Sab Russo, President of Princeton Property Partners, and CFO Spencer Page announced today that Specialty Insurance Agency has signed a long term lease for 12,554 sf at Monmouth Shores Corporate Park in Wall Twp. 

“1350 Campus Parkway was an exceptional value for our client.” said Russo.  “Specialty has been located in neighboring Brick Twp for 20 years and the building it occupies had essentially filled up with medical tenants over the years, making parking extremely challenging for employees and expansion impossible”.  

“The space leased by Specialty Insurance at 1350 was previously occupied by Meridian Health and contained many of the floor plan features desired by Specialty” explained Russo.  “We were able to reuse most of the existing improvements and construct a beautiful and functional space with no out of pocket expense by the tenant.”  

“The listing brokerage team of Steve Richel and Mike Jensen of Richel Commercial, and the Building Owners, Monmouth Shores Park Realty,  were very responsive and easy to work with” added Page.   

Specialty will be moving into its new quarters in October.   

About Princeton Property Partners:

Princeton Property Partners (PPP) is a vertically integrated, Princeton-focused commercial real estate family of companies. Established in 2001, the firm is led by partners Aubrey Haines, Sab Russo and Spencer Page.  Service lines include Development & Investment, Commercial Brokerage, Consulting, Advisory Services and Property & Construction Management.  PPP consistently ranks as one of the top development firms in Princeton.  Its commercial brokerage operation is also #1 or #2 in the market based on transaction value and square footage leased/sold. The firm has over 500,000 sf under management, making PPP one of the largest third-party property managers in the Princeton Market.