CRONHEIM MORTGAGE ARRANGES $6,750,000 SALE OF A

CLASS A OFFICE BUILDING IN LAWRENCEVILLE, NJ

LAWRENCEVILLE, NJ – David Cronheim Mortgage Corporation has arranged the $6,750,000 sale of a Class A office building located at 100 Franklin Corner Road in Lawrenceville, New Jersey. 

The subject property is a single-story 27,600 square foot office building 100% leased to Dean Witter Reynolds, Inc. (Morgan Stanley Dean Witter).  The building is constructed of brick with a  steel frame and a pitched roof.  The parking lot has 138 spaces, which equates to five spaces per 1,000 square feet of building space.

The Subject lies on the intersection of Franklin Corner Road and Princeton Pike in Lawrenceville, Mercer County, New Jersey.  Franklin Corner Road, also known as Route 546, runs east/west through the county while Princeton Pike runs north/south providing access to main commercial corridors such as Route 1, Route 206 and Route 31.  The subject property is located less than 1/2 mile from Exit 8B of Interstate 95, which is the most direct route from Trenton to Philadelphia.  Interstate 295, which runs south along the Delaware River in New Jersey, is approximately 1.5 miles from the subject property. The New Jersey Turnpike is approximately eight miles from the subject property, and provides access to New York City and the rest of Northern New Jersey’s highways, including the Garden State Parkway, Interstate 78, and Interstate 80.