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News

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…

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How to Prepare Your Multifamily Property for Winter

As we’ve all heard countless times before from our favorite sports coaches, the best offense is a good defense, and readying your multifamily property for winter is no different. Read the full article here. 

4 Commercial Property Management Trends You Need to Know

As a property manager, it’s wise to regularly evaluate market trends so you and other stakeholders can make the right decisions for your business moving forward. Read the full report here.

Welcome to the Gig Economy

If you haven’t heard of it, you will. Gig workers are playing a growing role in how corporate space users are redefining their staffing. Read the full report here.

5 Areas to Focus on for Better Workplace Productivity

A new study shows just how impactful a poorly planned workplace is on employees, which can negatively impact performance. Read full report here.

New BOMA Standard: What Size Is Your Office Building Really?

Need more proof that the way millennials work is impacting office real estate? Read the full report here.

Why Retail Landlords Are Turning to Apartments to Shore Up Their Properties

Construction has started on a 23-story upscale apartment tower at Westfield UTC, a one-million-sq.-ft. outdoor center in San Diego, but the project is much more than the redevelopment of an upscale retail center owned by the Sydney, Australia-based Westfield. Read the full report here.

Save Big with Three Tips for More Efficient Vendor Management

Managing vendors and processing payables are significant cost drivers for real estate companies. Read the full article on irem.org

Are Low Interest Rates Always Good for the Real Estate Market?

The Federal Reserve raised interest rates in June, signally that government leaders think the economy is gaining strength. The latest hike is being met with mixed responses. Read the full report here. 

Company gets $12M in tax credits to move 5 miles away

Billtrust, a provider of outsourced billing services, has announced plans to move its headquarters to Lawrence, just 5 miles from its current home in Hamilton, after receiving more than $12 million in tax credits from the state. Read the full article on nj.com

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Making NJ More Attractive to Millennial Workers

Princeton Pike Corporate Center Sells

Mercer Oak Realty was recently involved as the seller’s representatives during the sale of Princeton Pike Corporate Center. Please read this article on NJBIZ for full details on the recent 800,000 sf sale.

2016 Princeton Office Market Report

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…

Small Business Owners in Philly Metro are Excited about 2016

Sixty-two percent of respondents to the Small Business Pulse Check conducted by TD Bank said they were “optimistic” or “excited” about 2016 and the overwhelming majority of the small business owners who responded indicated that they would close out 2015 strong, most of which expected to meet or exceed their annual revenue goals. New Jersey…

Scudder Falls Bridge Improvements to Begin

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…

New to Market: +/-6,798 SF Class A+ Office Space

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…

2016 Central Jersey Real Estate Forecast

The 3rd annual Central Jersey Real Estate Forecast breakfast will be taking place on Thursday, January 28th. This year promises to be a thoughtful and interesting event and will feature keynote speaker Michele Brown, President & CEO of Choose New Jersey. Mercer Oak Realty’s CEO Aubrey Haines will join the panel, along with Jud Henderson…

How many office buildings come with high end Italian food?

Recently, Susan Sprague Yeske visited Settimo Cielo, an Italian restaurant located in a corporate building that Mercer Oak Realty represents: 2445 Kuser Road and documented her experience in the Times of Trenton. Settimo Cielo began as a Trenton location, and to meet the requests of customers who wanted another option for dinner and weekend dining…

County Clerk Lines Up Deal for Temporary Space

County clerk to move into temporary space ahead of $40M annex overhaul via nj.com

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Princeton Property Partners

200 Princeton South Corporate Center
Suite 100
Ewing, NJ 08628

info@ppp.usa.com


609.452.0200

Recent 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…

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