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 space
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.
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!
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.
How are NJ’s incentives doing?
We’ve posted a lot about New Jersey’s current incentive packages aimed at both retaining current jobs and businesses within the state’s borders and also attempting to attract new businesses and jobs.
There are both fans and critics of these programs, as with most things. In an attempt to get an unbiased answer on whether or not these incentive packages are doing their job- Rutgers University has been given the task of figuring just that out and will start researching and releasing reports in the next 3 years.
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.
An Interview with NAIOP’s New President
Clark Machemer, the Rockefeller Group’s senior vice president and regional development officer, was recently announced as NAIOP New Jersey’s new President. He is a 15 year member and previously served as the chapter’s vice president for public affairs.
30K SF Lease Signed at PSCC: Mercer Oak in the News
Mercer Oak Realty is happy to announce that Philadelphia Insurance Companies has signed a lease for the entire 4th floor at 100 PrincetonSouth Corporate Center.
This lease brings 100 & 200 PrincetonSouth to 85% occupancy.
Learn more about the deal at nj.com or NJB Magazine.
For information on remaining space at PrincetonSouth, please see our properties page.
Congratulations, Hill Wallack!
Hill Wallack, one of the largest and fastest growing law firms in the Princeton area, announced today that they have officially moved into their new headquarters at 21 Roszel Road in West Windsor. The firm now occupies 48,000 sf, the top 2 floors of the recently constructed 62,500 sf building.
Mercer Oak Realty’s Sab Russo represented Hill Wallack on the transaction.