Behringer Harvard Sells Two Princeton, NJ Assets for $9.6M

600 619 Princeton NJBehringer Harvard REIT I has sold its 600 and 619 Alexander Road properties in Princeton, New Jersey for a $9.6 million.

Located approximately 20 miles northeast of Philadelphia and 40 miles southwest of New York City, 600 & 619 Alexander Road consists of 97,447 rentable square feet.

The two three-story buildings at 600 and 619 Alexander Road were built in 1983 and 1985, respectively, and are situated on a 6.56-acre site in south Princeton, five miles northeast of the I-295 Loop on U.S. Highway 1 (Route 1).

HFF was marketing the property in the summer of 2012, according to online reports. A $16.3 million loan on the property was transferred to special servicer last February and later defaulted.