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Tag: pharma

Mercer Oak Realty Negotiates 30,000 SF Lab Sublease with CSPC in Ewing

Written by Asenka on . Posted in Announcements, Clients, News.

The third largest pharmaceutical company in China, CSPC, has consolidated several US operating divisions into 801 PrincetonSouth Corporate Center in Ewing, NJ.

Mercer Oak Realty and CBRE worked on behalf of CSPC to secure an 11-year sublease for 30,000 sf with DuPont, who was represented by JLL.

This Class A, 56,000 square foot biology lab building was originally constructed in 2009 by Opus Development for FMC and is located at PrincetonSouth Corporate Center at Route 31 and I-295 in Ewing.

The building features state-of-the-art biology lab infrastructure and became available after DuPont’s acquisition of FMC’s Biopolymer division.

 

About Mercer Oak Realty, LLC:

Mercer Oak Realty (MOR) is a vertically integrated, Princeton-focused commercial real estate services firm. Established in 2002, the firm is led by Aubrey Haines (20 years at Jackson Cross/Trammell Crow) and Sab Russo (20 years at CBRE). Service lines include Commercial Brokerage, Consulting and Development/Advisory Services. MOR consistently ranks as one of the top firms in Princeton market share in terms of transaction value and square footage leased/sold. Through Princeton Property Management, MOR’s affiliate, the firm has over 400,000 sf under management making PPM one of the largest third-party property managers in the Princeton Market.

J. Knipper Company Extends Lease at 1009 Lenox Drive in Lawrenceville

Written by Asenka on . Posted in Announcements, Clients, News.

Sab Russo, President of Mercer Oak Realty, announced today that MOR, in conjunction with The Flynn Company of Philadelphia, has extended J. Knipper Company’s 23,000 sf lease at Princeton Pike Corporate Center.

Knipper Company is one of the largest pharmaceutical direct marketing and drug sampling firms in the US.

Mercer Oak Realty and Flynn represented Knipper in this long-term lease extension, while Newmark Knight Frank represented the Landlord.

 

About Mercer Oak Realty LLC:

Mercer Oak Realty (MOR) is a vertically integrated, Princeton-focused commercial real estate services firm. Established in 2002, the firm is led by Aubrey Haines (20 years at Jackson Cross/Trammell Crow) and Sab Russo (20 years at CBRE). Service lines include Commercial Brokerage, Consulting and Development/Advisory Services. MOR consistently ranks as one of the top firms in Princeton market share in terms of transaction value and square footage leased/sold. Through Princeton Property Management, its affiliate, the firm has over 400,000 sf under management making PPM one of the largest third-party property managers in the Princeton Market.

Glaxo loses jobs, Camden gains a headquarters & sustainable offices evolve

Written by caitie on . Posted in Incentives, News.

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 in the Parsippany office would be lost began to grow. Once Wednesday rolled around, GSK had announced that there would be significant (upwards of 900 jobs) cuts from North Carolina’s Research Triangle Park and consolidations would happen in Philadelphia offices, with no firm news on New Jersey jobs(details at philly.com).

Camden’s mystery company revealed

Monday morning brought us news from the New Jersey Economic Development Authority: $100 million more incentives and 1,000 jobs were heading to Camden. (full story at Philadelphia Business Journal) At the time, there was no official disclosure of what company would be creating those jobs, although there were suspicions about who it could be. Suspicions were confirmed today when Subaru announced that they would be moving to the Campbell Gateway district. (follow-up article from the Philadelphia Business Journal with new information)

Expanding definition of sustainability

Generally, when one thinks of sustainable practices in office buildings green roofs, rainwater collection and solar panels come to mind. While these are all helpful, companies are finding different ways to be more green. Wyndham Worldwide has a headquarters campus in Parsippany that is prime example on the evolution of a company’s sustainability policy. (learn about it on njbiz.com here)