Commercial brokerage firm Segal LaBate Commercial Real Estate recently announced it has completed the sale of a 78,000-square-foot building in downtown Trenton to Maestro Technologies. The buyer said it intends to create an innovation hub at the former First Trenton National Bank Building, located at 1 West State St.
“Our group will leverage our experiences and network to support start up, small and mid-size businesses in Trenton and the surrounding communities,” Segal LaBate Commercial Real Estate President Anne LaBate said.
Segal LaBate has been retained as the leasing agent for the property and is currently marketing open office spaces at 1 West State St. The property has proximal access to US Route 1, 29 and the New Jersey Turnpike.
As part of its goal to create an innovation hub, Maestro Technologies, which specializes in big data solutions and web security, said it has partnered with Mercer County Community College to provide paid internships and professional training to local students at the property.
Financial terms were not disclosed. Maestro Technologies was the recipient of a $17 million tax credit award to move from Edison to Trenton.