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News

How to Prepare Your Multifamily Property for Winter

As we’ve all heard countless times before from our favorite sports coaches, the best offense is a good defense, and readying your multifamily property for winter is no different. Read the full article here. 

4 Commercial Property Management Trends You Need to Know

As a property manager, it’s wise to regularly evaluate market trends so you and other stakeholders can make the right decisions for your business moving forward. Read the full report here.

Welcome to the Gig Economy

If you haven’t heard of it, you will. Gig workers are playing a growing role in how corporate space users are redefining their staffing. Read the full report here.

5 Areas to Focus on for Better Workplace Productivity

A new study shows just how impactful a poorly planned workplace is on employees, which can negatively impact performance. Read full report here.

New BOMA Standard: What Size Is Your Office Building Really?

Need more proof that the way millennials work is impacting office real estate? Read the full report here.

Why Retail Landlords Are Turning to Apartments to Shore Up Their Properties

Construction has started on a 23-story upscale apartment tower at Westfield UTC, a one-million-sq.-ft. outdoor center in San Diego, but the project is much more than the redevelopment of an upscale retail center owned by the Sydney, Australia-based Westfield. Read the full report here.

Save Big with Three Tips for More Efficient Vendor Management

Managing vendors and processing payables are significant cost drivers for real estate companies. Read the full article on irem.org

Are Low Interest Rates Always Good for the Real Estate Market?

The Federal Reserve raised interest rates in June, signally that government leaders think the economy is gaining strength. The latest hike is being met with mixed responses. Read the full report here. 

Company gets $12M in tax credits to move 5 miles away

Billtrust, a provider of outsourced billing services, has announced plans to move its headquarters to Lawrence, just 5 miles from its current home in Hamilton, after receiving more than $12 million in tax credits from the state. Read the full article on nj.com

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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…

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New Jersey Sees 6.9% Unemployment Drop

New Jersey officials say the state unemployment rate dropped to 6.9 percent for April, its lowest level in more than five years. (read full story from The Trentonian here.)

AvalonBay officially files lawsuit against Princeton officials

PRINCETON — After giving Princeton attorney Trishka Cecil a heads-up phone call Tuesday afternoon, AvalonBay officially filed suit against the town, council, Mayor Liz Lempert and several municipal department heads today,hoping the court can intercede in environmental matters concerning the 280 residential units the developer is proposing for the former University Medical Center site. (read…

Pharma Companies Find Homes at PrincetonSouth

We are happy to announce over 21,000 sf of new tenants/expansions at 100 & 200 PrincetonSouth Corporate Center. Mercer Oak Realty has continued to lease-up space at PrincetonSouth in the past year and recently increased its Pharmaceutical industry tenancy with new leases by Celator Pharmaceuticals and Essential Pharmaceuticals. Existing tenant, Antares Pharma has also recently…

Join Us! Significant Incentives Available for Companies Staying In or Relocating To New Jersey

The GrowNJ program encourages companies to create jobs and make capital investments in the Garden State. By moving from Pennsylvania (or any other state) a 25 employee company could earn at least $750,000 in incentives money, while a 50 employee company could bring in a minimum of $1,500,000. New Jersey companies can also benefit from…

Airport Corporate Park now 70% occupied

Mercer Oak Realty is happy to announce a recent lease transaction at 100 Airport Corporate Park. Horizon NJ Health, a subsidiary of Horizon Blue Cross Blue Shield of New Jersey, has leased 23,145 sq. ft. of office space at Building 100 in Airport Corporate Park, bringing the company’s total space occupancy at the park to…

Construction Begins on Hill Wallack LLP's New Building

Mercer Oak Realty is proud to announce that Hill Wallack LLP has begun construction on their new office building at 21 Roszel Road in West Windsor. Mercer Oak Realty represented Hill Wallack LLP in the 48,000 sf lease. This new location will accommodate Princeton-based Hill Wallack LLP’s growing workforce and re-invent their office’s work environment,…

Princeton Law Firm Signs 22,000 sf Lease

We are happy to announce that our client, Archer & Greiner, has signed a long-term lease with Boston Properties for 22,000 sf at 101 Carnegie Center in Princeton, NJ. The 22,000 sf at 101 Carnegie Center gives Archer & Greiner space to expand their operations and offers a more client friendly meeting space and conference…

Haines chats with The Times of Trenton about the Mercer County Office Market

Aubrey Haines spoke with Brendan McGrath of The Times of Trenton about the Mercer County Commercial Real Estate market. Despite the success of the building and the current strength of the market, local development of large commercial office buildings has been slow to pick up coming out of the recession. There has been little new…

Aubrey Haines Presents 2014 Real Estate Forecast

Princeton Office Market to experience Class A Space Shortage Mercer Oak Presents Princeton Office Market Report Princeton, NJ – Over 160 Real Estate professionals from the Princeton Market gathered on Tuesday January 28 at the Hyatt Regency to discuss the 2014 Real Estate Forecast. Mercer Oak’s Aubrey Haines presented The Princeton Office Market Report and…

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Princeton Property Partners

200 Princeton South Corporate Center
Suite 100
Ewing, NJ 08628

info@ppp.usa.com


609.452.0200

Recent News

Princeton Property Partners negotiates lease for Essential Properties Realty Trust at 15 Exchange in Jersey City

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…

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…

Princeton Property Partners represents Specialty Insurance Agency, Inc. for 12,554 sf relocation to Wall Twp

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…

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