7 Roszel Road in West Windsor — Courtesy: JLL
By Joshua Burd
A securities exchange company has signed a lease renewal at a Princeton-area office building, where it occupies more than 94,000 square feet under a deal with Signature Acquisitions.
According to JLL, which secured the transaction, Miami International Securities Exchange LLC has been a tenant at 7 Roszel Road since shortly after its founding in 2007. Its decision to stay at the 184,000-square-foot property, part of a two-building campus in West Windsor, comes alongside Signature’s plan to refresh and upgrade the portfolio with a new conference center, a renovated cafeteria and remodeled common areas and restrooms.
JLL senior managing directors David Stifelman and Jason Benson represented ownership in the 94,445-square-foot renewal, working alongside Signature’s Sandy Monaghan. Bill King of King Realty represented MIAX, which develops, operates and trades on options exchanges and uses the Princeton location for its technology development center and national operations center.
“We are pleased to continue our longstanding partnership with MIAX, which has grown tremendously over its 15-year tenure at 7 Roszel Road,” said Monaghan, director of leasing and asset management at Signature Acquisitions. “We look forward to supporting the company as it continues to flourish in the property.”
In announcing the deal, JLL noted that 7 and 9 Roszel Road total more than 300,000 square feet and sit within a 24-acre park-like campus a mile from NJ Transit’s Princeton Junction station. The properties share on-site amenities such as an 8,000-square-foot fitness center with multiple workout areas and showers, bucolic walkways and outdoor seating and a full-service cafeteria.
MIAX’s neighbors at 7 Roszel Road include anchor Merrill Lynch, while 9 Roszel Road is fully leased to Bristol-Myers Squibb. JLL is currently marketing a single full-floor availability at the campus, which is just off Alexander Road, southeast of Route 1 and Interstate 295 and a short drive from major shopping centers and restaurants.
“The renewal by MIAX is an endorsement of ownership’s commitment to ensure this trophy property continues to meet the needs of modern office tenants,” Stifelman said. “With the latest renovation plans now underway, the complex is powerfully positioned to continue serving the needs of investment-grade tenants.”
