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.
Tag: office
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.
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.
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 the 100 Building- taking up an entire end of the building, the footprint produces a layout with an above average number of corner offices for a space of it’s size.
Suite 250 is able to be subdivided- down to 2,000 SF.
If you have any additional questions, please reach out to Aubrey Haines below, by email directly (ahaines@merceroak.com) or by phone (609.452.0200). [contact-form to=’ccaroleo@merceroak.com’ subject=’100 PSCC Suite 250 Inquiry’][contact-field label=’Name’ type=’name’ required=’1’/][contact-field label=’Email’ type=’email’ required=’1’/][contact-field label=’Company’ type=’text’/][contact-field label=’Comment’ type=’textarea’ required=’1’/][/contact-form]
We look forward to seeing you at PrincetonSouth for a tour!
Congratulations to JZA+D’s Partners!
The Partners of Princeton based integrated design firm Joshua Zinder Architecture + Design, Joshua Zinder & Marlyn Zucosky, have been selected the Entrepreneurs of the Year by the Princeton Regional Chamber of Commerce.
The Sustainable Office: A peek into the modern changing office
We were very happy to attend the Princeton Chamber of Commerce’s “The New Way of Work” event put together by the Real Estate Business Alliance yesterday morning.
The panel discussion, along with breakfast & networking, was held at the Springdale Golf Club in downtown Princeton.
Featured speakers included Brian Marrs (Manager, Policy & Strategic Sustainability) & Bill Walsh (Director of Corporate Facilities) at NRG Energy and our friend Marlyn Zucosky (Partner & Director of Interior Design) at Joshua Zinder Architecture + Design.
Mr. Marrs & Mr. Walsh excitedly shared a sneak peak of what NRG’s new Princeton building, located on Route 1 in Carnegie Center, will include. The 130,000 sf building will serve as NRG’s new headquarters and is a mix of sustainable design elements for the sake of the environment and also experiments of NRG initiatives. Learn more about all of the features of the project on NRG’s website, here.
Ms. Zucosky discussed trends they are currently seeing in office space design: layouts that allow for more natural light into the center of the floor plan, open work spaces, huddle areas, game room and other elements to attract Millennials to companies. Mr. Walsh commented that many of the trends JZA+D has been noticing are in fact being employed within the new NRG building. Check out some of JZA+D’s projects here.
Companies Want Quality
The Princeton market is seeing a trend- companies moving to new space not because they need to expand, or shrink- but because they want an upgrade. Current building stock, an uptick in the economy in general and the need to create a work environment that will attract quality talent are all helping to herd companies toward higher quality buildings. Landlords with lower rental rates are helping, too.
Will more mixed-use projects find homes in central New Jersey?
The phrase “mixed-use” has been around for a long time, but seems to be growing more prominent in conversations, news articles and online discussions each day. We’ve mentioned a few mixed-use projects in this news section in the past and have had many conversations in the office voicing different viewpoints and imagining possibilities for here in Mercer County.
We can point to a few examples of existing mixed-use environments in our backyard: downtown Princeton (Mercer Co, NJ) and Lambertville and New Hope (Hunterdon Co, NJ and Bucks Co, PA, respectively) that have been around for a long time and are very successful at being what mixed-use plans hope to be: any urban, suburban or village development (even a single building) that blends a combination of residential, commercial, cultural, institutional, or industrial uses where those functions are physically and functionally integrated, and that provides pedestrian connections. Mixed-use has had a variety of exact definitions over the years and still gets used in different ways from time to time- if you are interested in digging a little deeper, this article provided by Placemakers is a good place to start to understand the nuances.
We recently attended the Princeton Chamber of Commerce’s REBA (Real Estate Business Alliance) breakfast event (Bringing Positive Change to the Princeton Region) that was centered around planning concepts that would attract millennials and empty nesters to the Princeton/Mercer region- in particular Trenton. The mixed-use concept was spoke about at length- looking at demographics and trends around the country for the targeted age groups and considering how to apply them to our backyard.
Here is an article about the sale of a long vacant building in Hightstown that hints that a mixed-use redevelopment may be in the cards. An article from earlier in the month follows the possible redevelopment of the Ocean Spray site in Bordentown into a possible “gateway into town” mixing loft style office space and possibly a brewery, yoga studio, etc.
What does this mean for the real estate landscape in Mercer County (commercial, residential, retail, industrial)? Do you see this type of project taking hold and changing our area? Or is this another fad that will pass?
We’d love to hear your thoughts and continue the conversation. You can find us on LinkedIn, Twitter and Facebook.
Choose New Jersey & the EDA Welcome CEOs
Both Choose New Jersey & the Economic Development Authority recently brought on new CEOs: Michele Brown and Melissa Orsen, respectively. Both groups work towards improving the business and economic climate in the state.
Learn more about Choose New Jersey and Michele Brown’s plan for helping the Garden State attract & retain business.
Check out the Economic Development Authority’s role and why Melissa Orsen was the best choice for the position.