News
Princeton Property Partners Negotiates the Sale of a 101 acre Parcel of Farmland in Upper Pittsgrove, NJ
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…
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 Negotiates the Sale of a 70 acre Parcel of Farmland in Upper Pittsgrove, NJ
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 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…
Princeton Property Partners Affiliate Acquires 172 Nassau Street in Downtown Princeton, NJ
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…
Property Partners Advises Adare Pharma in the Renewal of its HQ Lease at 1200 Lenox Drive in Lawrenceville, NJ
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…
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. …
Princeton Property Partners Negotiates the Sale of a 101 acre Parcel of Farmland in Upper Pittsgrove, NJ
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…
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 Negotiates the Sale of a 70 acre Parcel of Farmland in Upper Pittsgrove, NJ
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 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…
Princeton Property Partners Affiliate Acquires 172 Nassau Street in Downtown Princeton, NJ
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…
Property Partners Advises Adare Pharma in the Renewal of its HQ Lease at 1200 Lenox Drive in Lawrenceville, NJ
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…
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. …
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…