PRINCETON FORRESTAL VILLAGE TRADES FOR $55 MILLION

PRINCETON, N.J. — CB Richard Ellis (CBRE) has brokered the sale of Princeton Forrestal Village, a 549,337-square-foot mixed-use project located in Princeton, for $55 million. The property consists of 10 freestanding office, retail and restaurant buildings situated over 42 acres. The property contains several outdoor amenities including pedestrian bridges, fountains, tree-lined streets, courtyards and gardens. It also contains three upscale restaurants, a 60,000-square-foot fitness center, a 12,700-square-foot food court and a day care center. It was originally built in 1987 and renovated in 2007. Jeffrey Dunne, Kevin Welsh and David Gavin of CBRE's New York Institutional Group represented the seller, PF Village LLC, and procured the buyer, an entity controlled by Investcorp International.