JLL completes 118,000 SF lease at 9 Roszel Road in Princeton, New Jersey

Parsippany, N.J., December XX, 2020 — JLL has completed a 118,110-square-foot lease at 9 Roszel Road in Princeton, New Jersey. Bristol Myers Squibb signed a full-building, long-term lease at the Class-A, three-story office building, managed by Manulife Investment Management.

The property was designed by Hillier Architects and originally developed by SJP properties as a headquarters-quality facility. It is currently the only property within the office park with available branding rights. 9 Roszel Road is directly adjacent to 7 Roszel Road, which features an 8,000-square-foot fitness center and a full-service cafeteria with outdoor seating. John Hancock Life Insurance Company has planned an extensive renovation of 9 Roszel Road prior to Bristol Myers Squibb’s ocupancy, including a lobby redesign and restroom renovations, in addition to a recently refreshed cafeteria, and a resurfaced parking lot with updated lighting.

Located within a 24-acre trophy office park, 9 Roszel Road also falls within walking distance of the Hyatt Regency Hotel located in Carnegie Center. 9 Roszel Road is positioned on the Route 1 corridor, offering convenient access to seven major shopping centers and malls and a variety of restaurants. The property is one mile from the NJ-Transit Princeton Junction Station and is 10 minutes from I-295.

The JLL team representing Manulife Investment Management included David Stifelman, managing director, and Jim Schroeder and Jason Benson, senior vice presidents. Robert Morford of Morford & Dodds Realty represented Bristol Myers Squibb.

“This is a unique opportunity for a company to establish a footprint in a desirable office destination in the Northeast and to partner with a well-established landlords in the commercial real estate business,” said Stifelman. “The property is centrally-located between New York City and Philadelphia in one of New Jersey’s most in-demand submarkets, offering highly convenient transit, access to an educated workforce and proximity to Princeton University.”

JLL is a leader in the northern/central New Jersey commercial real estate market, with more than 1,260 professionals and support staff providing agency leasing and property marketing, tenant representation, industrial services, strategic consulting, occupancy planning, workplace strategies, project and development services, property and facility management, and investment sales/capital markets debt and equity services to New Jersey's leading corporate tenants, investors and landlords. The firm, which assists clients from five full-service offices in Parsippany, Iselin (Metropark), Princeton, Morristown and East Rutherford, also acts as a local service provider for JLL’s global and national corporate clients in need of real estate assistance in New Jersey. NJBiz ranked JLL’s New Jersey operations as the No. 1 commercial real estate brokerage in the Garden State in 2020.¹

¹ _{Published on 11/9/20 and ranked by: square footage sold/ leased in New Jersey.}