2014 Commercial Real Estate Recap

December 30, 2014

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!

Thank you for your donations!

December 29, 2014

We would like to take a moment to thank everyone for participating in our TASK Donation drive at PrincetonSouth this past month- it was a great success! Bags and bags of holiday gifts and non perishable food items were delivered to the Trenton Area Soup Kitchen last week. It could not have happened without everyone’s help. Thank you again!

We hope you are all enjoying your holidays and look forward to a bright 2015.

We are hiring!

December 15, 2014

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.

Archer & Greiner wins award, Ewing’s airport shows its strength & how the town of Princeton extends beyond its borders

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.

TASK Holiday Donation Update

December 12, 2014

task donation box photoAnd by update- we mean thank you!

The collection is off to a great start in its first week, thank you so much to everyone who has participated so far! We have been able to fill our donation box & then some.

There is one more week to help out- unfortunately we have hit the cut off for holiday gifts, but food donations will be accepted up until the 22nd.

If you haven’t had a chance to participate yet here are the details:

Food Donation for the Trenton Area Soup Kitchen (TASK)

Where: Lobby of 200 PrincetonSouth Corporate Center, Ewing, NJ 08628

When: From now until the morning of Monday, December 22nd

What: Nonperishable food items (no glass containers)- some wish list items are found here: TASK Food Drive Flyer.

 

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

December 5, 2014

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)

 

TASK Holiday Food & Gift Donation at PrincetonSouth

December 4, 2014

TASK-Web-PhotoReflecting 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