{"id":1004499937,"date":"2020-12-17T06:50:52","date_gmt":"2020-12-17T14:50:52","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004499937"},"modified":"2020-12-17T06:50:52","modified_gmt":"2020-12-17T14:50:52","slug":"bristol-myers-squibb-inks-118-ksf-lease-in-new-jersey","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/bristol-myers-squibb-inks-118-ksf-lease-in-new-jersey\/","title":{"rendered":"Bristol Myers Squibb Inks 118 KSF Lease in New Jersey"},"content":{"rendered":"<div id=\"attachment_1004499940\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/12\/9-Roszel-Road.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004499940\" data-attachment-id=\"1004499940\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/bristol-myers-squibb-inks-118-ksf-lease-in-new-jersey\/9-roszel-road\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/12\/9-Roszel-Road-e1608132193528.jpg\" data-orig-size=\"1000,750\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"9 Roszel Road\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;9 Roszel Road&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/12\/9-Roszel-Road-e1608132193528.jpg?w=1000\" class=\"wp-image-1004499940 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/12\/9-Roszel-Road-e1608132193528.jpg\" alt=\"\" width=\"300\" height=\"225\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/12\/9-Roszel-Road-e1608132193528.jpg 1000w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/12\/9-Roszel-Road-e1608132193528.jpg?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/12\/9-Roszel-Road-e1608132193528.jpg?resize=768,576 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004499940\" class=\"wp-caption-text\">9 Roszel Road<\/p><\/div>\n<p>Bristol Myers Squibb has signed a 118,110-square-foot long-term lease at 9 Roszel Road in Princeton, N. J. The global biopharmaceutical company will be the sole occupant of one of the two Class A buildings at the site, owned by Manulife Investment Management. JLL arranged the deal for the landlord, while Morford &amp; Dodds Realty worked on behalf of the tenant.<\/p>\n<p>Originally developed by SJP Properties and designed by Hillier Architects, the buildings came online in 1999. Comprising 303,756 square feet at 7 and 9 Roszel Road, the site is part of a 24-acre trophy office park, where it is currently the only property with available branding rights. According to CommercialEdge data, Manulife picked up the asset in 2012 for $88.5 million.<\/p>\n<p>Located halfway between New York City and Philadelphia, the site is situated just off Route 1 and 2 miles away from Princeton University. NJ-Transit&#8217;s Princeton Junction Station&nbsp;is a mile to the east.<\/p>\n<h2>Planned upgrades<\/h2>\n<p>The three- and five-story structures feature floor plates ranging between 36,600 and 38,500 square feet. 7 Roszel Road includes an 8,000-square-foot fitness center and a full-service cafeteria. The owner had planned to upgrade 9 Roszel Road prior to closing the deal with Bristol Myers Squibb. The renovation project included the redesign of the lobby and cafeteria, restroom-upgrades, as well as parking lot resurfacing.<\/p>\n<p>Managing Director David Stifelman, along with Senior Vice Presidents Jim Schroeder and Jason Benson made up the JLL team, while Robert Morford of Morford &amp; Dodds Realty arranged the transaction for the other party. In a <a href=\"https:\/\/www.commercialsearch.com\/news\/lincoln-equities-group-jv-buys-1-2-msf-life-sciences-campus\/\">recent deal<\/a>, Bristol Myers Squibb sold a 433-acre, 1.2 million-square-foot life sciences campus&nbsp;situated 9 miles west of the current lease location. The biopharma giant occupied the campus until 2018.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The biopharmaceutical giant will occupy the entire Class A office building at 9 Roszel Road in Princeton.<\/p>\n","protected":false},"author":739,"featured_media":1004507533,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21784,21743,1600,21742,10,21747],"tags":[32796],"class_list":["post-1004499937","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-brokerage","category-deals","category-new-york","category-latest","category-northeast","category-office","tag-jll"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Bristol Myers Squibb Inks 118 KSF Lease in New Jersey - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/bristol-myers-squibb-inks-118-ksf-lease-in-new-jersey\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bristol Myers Squibb Inks 118 KSF Lease in New Jersey\" \/>\n<meta property=\"og:description\" content=\"The biopharmaceutical giant will occupy the entire Class A office building at 9 Roszel Road in Princeton.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/bristol-myers-squibb-inks-118-ksf-lease-in-new-jersey\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2020-12-17T14:50:52+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/03\/9-Roszel-Road.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1000\" \/>\n\t<meta property=\"og:image:height\" content=\"800\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Beata Lorincz\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/bristol-myers-squibb-inks-118-ksf-lease-in-new-jersey\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/bristol-myers-squibb-inks-118-ksf-lease-in-new-jersey\\\/\"},\"author\":{\"name\":\"Beata Lorincz\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/23f841021ddf3b38ebc56abefe1d6004\"},\"headline\":\"Bristol Myers Squibb Inks 118 KSF Lease in New Jersey\",\"datePublished\":\"2020-12-17T14:50:52+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/bristol-myers-squibb-inks-118-ksf-lease-in-new-jersey\\\/\"},\"wordCount\":290,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/bristol-myers-squibb-inks-118-ksf-lease-in-new-jersey\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2021\\\/03\\\/9-Roszel-Road.jpg\",\"keywords\":[\"JLL\"],\"articleSection\":[\"Brokerage\",\"Deals\",\"New York\",\"News\",\"Northeast\",\"Office\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/bristol-myers-squibb-inks-118-ksf-lease-in-new-jersey\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/bristol-myers-squibb-inks-118-ksf-lease-in-new-jersey\\\/\",\"name\":\"Bristol Myers Squibb Inks 118 KSF Lease in New Jersey - 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