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.