GF Princeton, an affiliate of New York City-based Greyfields Investors LLC, purchased the leasehold interest in what was then known as the Wachovia Campus in 2007. An adjacent 120,000-square-foot building on the 16.3-acre site is currently vacant, according to Rob Freeman, Greyfields' senior managing director. "Vantage's decision to select I-95 Princeton Corporate Center in the midst of this challenging economy validates our investment in the property," says Freeman in a statement, "and the extraordinary value Ewing represents in the Princeton market. This transaction demonstrates the flexibility that our cost structure permits us to utilize, if we are presented with an opportunity to work with a high quality tenant."
The site is the former home of New Jersey National Bank and also served as Wachovia's New Jersey HQ. Sab Russo of Mercer Oak Realty represented Greyfields, while Vantage was advised by Doug Newbert of GVA Smith Mack.
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