News
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…
The experiment that is Bell Works
Last Tuesday we had the opportunity to get to know one of the biggest commercial real estate projects going on in New Jersey. CREWNJ hosted an event located at, and all about, the Bell Works building- a 2 million sf structure in Holmdel that was formerly called Bell Labs. Sitting on 472 acres, the massive…
State of Mercer County
County Executive Brian Hughes delivered the State of Mercer County address to 500 local officials & business leaders yesterday at the Hyatt Regency Princeton. What did he have to say about our county? Nj.com covered his speech here.
Join us: 2015 Real Estate Forecast
We are looking forward to the 2nd annual Princeton Real Estate Forecast coming up at the end of this month. On January 29th, our CEO, Aubrey Haines, and a panel of other Princeton area real estate professionals will be discussing their economic predictions for 2015. There was a great turn out for the 2014 Real…
2014 Commercial Real Estate Recap
2014 is drawing to a close. The coming of the New Year is, naturally, a time of reflection. What did your 2014 hold? We hope a lot of success and fond memories. What about in our commercial real estate world? NJBiz took some time to recap their biggest real estate stories of 2014. What made…
Thank you for your donations!
We would like to take a moment to thank everyone for participating in our TASK Donation drive at PrincetonSouth this past month- it was a great success! Bags and bags of holiday gifts and non perishable food items were delivered to the Trenton Area Soup Kitchen last week. It could not have happened without everyone’s…
We are hiring!
We are looking to add a Broker/Salesperson to the current Mercer Oak team- does the below job description sound like you or someone you know? If so, email a cover letter & resume to info@merceroak.com. (PDF version available here: MOR Sales Person Job Description) Sales Person Job Description Mercer Oak Realty is seeking a driven,…
Archer & Greiner wins award, Ewing's airport shows its strength & how the town of Princeton extends beyond its borders
Congratulations to our friends at Archer & Greiner! NJBiz announced their Business of the Year Awards winners last week at their annual event. We are very proud to congratulate our client, Archer & Greiner on being named the Corporate Citizen of the Year for 2014. For a full list of winners, please visit the NJBiz…
TASK Holiday Donation Update
And by update- we mean thank you! The collection is off to a great start in its first week, thank you so much to everyone who has participated so far! We have been able to fill our donation box & then some. There is one more week to help out- unfortunately we have hit the…
Glaxo loses jobs, Camden gains a headquarters & sustainable offices evolve
GlaxoSmithKline’s looming job cuts Earlier this fall it became known that GlaxoSmithKline, British drugmaker, was planning a restructuring of their U.S. operations over the next three years. GSK plans to eliminate $1.57 billion in annual expenses. Details began to surface early this week (read more on njbiz.com) and fears that some of the jobs located…
Join Us! Significant Incentives Available for Companies Staying In or Relocating To New Jersey
The GrowNJ program encourages companies to create jobs and make capital investments in the Garden State. By moving from Pennsylvania (or any other state) a 25 employee company could earn at least $750,000 in incentives money, while a 50 employee company could bring in a minimum of $1,500,000. New Jersey companies can also benefit from…
Airport Corporate Park now 70% occupied
Mercer Oak Realty is happy to announce a recent lease transaction at 100 Airport Corporate Park. Horizon NJ Health, a subsidiary of Horizon Blue Cross Blue Shield of New Jersey, has leased 23,145 sq. ft. of office space at Building 100 in Airport Corporate Park, bringing the company’s total space occupancy at the park to…
Construction Begins on Hill Wallack LLP's New Building
Mercer Oak Realty is proud to announce that Hill Wallack LLP has begun construction on their new office building at 21 Roszel Road in West Windsor. Mercer Oak Realty represented Hill Wallack LLP in the 48,000 sf lease. This new location will accommodate Princeton-based Hill Wallack LLP’s growing workforce and re-invent their office’s work environment,…
Princeton Law Firm Signs 22,000 sf Lease
We are happy to announce that our client, Archer & Greiner, has signed a long-term lease with Boston Properties for 22,000 sf at 101 Carnegie Center in Princeton, NJ. The 22,000 sf at 101 Carnegie Center gives Archer & Greiner space to expand their operations and offers a more client friendly meeting space and conference…
Haines chats with The Times of Trenton about the Mercer County Office Market
Aubrey Haines spoke with Brendan McGrath of The Times of Trenton about the Mercer County Commercial Real Estate market. Despite the success of the building and the current strength of the market, local development of large commercial office buildings has been slow to pick up coming out of the recession. There has been little new…
Aubrey Haines Presents 2014 Real Estate Forecast
Princeton Office Market to experience Class A Space Shortage Mercer Oak Presents Princeton Office Market Report Princeton, NJ – Over 160 Real Estate professionals from the Princeton Market gathered on Tuesday January 28 at the Hyatt Regency to discuss the 2014 Real Estate Forecast. Mercer Oak’s Aubrey Haines presented The Princeton Office Market Report and…
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.