7 Roszel Road in West Windsor — Courtesy: JLL
By Joshua Burd
A fully leased, two-building office complex in West Windsor is on the market for sale, boasting a list of high-profile tenants and a location three miles from downtown Princeton.
Brokers with JLL are marketing the property, which includes adjacent structures at 7 and 9 Roszel Road. The former is a roughly 192,000-square-foot building that is leased to Merrill Lynch, Miami International Holdings and the Berlitz Corp., while the latter comprises some 118,000 square feet and is fully leased to Bristol-Myers Squibb.
Located off Alexander Road and southeast of Route 1, the campus known as West Windsor Commons was built in 1999.
“West Windsor Commons offers investors the rare opportunity to acquire a 100 percent leased trophy office complex with investment-grade tenants in an elite location,” JLL wrote in an announcement to would-be buyers.
The offering comes less than a year after Bristol-Myers Squibb signed the full-building lease at 9 Roszel Road. According to JLL leasing brokers at the time, the pharmaceutical giant chose the site due in part to its location between New York City and Philadelphia, its proximity to NJ Transit’s Princeton Junction station and its access to a highly educated workforce.
The buildings, which are also minutes from Route 1 and Interstate 295, are a short drive from major shopping centers and restaurants.
The JLL team of Jose Cruz, Kevin O’Hearn, Steve Simonelli, Michael Oliver and Alexander Alfier are marketing the building for sale, with support from Gregory H. Nalbandian of the firm’s debt and equity placement group. The company also listed a leasing team that includes JLL’s David N. Stifelman and Jason Benson.