News
May 14, 2020
Mercer Oak Realty Represents Universal Display in 88,000 SF Purchase
Sab Russo, President of Mercer Oak Realty, announced today that Universal Display Corporation (UDC) had acquired two single story office buildings to accommodate its expansion in Ewing, NJ.
UDC, the creator of OLEDs (Organic Light Emitting Diodes) used in newer flat screen TVs, cell phones, as well as cutting edge lighting applications, acquired the adjoining assets in two separate transactions.
Mercer Oak represented UDC and negotiated the sale of both 250 Phillips Blvd. in Ewing (40,000 sf), and 300 Phillips Blvd. (48,000 sf). Steve Tolkach of Newmark Knight Frank represented the seller of 250 Phillips while Tom Romano of JLL represented 300 Phillips Blvd.
Mercer Oak Realty’s affiliate, Princeton Property Management, will manage the assets for UDC.
About Mercer Oak Realty LLC:
Mercer Oak Realty (MOR) is a vertically integrated, Princeton-focused commercial real estate services firm. Established in 2002, the firm is led by Aubrey Haines (20 years at Jackson Cross/Trammell Crow) and Sab Russo (20 years at CBRE). Service lines include Commercial Brokerage, Consulting and Development/Advisory Services. MOR consistently ranks as one of the top firms in Princeton market share in terms of transaction value and square footage leased/sold. Through MOR’s affiliate, Princeton Property Management, the firm has over 400,000 sf under management making PPM one of the largest third-party property managers in the Princeton Market.
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