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…

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…

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 (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…

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 (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 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…

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…

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…