The ownership was represented by Steve Tolcash of GVA Williams Buschman of Lawrenceville, NJ, which has the leasing exclusive for the property. The state agency was represented by Jerry Fennelly of NAI Fennelly, Hamilton, NJ. Terms of the lease were not disclosed.
"The Exit 7 interchange market, as a New Jersey Turnpike exit, is clearly an up-and-coming industrial marketplace," Tolcash tells GlobeSt.com. "What we are realizing now, based on recent activity, is that with the Turnpike, I-295 and Route 130 all within a half-mile of Interchange Business Park, it is well positioned going forward to attract more office and high-tech type users as well."
The two-story building was built in 1996 as part of the corporate headquarters for sports equipment purveyor Prince Racquets. Interchange 7 Business Park, then known as Bordentown Interchange Business Park, was acquired by BPG just over a year ago from apparel retailer Benetton.
Recommended For You
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
