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

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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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