Sab Russo, President of Princeton Property Partners (aka Mercer Oak Realty) announced that his team had secured 4,000 sf of space at 15 Exchange on the Jersey City Waterfront for  Essential Properties Realty Trust (EPRT), a publicly traded REIT on the New York Stock Exchange.  

The 11 story, 136,000 sf office building boasts spectacular, unobstructed views of the Hudson River and Manhattan skyline.  Access to mass transit is unmatched with the Exchange Place PATH station and Hudson-Bergen Light Rail immediately across the street.   

“EPRT is headquartered in Princeton, but required a satellite office in Jersey City to allow easy access to financial markets and to recruit talent from the North Jersey and NYC ” said Russo.  

“David Elkouby, Managing Partner for the Landlord, American Equity Partners, is hands-on and has a great team in place” said Russo .  Mike Pietrowicz and David Stifelman of JLL represented the Landlord.

This is the second transaction that PPP has negotiated for EPRT; the first being a long term lease for  its 14,000 sf headquarters at 902 Carnegie Center in Princeton.     

Sab Russo and Krista Weaver represented Essential Properties.  

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.