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…
Princeton Property Partners Negotiates the Sale of a 101 acre Parcel of Farmland in Upper Pittsgrove, NJ
Princeton Property Partners (PPP) has advised client GALA Farms (GALA) in the sale of a 101 acre parcel of farmland on Route 77 in Upper Pittsgrove, NJ. Formerly a peach orchard and blackberry vineyard, the land will be cleared for the new owner to farm ground crops. “I managed the picking crew in these orchards when I…
Property Partners Advises Mercer Street Friends in the Acquisition of its new Warehouse/ HQ Building at 3 Graphics Drive In Ewing, NJ
Princeton Property Partners has advised client Mercer Street Friends in the acquisition of a new 42,000 square foot building that will house its growing warehouse needs and provide expanded space for its headquarters staff. Mercer Street Friends is a Quaker affiliated, social service nonprofit that helps to lead the battle against food insecurity in Mercer…
Princeton Property Partners Negotiates the Sale of a 70 acre Parcel of Farmland in Upper Pittsgrove, NJ
Princeton Property Partners (PPP) has advised client GALA Farms (GALA) in the sale of a 70 acre parcel of farmland in Upper Pittsgrove, NJ (near the town of Elmer). Formerly a peach orchard, the land will be cleared for the new owner to farm ground crops. “PPP has been our broker for decades. They understand what we need…
Princeton Property Partners Obtains Site Plan Approval for 60 North Tulane Street in Downtown Princeton
Princeton Property Partners has obtained Site Plan Approval for a new multi-family/ mixed-use property in Downtown Princeton. The Princeton Planning Board has unanimously approved an application for development of 19 apartments and 1,400 square feet of office space at 60 North Tulane Street in Downtown Princeton. The property is two blocks from Nassau Street, the main street…
Princeton Property Partners Affiliate Acquires 172 Nassau Street in Downtown Princeton, NJ
An affiliate of Princeton Property Partners (PPP) has acquired a 100 year-old mixed-use property on Nassau Street in Princeton. Prior to the acquisition, PPP was able to complete a lease extension with CVS Pharmacy through 2034. PPP also plans to add value via a complete renovation of the 2nd and 3rd floor apartments. “This property is an ideal candidate to…
Property Partners Advises Adare Pharma in the Renewal of its HQ Lease at 1200 Lenox Drive in Lawrenceville, NJ
Princeton Property Partners (PPP) has advised client Adare Pharmaceuticals in the renewal of a its 11,000 square foot lease at Princeton Pike Corporate Center in Lawrenceville, NJ. PPP negotiated the company’s initial lease at the building back in 2015. “PPP was great. They really understood our needs and helped us to get the best possible deal at…
Mercer Oak Realty Welcomes Vice President
Ewing, NJ – Dawn Stillwell, of Haddon Township, NJ, has joined Mercer Oak Realty, Princeton’s commercial real estate brokerage firm, as vice president, announced Mercer Oak’s CEO, Aubrey Haines, LEED AP. As Vice President, Stillwell concentrates on business development, strategic planning and team leadership. She researches and pursues leads to bring new clients to the…
Church & Dwight Moves into New HQ Building at PrincetonSouth
Mercer Oak Realty would like to officially welcome Church & Dwight to Princeton South Corporate Center.
Marketour: The Easiest Way to Find Your New Office
You may have noticed a new feature on our website- Marketour. Have you checked it out yet? Marketour is a tool for any company interested in learning more about office space in the Princeton Market. “Marketour started out as an in-house presentation tool years ago. Working with our tenant representation clients, we realized just how…
Buyers & plan remain a unknown, but Congoleum factory in Hamilton, NJ sells
On Wednesday, Hamilton township officials announced that the 1-million square foot Congoleum plant on Sloan Avenue in Hamilton, NJ was sold. The plant’s location makes it an interesting opportunity to develop. It is situated very close to major highways, creating easy access and also extremely close to the Hamilton Train Station, leading some to wonder…
US1 Covers Sab Russo's Commercial Real Estate Trends
Sab had a chance to chat with Diccon Hyatt of US1 last week before he gave his presentation at the MIDJersey Chamber’s Breakfast Forum on Thursday the 23rd. Hyatt not only learned about the booms & busts that would be in Sab’s presentation, but also a little more about Sab himself. Check out the article…
Industry Thought Leaders Discuss the Princeton Commercial Real Estate Market
This morning’s MIDJersey Chamber Breakfast Forum had a great turnout, despite the cold rainy start to the day. Attendees sipped coffee and snacked on pastries as Jerry Fennelly (NAI Fennelly), Sab Russo (Mercer Oak Realty) and David Lodato (Credit Union of New Jersey) took turns speaking about various important aspects of the current Princeton Commercial…
Urban Renewal Without an Urban Center
Urban crawl: After many years, the time is right for towns to create urban pockets where none exists Urban renewal has worked in Montclair. It has worked in Morristown. But what can developers and local officials do when they have no urban center to renew? They can create one. Read the full story on njbiz.com
Breakfast Forum: Commercial Real Estate Trends in Central NJ
What’s your Thursday morning look like? Have time to grab a cup of coffee and danish with us? Our President, Sab Russo will be joining MIDJersey Chamber’s Commercial Real Estate Trends in Central NJ panel this Thursday morning, October 23rd, from 8 am until 10 am at Mountain View Golf Course. Sab will be speaking…
Steps for Scotch Road
The owners of the property in Hopewell formerly owned by Merrill Lynch have decided to abandon the current zoning, which calls for office use. They are seeking new zoning that would allow a proposed development dominated by multi-family with some retail and 94,000 sf of office (down from 1,000,000+ sf of office). Recently, Bristol-Myers Squibb…
Thank YOU!
Despite Saturday morning’s rain, over 100 people still came to the Trenton Y5K as 5K runners or 1 mile walkers. This year’s event raised $60,000 for the Trenton YMCA. Thank you to all sponsors & participants! The Mercer Oak Realty team had a great time and looks forward to next year’s event being bigger and…
Join us Tomorrow: Trenton Y5K
Mercer Oak Realty is proud to be sponsor of the Trenton YMCA’s second annual Y5K this Saturday, October 3rd. This is Mercer Oak’s second year sponsoring and attending the event. So far this year, the Trenton YMCA has raised over $55,000 with the Y5K. Those proceeds fund the programs the organization puts in place for…