 |
| Kevin O’Hearn |
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.
 |
| Jose Cruz |
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.
Thomas Romano
“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.”
For more news, videos and research resources on
JLL, please visit our newsroom.
About Princeton Insurance Co.
Princeton Insurance Company is New Jersey’s
leading healthcare liability insurer, continually protecting the assets and
reputations of the New Jersey healthcare community since 1976. For more
information, please visit: princetoninsurance.com.
 |
| Michael Oliver |
About Strategic Funding Alternatives, LLC
Strategic Funding Alternatives, LLC (SFA) is a
privately held commercial real estate investment firm located in Moorestown,
NJ.
Founded in 2016, SFA has become one of the
fastest growing firms in the South Jersey market with 20 properties and
1,400,000+- square feet.
The company’s investment division raises and
places equity in undervalued commercial office complexes, optimizing
performance through acquisitions and value-add capital improvement
opportunities and providing investors with discretion over individual assets,
regular quarterly income and long-term capital appreciation.
 |
| Steve Simonelli |
For its commercial portfolio, SFA offers full-service property management, including leasing, construction, and comprehensive tenant-related services.
SFA embraces its corporate social responsibility
and the firm actively supports many local, regional, and national
organizations. For more information, visit sfarealestate.com or
call (856) 437-6196.
About JLL
JLL (NYSE: JLL) is a leading professional
services firm that specializes in real estate and investment management.
JLL shapes the future of real estate for a
better world by using the most advanced technology to create rewarding
opportunities, amazing spaces and sustainable real estate solutions for our
clients, our people and our communities.
CONTACT:
Kristen Murphy
Senior Manager
Public Relations
Investor Services
JLL
One Post Office Square, Suite 3500
Boston, MA 02109
T +1 617 848 1572
M +1 617 543 4873
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