A week after JLL advised the Blackstone Group and RXR Realty on their sale of a two-building office complex in Princeton, Newmark Knight Frank announced it had sold 1 Independence Way in the city for $19.5 million on behalf of New York-based Normandy Real Estate Partners. NJBIZ reported that Brooklyn-based Guardian Realty Management is the buyer for the 113,998-square-foot Class A office building, which is leaded to two tenants: S&P Global and Trimble MAPS. Normandy secured a $14.5 million refinancing for the property in 2017 through LoanCore Capital in a deal arranged by HFF, now part of JLL. NKF said the building has undergone $16.1 million in capital improvements, the bulk of which was invested by its tenants. [NJBIZ]