NJBiz uses these words (in the article linked below) to describe suburban corporate campuses in New Jersey- with enough combined square footage to fill five Empire State Buildings. PlanSmart NJ has taken on the task of developing a “toolkit” of sorts for municipalities to begin to deal with the 14.5 million square feet of vacant,…

We’ve posted a lot about New Jersey’s current incentive packages aimed at both retaining current jobs and businesses within the state’s borders and also attempting to attract new businesses and jobs. There are both fans and critics of these programs, as with most things. In an attempt to get an unbiased answer on whether or…

Quick facts: Who: TRAC Intermodal Currently located at: 211 College Road East, Plainsboro & 2 Independence Way, South Brunswick Will consolidate to: 750 College Road East, Plainsboro Size: 82,000 sf Lease term: 10 years, 9 months Incentive amount: $9.8 million Who: LMT Mercer Group Currently located at: 690 Puritan Ave, Lawrence Will build at new…

Leaders from 6 Mercer County towns came together to discuss their individual priorities and the future success of New Jersey as a whole. Popular topics of conversation included the NJ Transportation Trust Fund, walkable communities and NRG Energy’s new building in the breakfast hosted last week by the Princeton Regional Chamber of Commerce. West Windsor…

The phrase “mixed-use” has been around for a long time, but seems to be growing more prominent in conversations, news articles and online discussions each day. We’ve mentioned a few mixed-use projects in this news section in the past and have had many conversations in the office voicing different viewpoints and imagining possibilities for here…

Clark Machemer, the Rockefeller Group’s senior vice president and regional development officer, was recently announced as NAIOP New Jersey’s new President. He is a 15 year member and previously served as the chapter’s vice president for public affairs. Check out his interview with NJBIZ here.

Both Choose New Jersey & the Economic Development Authority recently brought on new CEOs: Michele Brown and Melissa Orsen, respectively. Both groups work towards improving the business and economic climate in the state. Learn more about Choose New Jersey and Michele Brown’s plan for helping the Garden State attract & retain business. Check out the…

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.…

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…

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…

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…

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…

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…

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…

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)

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…

Congratulations to our friends at Archer & Greiner! NJBiz announced their Business of the Year Awards winners last week at their annual event. We are very proud to congratulate our client, Archer & Greiner on being named the Corporate Citizen of the Year for 2014. For a full list of winners, please visit the NJBiz…

GlaxoSmithKline’s looming job cuts Earlier this fall it became known that GlaxoSmithKline, British drugmaker, was planning a restructuring of their U.S. operations over the next three years. GSK plans to eliminate $1.57 billion in annual expenses. Details began to surface early this week (read more on njbiz.com)  and fears that some of the jobs located…

Reflecting on 2014, the Mercer Oak Realty team has a great deal to be thankful for. We know that many folks have not been as fortunate, and the holidays are always a good time to remember that. This year there will be a Food & Holiday Gift Donation box set up in the Lobby of…

Ground Breaking on Route 1 NRG Energy, a power generation and retail electricity business, broke ground on its new 130,000 sf Headquarters this week in West Windsor. NRG currently occupies about 90,000 sf in the Princeton market- in 2 buildings. $37.5 million in tax incentives are helping the company consolidate and move less than a…

From nj.com story Construction boom coming to N.J. over next two years, business leaders predict: Business and industry leaders are predicting a construction boom over the next two years in New Jersey. Construction across the Garden State is forecast to rocket by 20 percent, according to agencies comparing their predictions at the New Jersey Alliance for…

It has taken 3 years, but Princetel’s 41,500 square foot repurposing project is finished and just received its LEED Platinum rating, making it the first LEED Platinum industrial building in New Jersey. LEED (Leadership in Energy & Environmental Design) is a certification program established by the US Green Building Council that requires buildings to satisfy…

4100 Quakerbridge Road, a 17 acre site south of the Quakerbridge Mall was sold to Costco for $9.4 million this week. Costco’s plans for the site are 156,000 sf worth of retail space including: a liquor store, pharmacy, optical services section, tire sales & installation and a 16 pump gas station- all of which should…

We are very happy to hear that our friends, Archer & Greiner P.C., have recently been ranked among the region’s best law firms- according to U.S. News & World Report–Best Lawyers report out earlier this week. Archer & Greiner, a full-service law firm, is one of the five largest law firms in New Jersey and…