May 19, 2020
Mercer Oak Realty Negotiates 3,969 SF Office Sublease with Frauscher Sensor Technology at Roszel Square in W. Windsor
Frauscher Sensors Technology, the Austrian based Rail Services company, has signed a long-term sublease for 3,969 SF at 21 Roszel Rd, West Windsor, NJ. Frauscher provides industry-leading wheel sensors and axle counters to monitor rail traffic for passenger, freight and mass transit applications. Frauscher will relocate its North American Headquarters to 21 Roszel Rd in Carnegie Center and expects to occupy in September.
Mercer Oak Realty represented both Frauscher and the Sublessor to complete the transaction.
21 Roszel, a Class “A” 62,500 SF, three-story office building was constructed in 2015 by a partnership between Gottesman Real Estate Partners and Mountain Development as a build-to-suit for Hill Wallack, who has naming rights and occupies the top two floors. 21 Roszel is the first building of this approved two-building complex and boasts a fitness center and grab-and-go café. Sister Building, 38,000 SF 19 Roszel Square, will feature a full-service cafeteria and rooftop terrace.
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 Princeton Property Management, MOR’s affiliate, the firm has over 400,000 sf under management making PPM one of the largest third-party property managers in the Princeton Market.
Around Central New Jersey