September 16, 2019
Princeton Property Partners Negotiates a New Lease for United Fire Group in Ewing, NJ and Simultaneously Completes a Sale Transaction of its Pennington, NJ Office Building
Princeton Property Partners (PPP) has advised client United Fire Group (UFG) in its lease of a 16,000 square foot space at PrincetonSouth Corporate Center in Ewing, NJ. PPP simultaneously negotiated a sale of UFG’s 26,000 sf office building in Pennington, NJ.
“PPP achieved the seemingly impossible – negotiating a lease for our new modern offices in Ewing while at the same time finding a buyer for our legacy office property in Pennington”, said Branch Manager Ray Dudonis. “They really understood our needs and helped us to get a great deal on both ends of the transaction”. “Princeton Property Partners worked miracles for UFG to help us transform our operation in our modern, bright and attractive new offices”.
About Princeton Property Partners:
Princeton Property Partners (PPP) is a vertically integrated, Princeton-focused commercial real estate family of companies. Established in 2001, the firm is led by partners Aubrey Haines, Sab Russo and Spencer Page. Service lines include Development & Investment, Commercial Brokerage, Consulting, Advisory Services and Property & Construction Management. PPP consistently ranks as one of the top development firms in Princeton. Its commercial brokerage operation is also #1 or #2 in the market based on transaction value and square footage leased/sold. The firm has over 500,000 sf under management, making PPP one of the largest third-party property managers in the Princeton Market.
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