West Windsor Commons at 7 and 9 Roszel Road in West Windsor — Courtesy: JLL
By Joshua Burd
Insurance giant John Hancock has sold a fully leased, 302,000-square-foot office campus in West Windsor, in a deal arranged by brokers with JLL.
According to the capital markets team, a private buyer paid an undisclosed price for the two-building West Windsor Commons at 7 and 9 Roszel Road. The deal comes just under a decade after John Hancock, a unit of Manulife, acquired the complex about a half-mile from Route 1 and some three miles from downtown Princeton.
JLL’s Jose Cruz, Kevin O’Hearn, Michael Oliver, Steve Simonelli and Alexander Alfier represented the seller and procured the buyer, with assistance from leasing brokers David Stifelman and Jason Benson.
“West Windsor Commons has a great tenant lineup and long-term (weighted average lease term), which contributed to the interest levels,” Cruz said. “Well-located office buildings like this one in the Princeton suburbs continue to be in high demand from the investment community.”
The brokerage team, which also arranged the 2012 sale of the campus to John Hancock, noted that the property is minutes from interstates 95 and 295 and the Princeton Junction train station. Amenities at the five- and three-story buildings include a high-end fitness center, a full-service café, balconies on the upper floors and a courtyard with an enclosed walkway.
Tenants at West Windsor Commons include Bristol-Myers Squibb and Merrill Lynch/Bank of America.