News
Mercer Oak Realty Negotiates 13,450 SF Lease with Essential Property Realty Trust
Mercer Oak Realty announced today that they negotiated a long-term lease for 13,450 SF on behalf of Essential Properties Realty Trust (NYSE: EPRT). EPRT will relocate its Headquarters to 902 Carnegie Center in Princeton. Sab Russo, President of Mercer Oak represented EPRT. Peter Hedley of Hilton Realty represented the owner of 902 Carnegie. This is the…
Mercer Oak Realty Represents Universal Display in 88,000 SF Purchase
Sab Russo, President of Mercer Oak Realty, announced today that Universal Display Corporation (UDC) had acquired two single story office buildings to accommodate its expansion in Ewing, NJ. UDC, the creator of OLEDs (Organic Light Emitting Diodes) used in newer flat screen TVs, cell phones, as well as cutting edge lighting applications, acquired the adjoining…
2018 Market Report
Mercer Oak Realty, Princeton Property Partners & Princeton Property Management are proud to present our 2018 Market Report (click to download). See our take on latest trends in the market.
First Bank Expands in Hamilton New Jersey
First Bank Expands in Hamilton New Jersey Hamilton, NJ – Mercer Oak Realty, a leader in Princeton Area Commercial Real Estate, announces that First Bank has signed a long-term lease at 1395 Yardville Hamilton Square Road. First Bank will use the 11,000 sf as expansion space to house additional executive and administrative staff needs, adjacent…
2018 Central NJ Real Estate Forecast
The 5th annual Central Jersey Real Estate Forecast will be taking place on Friday, January 26th. This year promises to be a thoughtful and interesting event and will feature keynote speaker Jeffrey Otteau of the Otteau Group. Mercer Oak Realty’s CEO Aubrey Haines will join the panel, along with Judson R. Henderson Broker of Record/Managing Member, Callaway Henderson…
Five Ways To Spruce Up Spec Suites
For owners of office buildings, constructing “spec suites” as ready-to-occupy office spaces can be a no-fail way to attract tenants — if these spaces are designed well. Read full article here.
Large buildings may soon get report cards for energy efficiency
Just like restaurants post letter grades in their windows, large buildings may soon have to broadcast their energy efficiency ratings. Read full report here.
Growing tech firms now drive high-end office market from Seattle and SF to Manhattan
When F5 Networks signed a lease last spring for 28 floors in the Mark, a new 48-floor office and hotel edifice in downtown Seattle, the deal capped a hunt for new headquarters that in 2019 will provide the company with room to grow and its employees with nearby transit, restaurants and other amenities. Read the full report here.
Three Keys to a Successful Property Budget Review
A budget is your vision of an asset and a forecast of potential earnings. While creating a portfolio or property budget, our deniable need to put everything under the microscope to review and analyze blurs the view. Read the full report here.
Trenton: New Mayor, New Plan
Mercer Oak Realty was in attendance last week at the recently renovated Wyndham Garden on West Lafayette Street in the Capitol City as MIDJersey Chamber welcomed Trenton’s newly-elected Mayor Eric Jackson and learned more about the Trenton250 plan. Opening remarks were delivered by the Honorable Eric Jackson, a Capitol City native and Fairleigh Dickinson graduate.…
Commercial Real Estate Updates
Report: N.J. incentives to bring bump to suburban offices in Q2 With a little help from the state’s revamped business incentives, a few New Jersey suburbs have seen bumps in office leasing in recent months, according to a new second-quarter analysis by the brokerage firm Avison Young. (read full story at njbiz.com) New COAH rules…
News from Around Mercer County
Bill expanding tax credits for film production advanced by senate panel: A bill that would expand the state’s incentive offerings for film and digital media projects has passed the state Senate and is now headed to an Assembly committee. (njbiz.com) Subsidizing big business in NJ: Burlington, Mercer Counties rank in top 10: When executives of…
Special Olympics New Jersey: Mercer County Hosts a Celebration
This past week over 3,500 athletes competed in the 2014 Special Olympics Summer Games, joined on the sidelines by their coaches, fans & families. The games took place state-wide, with most of the events finding homes in Mercer County. Princeton University, The College of New Jersey, Peddie School, Mercer County Park, Rider University, The Hun…
PrincetonSouth Welcomes Independent Travler
