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PLAINSBORO, NJ-In a transaction arranged by GVA Williams of New Jersey of Parsippany, Woodmont Properties LLC has sold a 42,700-sf office/flex building here to the JK Group. The latter, which operates a matching gifts program business used by many of the country’s largest corporations, will move its headquarters to the new facility from an existing location in Plainsboro.

Woodmont recently completed construction of the building, located at 104 Morgan Lane, on a speculative basis, designing it to be flexible for a variety of uses from biotech research to finished offices. Details and terms of the sale, including the sale price, were not disclosed by the parties.

Located in the Route 1 corridor within the Princeton market, the building’s corporate neighbors include Merrill Lynch, Wave Systems, Bristol Meyers-Squibb and Johnson & Johnson.

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