Pharma Companies Find Homes at PrincetonSouth

March 25, 2014

We are happy to announce over 21,000 sf of new tenants/expansions at 100 & 200 PrincetonSouth Corporate Center.

Mercer Oak Realty has continued to lease-up space at PrincetonSouth in the past year and recently increased its Pharmaceutical industry tenancy with new leases by Celator Pharmaceuticals and Essential Pharmaceuticals. Existing tenant, Antares Pharma has also recently added a second expansion to their current office.

“We are very happy to call PrincetonSouth our home, and even more excited to continue to grow here.” says Robert Apple, EVP & CFO of Antares Pharma. “The location of the building is extremely convenient and the ability to grow into, and fully design new space is key- it allows our company to move forward without any logistical hindrances.”

100 & 200 PrincetonSouth Corporate Center boast 267,000 sf of Class “A” office space and are currently 65% leased. The PrincetonSouth campus is located directly off of I-95 at Exit 4 in Ewing, NJ and is comprised of the multi-tenanted 100 & 200 buildings, 500 PSCC (Church & Dwight’s 250,000 sf HQ), 701 & 801 PSCC (FMC’s 112,500 sf R&D campus), and 300 & 400 PSCC (2 proposed built-to-suit sites for up to 350,000 sf). On site amenities include the full-service Gallery Café, fitness center, conference room and the 134 room Marriott Springhill Suites.

Join Us! Significant Incentives Available for Companies Staying In or Relocating To New Jersey

March 20, 2014

The GrowNJ program encourages companies to create jobs and make capital investments in the Garden State. By moving from Pennsylvania (or any other state) a 25 employee company could earn at least $750,000 in incentives money, while a 50 employee company could bring in a minimum of $1,500,000. New Jersey companies can also benefit from the incentives, depending on circumstances.

On March 25th, Jay Biggins, Executive Managing Director of Biggins Lacy Shapiro & Co, will discuss how GrowNJ’s groundbreaking incentives can impact commercial real estate growth in the area, opportunities across Central New Jersey and specifically the Princeton Region.

Mercer Oak Realty’s team will be in attendance at the event to join in the discussion and are available to discuss how these incentives can help favorably shape your company’s real estate plan.

This is the newly formed Real Estate Business Alliance’s 3rd breakfast event. The most recent event featured the 2014 Princeton Real Estate Forecast and was a great success, bringing 160+ attendees together to discuss the future of the real estate markets in Princeton. We look forward to another informative discussion!

You can register for the event at the Princeton Chamber of Commerce’s website, here.
Learn more about Jay Biggins and Biggins Lacy Shapiro & Co here.

Event Details:
Tuesday, March 25th 2014
7:45 am to 9:30 am
Nassau Club of Princeton
6 Mercer Street
Princeton, NJ 08540

Airport Corporate Park now 70% occupied

March 17, 2014

Mercer Oak Realty is happy to announce a recent lease transaction at 100 Airport Corporate Park.

Horizon NJ Health, a subsidiary of Horizon Blue Cross Blue Shield of New Jersey, has leased 23,145 sq. ft. of office space at Building 100 in Airport Corporate Park, bringing the company’s total space occupancy at the park to 41,874 sq. ft.

Airport Corporate Park, a 168,500 sq. ft., two-building complex located at 370 Scotch Road, Ewing, NJ is now 70% occupied. There is currently 49,756 sf available in the park. More information can be found here.

Sab Russo of Mercer Oak Realty, LLC represented GF Princeton, the Landlord at Airport Corporate Park and Steve Tolkach of Newmark Grubb Knight Frank represented the tenant, Horizon NJ Health.

Construction Begins on Hill Wallack LLP’s New Building

March 10, 2014

Mercer Oak Realty is proud to announce that Hill Wallack LLP has begun construction on their new office building at 21 Roszel Road in West Windsor. Mercer Oak Realty represented Hill Wallack LLP in the 48,000 sf lease.

This new location will accommodate Princeton-based Hill Wallack LLP’s growing workforce and re-invent their office’s work environment, boosting overall productivity.

“Hill Wallack LLP is the largest and one of the fastest growing law firms in the Princeton area and we wanted new space to accommodate our expanding operations at our Princeton headquarters” said Bob Bacso, Managing Partner. “The move to 21 Roszel Road allows us to serve our increasing client base more effectively as well as provide a state-of-the-art conference center for client meetings and to host many of the civic organizations that we are involved in.”

Sab Russo of Mercer Oak Realty, LLC represented Hill Wallack LLP, while Milt Charbonneau of Cassidy Turley represented the landlord, a joint venture of Andy Gottesman and Mountain Development. Mercer Oak Realty has closed over 70,000 sf of law firm leases in the past year.

Princeton Law Firm Signs 22,000 sf Lease

March 5, 2014

We are happy to announce that our client, Archer & Greiner, has signed a long-term lease with Boston Properties for 22,000 sf at 101 Carnegie Center in Princeton, NJ.

The 22,000 sf at 101 Carnegie Center gives Archer & Greiner space to expand their operations and offers a more client friendly meeting space and conference rooms. The professionals at Archer & Greiner will also benefit from proximity to amenities such as the Hyatt Regency Hotel (next door), a cafeteria and meeting space in the 101 Carnegie Center Building, and from significant main lobby and common area renovations to be completed in the Building.

“We had grown on several occasions in our old space and we wanted to have all our attorneys and staff in a more cohesive working environment”, says Jeff Gordon, Managing Partner of the Princeton Office. Stacey Sinclair, the firm’s Chief Operating Officer, added: “Mercer Oak was able to help us achieve our goals for the new office as part of a very efficient process that yielded the best economic terms.”

Aubrey Haines of Mercer Oak Realty, LLC represented Archer & Greiner, the tenant, while Boston Properties represented itself in the transaction. Mercer Oak Realty has closed over 70,000 sf of Law Firm leases in the past year.