Fully leased, trophy office complex in Princeton trades
JLL Capital Markets led the sales efforts for West Windsor Commons
MORRISTOWN, NJ, Feb. 28, 2022 – JLL Capital Markets announced today that it has closed the sale of West Windsor Commons, a fully leased, trophy office complex totaling over 302,000 square feet in the Princeton New Jersey submarket.
JLL marketed the property on behalf of the seller, John Hancock/Manulife, and also procured the buyer.
West Windsor Commons is located at 7 and 9 Roszel Rd. in the Princeton submarket, historically one of the strongest and most desirable commercial real estate markets in the state and region. The transit-oriented complex is located just off Route 1 and in close proximity to Interstates 95 and 295, as well as the Princeton Junction train station. In addition, West Windsor Commons benefits from its location near the prestigious and world-renowned Princeton University.
Fully leased, the five- and three-story trophy office buildings offer a first-class amenity package and property features, including attractive lobbies, a state-of-the-art fitness center, full-service café, balconies on the upper floors, exterior fountain ponds and a lush courtyard with an enclosed walkway. Notable tenants at West Windsor Commons include Bristol Myers Squibb and Merrill Lynch/Bank of America.
The JLL Capital Markets team representing the seller was led by Jose Cruz, Kevin O’Hearn, Michael Oliver, Steve Simonelli and Alexander Alfier. This same team sold the property to John Hancock/Manulife in 2012. David Stifelman and Jason Benson from JLL’s Leasing team also assisted with the transaction.
“West Windsor Commons has a great tenant lineup and long-term WALT, which contributed to the interest levels. Well-located office buildings like this one in the Princeton suburbs continue to be in high demand from the investment community,” Cruz stated.
JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment sales and advisory, debt advisory, equity advisory or a recapitalization. The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.
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About JLL
JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. JLL shapes the future of real estate for a better world by using the most advanced technology to create rewarding opportunities, amazing spaces and sustainable real estate solutions for our clients, our people and our communities. JLL is a Fortune 500 company with annual revenue of $19.4 billion, operations in over 80 countries and a global workforce of more than 98,000 as of December 31, 2021. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.
About John Hancock
John Hancock is a unit of Manulife Financial Corporation, a leading international financial services group that helps people make their decisions easier and lives better. The company operates primarily as John Hancock in the United States, and Manulife globally, including Canada, Asia and Europe. The firm provides financial advice, insurance and wealth and asset management solutions for individuals, groups and institutions. Assets under management and administration by Manulife and its subsidiaries were CAD$1.3 trillion (US$1.1 trillion) as of June 30, 2021. Manulife Financial Corporation trades as MFC on the TSX, NYSE, and PSE, and under 945 on the SEHK. Manulife can be found at manulife.com.