News
Glut, defunct & stranded: What do these words describe?
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,…
How are NJ's incentives doing?
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…
Two new incentives deals for Mercer County
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…
Mercer County Leaders Meet for Roundtable Discussion
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…
YMCA of Trenton's 10th Annual Golf Outing Attracts Over 70 Golfers
Monday, May 4th the YMCA of Trenton hosted their 10th Annual Golf Outing. Mercer Oak Realty’s President Sab Russo was in attendance and played in a foursome with Tim Aker, (Treasurer, Hopewell Valley Baseball & Softball Association), Randi Koss (Account Executive, Innovative Commercial Interiors) and Paul March (Managing Director, Newmark Grubb Knight Frank). 72 golfers…
Will more mixed-use projects find homes in central New Jersey?
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…
An Interview with NAIOP's New President
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.
Choose New Jersey & the EDA Welcome CEOs
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…
30K SF Lease Signed at PSCC: Mercer Oak in the News
Mercer Oak Realty is happy to announce that Philadelphia Insurance Companies has signed a lease for the entire 4th floor at 100 PrincetonSouth Corporate Center. This lease brings 100 & 200 PrincetonSouth to 85% occupancy. Learn more about the deal at nj.com or NJB Magazine. For information on remaining space at PrincetonSouth, please see our…
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…