JLL Capital Markets closed the sale of West Windsor Commons, a fully leased, trophy office complex totaling over 302,000 square feet in the Princeton 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 Road 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 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 (weighted average lease term), 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.