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JLL brokers 120,000 s/f lease for pharma giant in Jersey

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.”

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