LAWRENCEVILLE, NJ—Prism Capital Partners hassold Princeton Pike Corporate Center inLawrenceville to Lenox Drive Office Park, notquite three years after Prism acquired theeight-building, 800,000-square-foot, class A asset in a jointventure with Angelo, Gordon & Co.
"We added tremendous value during our ownership ofPrinceton Pike Corporate Center," saysEdwin Cohen, principal partner. "The improvingeconomy brought renewed velocity to the office leasing market, andwe capitalized on that through significant capital improvements andaggressive leasing."
"Our purchase acumen was proved correct through the considerableprofit we earned," says Eugene Diaz, principalpartner, Prism Capital Partners.
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