News
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 Negotiates 195,000 SF Long Term Warehouse Lease with the State of New Jersey
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),…
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 the Purchase of a 32,000 sf School Facility for Newgrange and Laurel Schools in Hopewell, NJ
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 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…
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
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