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Tag: office

Buyers & plan remain a unknown, but Congoleum factory in Hamilton, NJ sells

Written by caitie on . Posted in News.

On Wednesday, Hamilton township officials announced that the 1-million square foot Congoleum plant on Sloan Avenue in Hamilton, NJ was sold.

The plant’s location makes it an interesting opportunity to develop. It is situated very close to major highways, creating easy access and also extremely close to the Hamilton Train Station, leading some to wonder if the plan will include attempts to created a mixed-use, rail oriented space.

Read the full story on the Congoleum factory sale at nj.com, here.

Breakfast Forum: Commercial Real Estate Trends in Central NJ

Written by caitie on . Posted in Events, MOR.

What’s your Thursday morning look like? Have time to grab a cup of coffee and danish with us?

Our President, Sab Russo will be joining MIDJersey Chamber’s Commercial Real Estate Trends in Central NJ panel this Thursday morning, October 23rd, from 8 am until 10 am at Mountain View Golf Course. Sab will be speaking along side Jerry Fennelly of NAI Fennelly and David Lodato of the Credit Union of New Jersey and then fielding attendees questions.

What trends are we currently seeing in the Commercial Real Estate Market in the area? What trends have we seen before? Can they be used to help us better understand what may happen tomorrow? Join us & find out!

Event Details & Registration

Steps for Scotch Road

Written by caitie on . Posted in News.

The owners of the property in Hopewell formerly owned by Merrill Lynch have decided to abandon the current zoning, which calls for office use.  They are seeking new zoning that would allow a proposed development dominated by multi-family with some retail and 94,000 sf of office (down from 1,000,000+ sf of office).  Recently, Bristol-Myers Squibb announced that they would develop a site that they own at I-95 and Princeton Pike for their own use.  BMS plans to start construction shortly on a 650,000 sf campus on their 100+ acre property in Lawrenceville.  These two developments significantly reduces the potential supply of Class A office sites in the I-95 corridor.  This will drive up demand for the remaining I-95 Corridor sites as well as properties along the southern portion of the Route One corridor and will bolster the value of the existing limited supply of existing and proposed Class A space in this submarket.

Read the story- Hopewell Township: Steps needed for Scotch Road project on centraljersey.com