Skip to main content

Month: December 2020

Mercer Oak Realty Negotiates 195,000 SF Long Term Warehouse Lease with the State of New Jersey

Written by Asenka on . Posted in Announcements, Around Central New Jersey, Clients, MOR, News.

Mercer Oak Realty, LLC announced today that site work has commenced on a 195,000 sf warehouse/storage building at 380 Scotch Rd in Ewing, NJ.

The new building will consolidate various State Departments warehousing needs currently scattered around Mercer County.

The Development Team includes TG & Associates (Developer), Bernardon (Architecture and Design), Maser Consulting (Civil Engineer), Warfel Construction (GC), Princeton Property Management (Project Management), Mercer Oak Realty (Brokerage).

Completion is slated for 3Q 2021.  Terms of the long term lease were not disclosed.

About Mercer Oak Realty, LLC:

Mercer Oak Realty is part of a vertically integrated, Princeton-focused commercial real estate services family of companies. Established in 2001, the firm is led by partners Aubrey Haines, Sab Russo and Spencer Page.  Service lines include Commercial Brokerage, Consulting, Development/Advisory Services and Property & Construction Management.  Mercer Oak consistently ranks as one of the top firms in Princeton based on transaction value and square footage leased/sold. Through Princeton Property Management, MOR’s affiliate, the firm has over 500,000 sf under management making PPM one of the largest third-party property managers in the Princeton Market.

Mercer Oak Realty represents Princeton Eye Group in 11,874 sf Lease

Written by Asenka on . Posted in Announcements, Around Central New Jersey, Clients, MOR, News.

Sab Russo, President of Mercer Oak Realty, LLC, announced today that Princeton Eye Group P.A. (PEG), has signed a long term lease for 11,874 sf at 298 Applegarth Rd in Monroe Twp.  With offices in Monroe, North Brunswick, Somerset and Princeton, PEG is the largest and most reputable Ophthalmology and Optometry practice in the region.  PEG’s service lines also include Wills Laser Vision and Eye Surgery Princeton.  The practice will relocate from 1600 Perrineville Rd in 1Q 2021.

“After being in our current space for over 30 years, the partners had a decision to make: either stay put and perform an expensive and inconvenient makeover, or relocate to a new, modern medical building” said Director of Eye Surgery, Dr. Dave Reynolds.  “Sab found the perfect space for our Monroe Office and negotiated incredible long term lease terms for our firm with most of the Tenant Improvements paid for by the Landlord!”

298 Applegarth is a state of the art medical building was developed by TAK Group of Clark, NJ and owned by Applegarth Realty, LLC.  The building is also home to Saint Peters Medical and DaVita Kidney Care.  Paul March of Newmark Knight Frank assisted in the transaction.

About Mercer Oak Realty, LLC:

Mercer Oak Realty is part of a vertically integrated, Princeton-focused commercial real estate services family of companies. Established in 2001, the firm is led by partners Aubrey Haines, Sab Russo and Spencer Page.  Service lines include Commercial Brokerage, Consulting, Development/Advisory Services and Property & Construction Management.  Mercer Oak consistently ranks as one of the top firms in Princeton based on transaction value and square footage leased/sold. Through Princeton Property Management, MOR’s affiliate, the firm has over 500,000 sf under management making PPM one of the largest third-party property managers in the Princeton Market.