Leasing Continues at PrincetonSouth Corporate Center The Independent Traveler, Inc., a subsidiary of TripAdvisor Inc., signs lease for 16,000 sf office Mercer Oak Realty proudly welcomes The Independent Traveler©, Inc., a subsidiary of TripAdvisor© Inc., to the expanding tenant roster at PrincetonSouth Corporate Center. The corporate park has seen over 40,000 sf of new leases…
In the News: Week of June 1st
Hopewell Township: 200-acre Rezoning Critics Have Say The possibility of a major change to the Valley’s landscape- construction of a large mixed-use development off the western side of Scotch Road, between I-95 to the south and Route 546 to the north will continue to be discussed at future Planning Board and Township Committee meetings. (read…
REBA Breakfast: What is “Green” & Why You Should Know More About It
Come learn the basics of “green” building- what it is and how it may impact your and your clients business needs. Princeton Area residential & commercial companies share their success stories & lessons learned about one of the fasted growing trends in real estate. On June 12th, Joshua Zinder (Joshua Zinder Architecture + Design), Vincent…
Bristol-Myers Squibb details new plans for Lawrence property
Many plans have been made for a 75.4 acre piece of property on Princeton Pike at the intersection of I-95, but so far a giant oak tree has had the land all to itself. (read full story on nj.com here)
$58 million in Incentives Awarded to New Jersey Companies
New Jersey awarded Unilever $40 million in tax breaks Friday to keep the company in Englewood Cliffs and retain 1,600 jobs in the state, while giving JPMorgan Chase Bank and RBC Capital Markets about $300 million in breaks in return for the companies’ commitment to add 1,900 jobs in Jersey City over 10 years. (Read…
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…
Mercer Oak Realty Negotiates 195,000 SF Long Term Warehouse Lease with the State of New Jersey
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),…
Mercer Oak Realty represents Princeton Eye Group in 11,874 sf Lease
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. …
Mercer Oak Realty represents Newgrange in purchase of 31,500 sf facility
Princeton, NJ – Mercer Oak Realty, a leader in Princeton Area Commercial Real Estate, represented The Newgrange School in the purchase of a 31,500 sf building. Mercer Oak’s affiliate, Princeton Property Management, is managing the reconstruction of the new facility at 800 North Road in Hopewell, NJ. The 31,500 sf at 800 North Road gives…
Princeton Property Partners Negotiates the Purchase of a 32,000 sf School Facility for Newgrange and Laurel Schools in Hopewell, NJ
Princeton Property Partners (PPP) has advised client Newgrange and Laurel Schools in the purchase of a 32,000 square foot building at 800 North Road in Hopewell, NJ. PPP worked with the Schools’ legal team to obtain a variance to use the property as a school. Then, during Covid, PPP managed a significant reconstruction of the building to…
Princeton Property Partners Negotiates a New Lease for United Fire Group in Ewing, NJ and Simultaneously Completes a Sale Transaction of its Pennington, NJ Office Building
Princeton Property Partners (PPP) has advised client United Fire Group (UFG) in its lease of a 16,000 square foot space at PrincetonSouth Corporate Center in Ewing, NJ. PPP simultaneously negotiated a sale of UFG’s 26,000 sf office building in Pennington, NJ. “PPP achieved the seemingly impossible – negotiating a lease for our new modern offices in…
Mercer Oak Realty Negotiates 30,000 SF Lab Sublease with CSPC in Ewing
The third largest pharmaceutical company in China, CSPC, has consolidated several US operating divisions into 801 PrincetonSouth Corporate Center in Ewing, NJ.Mercer Oak Realty and CBRE worked on behalf of CSPC to secure an 11-year sublease for 30,000 sf with DuPont, who was represented by JLL.This Class A, 56,000 square foot biology lab building was…
Mercer Oak Realty Negotiates 3,969 SF Office Sublease with Frauscher Sensor Technology at Roszel Square in W. Windsor
Frauscher Sensors Technology, the Austrian based Rail Services company, has signed a long-term sublease for 3,969 SF at 21 Roszel Rd, West Windsor, NJ. Frauscher provides industry-leading wheel sensors and axle counters to monitor rail traffic for passenger, freight and mass transit applications. Frauscher will relocate its North American Headquarters to 21 Roszel Rd in…
J. Knipper Company Extends Lease at 1009 Lenox Drive in Lawrenceville
Sab Russo, President of Mercer Oak Realty, announced today that MOR, in conjunction with The Flynn Company of Philadelphia, has extended J. Knipper Company’s 23,000 sf lease at Princeton Pike Corporate Center.Knipper Company is one of the largest pharmaceutical direct marketing and drug sampling firms in the US.Mercer Oak Realty and Flynn represented Knipper in…