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PRINCETON, NJ-The Washington, DC and New York offices of Holliday Fenoglio Fowler, LP have closed the sale of 1100 Campus Rd., a 166,991-square-foot trophy office building here.

HFF executive managing director Stephen Conley, senior managing director Andrew Scandalios, managing director Andrew Weir and directors Jeffrey Julien and Elizabeth Taylor led the investment sales team exclusively on behalf of the seller, Patrinely Group and USAA Real Estate Co. The Denver-based REIT Dividend Capital Total Realty Trust Inc. purchased the property. According to HFF, the sale price could not be disclosed.Completed in 2006, the property is fully leased to Novo Nordisk, Inc. through May 2023. The five-story property has direct access to and visibility from Route 1 and is situated less than four miles from downtown Princeton in central New Jersey.

“The sale of 1100 Campus Rd. offered an investor the rare opportunity to acquire a trophy-quality asset that is 100% leased to an A-credit tenant for the long-term on a triple-net basis,” Conley tells GlobeSt.com.

“Princeton is a core, institutional submarket that continues to attract corporate tenants and owners due to the proximity to New York and Philadelphia and its access to a highly educated labor pool,” adds Scandalios.

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