A rendering of the completed Roszel Square development in West Windsor — Courtesy: Gottesman Real Estate Partners and Mountain Development Corp.
By Joshua Burd
The owners of a two-year-old office building and an adjacent development site in West Windsor have tapped Mercer Oak Realty LLC to oversee leasing for the properties, the firms announced.
Gottesman Real Estate Partners and Mountain Development Corp. said Mercer Oak are seeking tenants for 21 Roszel Road, a three-story, 62,500-square-foot building with about 5,100 square feet of available space. The neighboring site, located at 19 Roszel Road, is a 38,000-square-foot build-to-suit opportunity.
The developers touted the properties’ location along the Route 1 corridor and within the Princeton submarket. Existing tenants at 21 Roszel Road include law firm Hill Wallack LLP, which occupies 48,000 square feet on the top two floors, and Ripen e-commerce, which occupies 9,200 square feet on the first floor.
“Mercer Oak Realty brings to this important assignment not just a high level of expertise, but a keen understanding of the specific product and market area,” said Michael Seeve, president of Woodland Park-based MDC. “Their track record speaks for itself, and we look forward to collaborating with them in marketing these two signature office properties.”
Built in 2015, 21 Roszel Road offers high ceilings, ample natural light and parking, plus an outdoor plaza and an on-site café, according to a news release. Planned amenities include a tenant fitness center.
Mercer Oak President Sab Russo is heading the leasing effort with CEO Aubrey Haines and Vice President Dawn Stillwell. Russo said the corner suite is directly off the building’s main entrance.
He added that 19 Roszel Road is shovel-ready, noting that the owners are seeking a tenant of at least 19,000 square feet to begin construction. The space could be delivered as soon as 11 months because it is fully entitled and has all of its infrastructure in place.
“One of the biggest advantages for a lead tenant at 19 Roszel Road is the ability to have the company’s name on the building,” Russo said. “Naming rights for tenants of this size are highly unusual but extremely valuable in terms of marketing and creating brand identity for a law or accounting firm, high-tech company or professional services firm.
“This building’s smaller size allows tenants to have a big impact.”
Nearby tenants in the Princeton submarket include BlackRock, Bank of America, Novo Nordisk and Sandoz, the news release said. The properties also offer access to a full-service Hyatt Regency Princeton, the NJ Transit station at Princeton Junction and Princeton University.