March 5, 2021
Planted Plate Vegan Restaurant Opens in Princeton, NJ
Princeton Property Partners, owner of several commercial properties in downtown Princeton announces the opening of Planted Plate vegan restaurant at its 15 Spring Street property. Princeton Property Partners’ affiliate Mercer Oak Realty negotiated the 2,221 sf lease.
Planted Plate is the first vegan restaurant to open in Princeton and it has been enjoying robust demand in its first month in operation. Owner and chef Omer Basatemur said: “With the University population, Princeton is an ideal location for our business to thrive. We have a dining-in as well as pick-up and delivery service.”
Aubrey Haines, Managing Partner of Princeton Property Partners said: “Omer is a first-class operator and owner. This is his third store and he knows this business and how to succeed. We are very excited to have Planted Plate as a tenant in our Princeton Portfolio”.
Sab Russo, President of Mercer Oak Realty said: “We enjoyed working with Omer to complete the lease negotiations for this full-floor tenant. 15 Spring Street is now 100% leased.”
Spencer Page, COO of Princeton Property Management said: “The construction work to get Planted Plate into the building was not extensive but it was technically challenging. Work included installing a kitchen, with a hood and all cooking and refrigeration appliances into a space that was previously a spice shop. With grit and determination, we were able to help Omer get the work completed.” In addition to providing construction management services, Princeton Property Management manages the property.
Princeton Property Partners purchased the 15 Spring Street property in 2011 and leased the 2nd floor to engineering company Stonefield Design in 2017.
About Princeton Property Partners, LLC:
Princeton Property Partners, LLC is a Commercial Real Estate Advisory firm that manages a portfolio of mixed-use properties in the Princeton, NJ market. PPP has grown assets under management by over 300% in the past 3 years.
About Mercer Oak Realty, LLC:
Mercer Oak Realty, LLC is a Commercial Real Estate Brokerage firm serving the Princeton, NJ market since 2001. Mercer Oak Realty helps clients reach their goals through sophisticated and intelligent real estate decision making by applying a deep understanding of the market and keen negotiating skills.
About Princeton Property Management, LLC:
Princeton Property Management, LLC is a Commercial Real Estate Management firm that manages buildings and construction work for the PPP Portfolio as well as third party clients. PPM currently manages over 400,000 sf of space in the greater Princeton market.
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