Written by caitie on . Posted in News.
2014 is drawing to a close. The coming of the New Year is, naturally, a time of reflection. What did your 2014 hold? We hope a lot of success and fond memories.
What about in our commercial real estate world? NJBiz took some time to recap their biggest real estate stories of 2014. What made their list? Do you have any additions?
We here at Mercer Oak Realty wish you and yours a very enjoyable New Years celebration and a healthy and prosperous 2015!
Written by caitie on . Posted in Announcements, MOR.
We are looking to add a Broker/Salesperson to the current Mercer Oak team- does the below job description sound like you or someone you know? If so, email a cover letter & resume to info@merceroak.com. (PDF version available here: MOR Sales Person Job Description)
Sales Person Job Description
Mercer Oak Realty is seeking a driven, aggressive individual who is looking to work as a Broker/Salesperson in a fast-paced commercial real estate office in the Princeton, NJ area.
Job responsibilities include working with a team of professionals to learn the business but also requires the successful applicant be able to be a self-starter who is a people-person and someone who is looking for unlimited compensation and know that for every 100 prospective sales targets only a very few (maybe one) will turn into a closed deal.
You will need to:
Work to develop potential leads in the marketplace by soliciting business from hundreds of prospective clients. This will include phone cold-calling and canvassing buildings and require that you are quick on your feet and good at getting others to talk in potentially challenging circumstances.
Cooperate with Senior Brokers in our office to turn potential leads into closed sales. As a Junior Broker, you would uncover opportunities for tenants and buyers to acquire office space, you would introduce Senior Brokers to the prospective clients and learn the process of negotiating and closing lease deals and sales. Over time, you would become increasingly independent and able to run deals on your own and garner a larger share of the commissions.
Learn the process of transacting in commercial real estate. We would pay for you to get your real estate license and provide you with a fully-loaded database of potential clients, teach you how to solicit business, help you to create and present financial analysis, negotiate leases and discern the difference between prospective clients who are wasting your time from clients who can make you money.
Attend industry events, Chamber of Commerce Meetings, join Clubs, be a part of the fabric of the community to build relationships and become known. Mercer Oak encourages all employees to give back to the community.
We are looking for someone with:
• Sales experience, although this is not required.
• Have strong interpersonal skills.
• Proficient in the MS Office Package (Word, Excel, Power Point, Outlook, etc)
• Must be driven, self-start, ambitious, and seeking long term career with advancement and unlimited earning potential.
• Be capable of maintaining a high energy level and have the ability to work independently, as well as a team player.
• Must be an honest person with good judgment in all business matters.
• Real estate license is required for this position, but not required to apply.
We need candidates with an outstanding entrepreneurial work ethic with great time management skills. If you have a strong interest in sales, marketing, interpersonal skills and communication skills, and have proficient computer skills, please submit your resume.
Written by caitie on . Posted in News.
Congratulations to our friends at Archer & Greiner!
NJBiz announced their Business of the Year Awards winners last week at their annual event. We are very proud to congratulate our client, Archer & Greiner on being named the Corporate Citizen of the Year for 2014. For a full list of winners, please visit the NJBiz website.
As other regional airports struggle, Ewing’s Trenton-Mercer Airport continues to grow
Last year multiple regional airports made moves- Atlantic City International Airport added more United Airlines flights, Frontier Airlines added a stop in Wilmington, DE and People Express began service out of Newark Liberty International Airport. At the same time, Trenton-Mercer Airport spent $20 million in renovations and reopened to the public with Frontier Airlines. As of now, the Trenton-Mercer addition is the only one left standing- and its not just barely making it, its growing. NJBiz provides more details here.
Princeton is everywhere
If you’re familiar with the area you understand that just because a business, store, or corporate park has “Princeton” in the name does not mean it is actually located in the town of Princeton. Mayors from neighboring towns (whose names often get replaced by “Princeton”) weigh in and add their comments in this nj.com article. Previously this year, the cache attached to the Princeton name and how it effected corporate tenant’s location decisions was discussed also.
If you enjoy our news updates- please consider following us @MercerOakRealty on twitter for more Princeton area & commercial real estate news. Mercer Oak Realty can also be found on Facebook & LinkedIn.
Written by caitie on . Posted in Announcements, Events, MOR.
Reflecting on 2014, the Mercer Oak Realty team has a great deal to be thankful for. We know that many folks have not been as fortunate, and the holidays are always a good time to remember that.
