News

The Princeton Address: Why Companies Need It

Our CEO, Aubrey Haines, chats with NJBiz about the importance of the Princeton address for Companies in the area. “Most international companies want the Princeton name because they want to be able to say their U.S. headquarters is in a place where other people from around the world will recognize,” said Aubrey Haines, CEO of…

Local LifeScience Aquisition, Redevelopment on Route 1 & BMS Makes 650,000 sf Announcement: News Around Mercer County

Integra LifeSciences to acquire Medtronic’s ENT, laparoscopy equipment lines Integra LifeSciences Holdings Corporation and Medtronic Inc. announced Wednesday an agreement in which Integra will acquire Medtronic’s MicroFrance and Xomed manual ENT and laparoscopy medical equipment lines for approximately $60 million. Read the full story on njbiz.com here. Owners of long-vacant American Cyanamid site in West…

Princeton Forrestal Village Hopes to Add Residential to the Mix

Mixed use without residential doesn’t work.  After 28 years, Princeton Forrestal Village is proposing multifamily residential units. “It’s a nice, cute pedestrian village surrounded by a sea of parking that never really succeeded,” Robert Schenkel, senior director of development at Lincoln Equities Group, said. “It was a high-end boutique mall, a discount mall and lots…

RealShare New Jersey Conference: Triumphs & Challenges

Conference sparks talks of triumphs, challenges in New Jersey commercial real estate market It was around 9 a.m. at RealShare New Jersey, one of the year’s biggest commercial real estate conferences, and Joe Taylor had some friendly advice for the audience. “If you’re not having fun in real estate right now,” said Taylor, president of…

Addressing New Jersey's White Elephants

Over the past decade, the campus-style complex model slowly became outdated as technological advances, downsizing and outsourcing negated the need for workers to be in an office setting, Advance Realty president and CEO Peter Cocoziello said. The above is a quote comes from an nj.com article titled: Developer: Plan for Bridgewater’s Sanofi Research Campus will…

Trenton Neighborhoods Get $1.1M Investment

Wells Fargo announced Thursday that it plans to invest more than $1.1 million in grants to provide funding toward various Trenton neighborhood revitalization programs. (read full story on njbiz.com here)

GrowNJ Incentives Program Updates

Recent articles cover some of the success & struggles of the GrowNJ program as New Jersey works to keep companies and jobs within the State. Why it stayed: Panasonic’s decision was about more than tax incentives (read full story on njbiz.com) Even in the case of Panasonic, which received a well-documented $102.4 million tax credit…

Good News for NJ Jobs

U.S. jobs growth stays on a roll; recovery starts to catch on in N.J. “The tone of the economy nationally has become more positive, and there’s every reason to expect we’ll get some spillover effect in New Jersey,” said Patrick O’Keefe, an economist with the accounting firm CohnReznick, which has an office in Roseland. Read…

Commercial Real Estate Notes from Around the State

NJ pharma: Real estate needs to reflect the changing needs of the industry For Pernix Therapeutic Holdings, it was time to find a new home. The Houston-based pharmaceutical company had new executives and a new $65 million war chest from investors, paving the way for a growth plan focused on specialty drugs. But that meant…

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Planted Plate Vegan Restaurant Opens in Princeton, NJ

Princeton Property Partners, owner of several commercial properties in downtown Princeton announces the opening of Planted Plate vegan restaurant at its 15 Spring Street property.  Princeton Property Partners’ affiliate Mercer Oak Realty negotiated the 2,221 sf lease. Planted Plate is the first vegan restaurant to open in Princeton and it has been enjoying robust demand…

Mercer Oak Realty represents Princeton Eye Group in 11,874 sf Lease

Sab Russo, President of Mercer Oak Realty, LLC, announced today that Princeton Eye Group P.A. (PEG), has signed a long term lease for 11,874 sf at 298 Applegarth Rd in Monroe Twp.  With offices in Monroe, North Brunswick, Somerset and Princeton, PEG is the largest and most reputable Ophthalmology and Optometry practice in the region. …

Mercer Oak Realty represents Newgrange in purchase of 31,500 sf facility

Princeton, NJ – Mercer Oak Realty, a leader in Princeton Area Commercial Real Estate, represented The Newgrange School in the purchase of a 31,500 sf building.  Mercer Oak’s affiliate, Princeton Property Management, is managing the reconstruction of the new facility at 800 North Road in Hopewell, NJ. The 31,500 sf at 800 North Road gives…

Princeton Property Partners Negotiates a New Lease for United Fire Group in Ewing, NJ and Simultaneously Completes a Sale Transaction of its Pennington, NJ Office Building

Princeton Property Partners (PPP) has advised client United Fire Group (UFG) in its lease of a 16,000 square foot space at PrincetonSouth Corporate Center in Ewing, NJ.  PPP simultaneously negotiated a sale of UFG’s 26,000 sf office building in Pennington, NJ. “PPP achieved the seemingly impossible – negotiating a lease for our new modern offices in…

Mercer Oak Realty Negotiates 30,000 SF Lab Sublease with CSPC in Ewing

The third largest pharmaceutical company in China, CSPC, has consolidated several US operating divisions into 801 PrincetonSouth Corporate Center in Ewing, NJ.Mercer Oak Realty and CBRE worked on behalf of CSPC to secure an 11-year sublease for 30,000 sf with DuPont, who was represented by JLL.This Class A, 56,000 square foot biology lab building was…

Mercer Oak Realty Negotiates 3,969 SF Office Sublease with Frauscher Sensor Technology at Roszel Square in W. Windsor

Frauscher Sensors Technology, the Austrian based Rail Services company, has signed a long-term sublease for 3,969 SF at 21 Roszel Rd, West Windsor, NJ.  Frauscher provides industry-leading wheel sensors and axle counters to monitor rail traffic for passenger, freight and mass transit applications.  Frauscher will relocate its North American Headquarters to 21 Roszel Rd in…

J. Knipper Company Extends Lease at 1009 Lenox Drive in Lawrenceville

Sab Russo, President of Mercer Oak Realty, announced today that MOR, in conjunction with The Flynn Company of Philadelphia, has extended J. Knipper Company’s 23,000 sf lease at Princeton Pike Corporate Center.Knipper Company is one of the largest pharmaceutical direct marketing and drug sampling firms in the US.Mercer Oak Realty and Flynn represented Knipper in…

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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 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…

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