Mercer Oak Realty, Princeton Property Partners & Princeton Property Management are proud to present our 2016 Market Report (click to download). This year’s report highlights trends from 2015, what 2016 could hold, how New Jersey’s economy is doing at the moment and a look back on our 2015 predictions. Hot topics include: “Densification” Building Upgrades…

Preparation work has begun for the Scudder Falls Bridge construction project slated to begin in 2017. The bridge connects Bucks Co, PA & Mercer Co, NJ. A bottleneck during commute hours on I-95, the span (built in 1959) was recently deemed “functionally obsolete” and is long due for upgrades. Commuters and businesses in both Mercer…

Suite 250 at 100 PrincetonSouth Corporate Center is now available for lease. The +/-6,798 SF office space boasts high end finishes: rich wood mixed with modern glass fronts on the offices makes the most of an expansive window line and allows natural light to filter throughout the space. This suite is a unique opportunity in…

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, LLC announced today that site work has commenced on a 195,000 sf warehouse/storage building at 380 Scotch Rd in Ewing, NJ. The new building will consolidate various State Departments warehousing needs currently scattered around Mercer County. The Development Team includes TG & Associates (Developer), Bernardon (Architecture and Design), Maser Consulting (Civil Engineer),…

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. …

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 (PPP) has advised client Newgrange and Laurel Schools in the purchase of a 32,000 square foot building at 800 North Road in Hopewell, NJ.  PPP worked with the Schools’ legal team to obtain a variance to use the property as a school.  Then, during Covid, PPP managed a significant reconstruction of the building to…

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…

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…

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…

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…

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…