Princeton Property Partners negotiates acquisition of 950 Hamilton St in Somerset for Princeton Eye Group

Sab Russo, President of Princeton Property Partners (PPP) announced today that Princeton Eye Group has closed on 950 Hamilton St in Somerset for an undisclosed price.  With offices in Monroe, North Brunswick, and Princeton, Princeton Eye Group (PEG) is the largest and most reputable Ophthalmology and Optometry practice in the region.  The practice will relocate from its current location on Easton Avenue in 4Q 2025. 

“This free standing, two story building met all of PEG’s criteria: visible and easily accessible location for existing patients, on-site ample parking for patients and staff, back-up power, all new mechanical, plumbing and electrical systems”  said Russo, “the previous tenant (a dialysis company) had spent considerable dollars to completely retrofit the building inside and out but never occupied the building”.  

Managing Partner of PEG, Dave Reynolds commented “we could not be happier with the acquisition of 950 Hamilton St.  This property will allow our firm to expand its presence and market share in the growing New Brunswick/Somerset County market.”    

Including a 12,000 sf long term lease in Monroe in 2020, this is the second transaction PPP has completed for Princeton Eye Group.  

Robert Ryan and Shawn Straka of CBRE represented the Seller.  

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.