A 25,364-square-foot medical office property in Mercer County – an epicenter of life science, biopharmaceutical and other health care-focused enterprises in the state – has changed hands in a deal arranged by Cushman & Wakefield.
The property at 88 Princeton Hightstown Road in West Windsor was sold for $8 million, the firm announced on Feb. 16.
The two-story medical office building recently underwent renovations that brought updated common areas, new HVAC units and parking lot improvements to the property. It is 3 miles from the University Medical Center of Princeton and offers direct access to the Princeton Junction train station, Route 1 and the New Jersey Turnpike.
“88 Princeton Hightstown provided investors with the opportunity to acquire a 91% leased, premier boutique medical office asset,” Schwartz said. “We saw significant interest in this property because of its highly impressive tenant roster and ideal medical location.”