4M sale of Princeton Overlook office building to Princeton University; property spans 158,180 square feet in West Windsor, New Jersey

MORRISTOWN, N.J., Dec. 2, 2024 –  JLL Capital Markets announced today that it has completed the $33.4 million sale of Princeton Overlook, a 158,180-square-foot office building in West Windsor, New Jersey.

JLL represented the seller, Cali Overlook, LLC, and procured the buyer, Princeton University.

Princeton Overlook has a strategic location along US Route 1 in West Windsor Township with easy access to countless area amenities. Princeton University is a current occupant of the building with additional tenants currently including UBS Financial Services and Regus Coworking.

Positioned on approximately 21 acres, Princeton Overlook is a four-story office building that was built in 1988. The site was originally intended to house two buildings, therefore allowing future development on the vacant land.

JLL’s Capital Markets Investment Sales and Advisory team representing the seller was led by Senior Managing Directors Jose Cruz and Jeremy Neuer and Senior Analyst Bradley Wachenfeld.

“Our team has had significant success in the Princeton market as it attracts a unique buyer pool due to the vibrancy of the University and the talented workforce in the immediate area,” commented Cruz.

“Working with Princeton University is always a pleasure and with our client, Cali Futures, we were able to create a win-win scenario with the University,” added Neuer.

JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment sales and advisory, debt advisory, equity advisory or a recapitalization. The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.

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