This year there will be a Food & Holiday Gift Donation box set up in the Lobby of 200 PrincetonSouth Corporate Center- ready to collect some help for our neighbors in the Trenton area who are struggling this winter. If you are tenant of PSCC or happen to be in the area, we welcome you to join in the giving spirit and add a little (or a lot!) to the TASK (Trenton Area Soup Kitchen) Collection box. Or, if you know you’ll see one of us outside of the office do not hesitate to hand off your donation in person.
Holiday gifts can be donated up until December 12th & food items until December 22nd.
See flyer with a list of suggested items here: TASK Food Drive Flyer
If you’d like to learn more about TASK please visit their website: www.trentonareasoupkitchen.org
Please send any questions or suggestions along to Caitie Caroleo in our office: ccaroleo@merceroak.com.
200 PrincetonSouth Corporate Center, Suite 100, Ewing, NJ 08628 | Directions
Written by caitie on . Posted in Incentives, News.
Ground Breaking on Route 1
NRG Energy, a power generation and retail electricity business, broke ground on its new 130,000 sf Headquarters this week in West Windsor. NRG currently occupies about 90,000 sf in the Princeton market- in 2 buildings. $37.5 million in tax incentives are helping the company consolidate and move less than a mile across Route 1, where the new, environmentally sustainable facility will feature a living wall, 2 solar panel fields, rainwater collection, wind turbines, electric vehicle charging stations (along with a myriad of other green features) and house 540 employees; 386 of which are existing and about 150 will be new.
NRG CEO, David Crane made the following statement during his remarks at the ceremony: “None of us will have a full appreciation of this new building until it’s fully built and outfitted and occupied. At that point, I think we will really recognize that it’s not just another suburban office spot, but rather a living and breathing organism that hopefully every day will inspire its inhabitants to accomplish great and important things.”
Is this a taste of what is to come in the Princeton market? Read the full story on the NRG Groundbreaking here, on nj.com.
Tax Credits to Cash
The New Jersey Technology Business Tax Certificate Transfer (NOL) Program allows companies to sell NJ tax losses and/or research and development tax credits to unaffiliated, profitable corporate taxpayers in the State. Advantix, a biochemical company based in Princeton, announced its preliminary approval for a $1.9 million 2014 tax credit that it plans to transfer to $1.7 million in cash. Get the details on njbiz.com, here.
Princeton REIT CEO Steps Down
Chambers Street Properties Founder, CEO & President Jack Cuneo announced that he is retiring. Chambers Street Properties is a real estate investment trust in Downtown Princeton and was founded in 2004. The company is currently seeking a replacement. Njbiz.com has a full write-up on this announcement.
Written by caitie on . Posted in Announcements, Clients.
We are very happy to hear that our friends, Archer & Greiner P.C., have recently been ranked among the region’s best law firms- according to U.S. News & World Report–Best Lawyers report out earlier this week.
Archer & Greiner, a full-service law firm, is one of the five largest law firms in New Jersey and also has offices in Delaware, Pennsylvania and New York. Aubrey and our Mercer Oak team have been lucky to call Archer & Greiner’s Princeton office a client over the years and we couldn’t be happier for them to receive some well deserved praise. Keep up the great work!
For a little more about Archer & Greiner’s recent accomplishment check out the news section of their website.
Written by caitie on . Posted in Announcements, MOR.
You may have noticed a new feature on our website- Marketour. Have you checked it out yet?
Marketour is a tool for any company interested in learning more about office space in the Princeton Market.
“Marketour started out as an in-house presentation tool years ago. Working with our tenant representation clients, we realized just how useful having an unbiased, birds eye view of the entire Princeton market is. We eat, breath and sleep this market, so we are constantly aware of what is and isn’t available. Our clients are too busy running their own businesses to pay attention to that.” explains CEO, Aubrey Haines. “With Marketour, companies can browse the market, get a sense of what’s out there and then give us a call to discuss their options. Marketour helps our clients leverage their valuable time and allows us to focus on the most important aspect of a commercial real estate transaction- the art of the deal.”
President, Sab Russo says, “Marketour is dynamic and we plan to continue to make changes and additions to create a better tool for companies searching for office space.”
Currently, the public version is available on the website. A version with significantly more information is available to Mercer Oak clients provided with a dedicated login.
Whether you’re looking to move in the next 6 months or just want to get a better idea of whats out there for future plans- Marketour is the easiest way to find your new office.
Check it out: www.marketour.info
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.
Written by caitie on . Posted in Events, MOR, News.
Sab had a chance to chat with Diccon Hyatt of US1 last week before he gave his presentation at the MIDJersey Chamber’s Breakfast Forum on Thursday the 23rd.
Hyatt not only learned about the booms & busts that would be in Sab’s presentation, but also a little more about Sab himself.