CBRE Group, Inc. Secures Exclusive Sales and Leasing Assignment For Lawrence Commons in Lawrenceville, N.J.
LAWRENCEVILLE, N.J. (May 16, 2013)– CBRE Group, Inc., New Jersey’s largest commercial real estate brokerage firm, announced today that it was named the exclusive agent for a two-story, 41,610-square-foot, medical professional building known as Lawrence Commons. The property at 3371 Route 1 in Lawrenceville, N.J. is available for sale or lease.
Ben Shapiro, senior vice president, is leading the assignment, with Gina Albert, real estate manager, handling all aspects of property management for the site.
“This is a foreclosure property and we represent a bank that is willing to invest in improving and repositioning this well-located asset in the heart of the Princeton submarket,” said Mr. Shapiro. “There’s tremendous flexibility here either as an investment for an interested buyer or for us to provide a variety of leasing options to prospective tenants.”
Leasing opportunities include suites divisible to 1,100 square feet and up to 16,000 square feet on each floor. Ideal for medical-related uses, Lawrence Commons is nearthe new PrincetonHospital and Capital Health Hospital and 10 minutes from Downtown Princeton.
The building, which is substantially vacant, has direct access to and from Rt. 1 South and immediate access to I-95 and I-295, excellent visibility, and signage on Route 1. Ample parking is available and the site is close to mass transit.Adjacent to the Mercer, Nassau Park and Quakerbridge Malls, the property has numerous retail, dining and hotel options in the vicinity.
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (in terms of 2012 revenue). The Company has approximately 37,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 300 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. Please visit our website at www.cbre.com.