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PRINCETON, NJ-The CB Richard Ellis New York Capital Markets team of Jeffrey Dunne, Kevin Welsh and David Gavin have been retained as the exclusive advisors for the sale of the 549,337-square-foot Princeton Forrestal Village, which is located at 100 Village Blvd. here. The 42-acre mixed-use campus consists of 10 free-standing office, retail and restaurant buildings.

“This mixed-use development is being marketed to a ‘value add’ investor who is looking for an asset that not only has stable income, but also offers significant upside potential through the lease-up of the complex’s roughly 56,000 square feet of vacancy, as well as its 400,000 square feet in residential development rights,” says Dunne. “Ultimately, with the lease-up of this available space, a buyer can significantly increase the in-place net operating income by nearly 20%.”

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