30K SF Lease Signed at PSCC: Mercer Oak in the News

February 20, 2015

100-pscc-phly Mercer Oak Realty is happy to announce that Philadelphia Insurance Companies has signed a lease for the entire 4th floor at 100 PrincetonSouth Corporate Center.

This lease brings 100 & 200 PrincetonSouth to 85% occupancy.

Learn more about the deal at nj.com or NJB Magazine.

For information on remaining space at PrincetonSouth, please see our properties page.

MOR Braves the Cold for a Good Cause: Cupid’s Chase

February 19, 2015

Cupids-Chase-5K-with-background

This past Saturday, Dawn Stillwell and Jacquie Palma of Mercer Oak Realty braved the cold and ran in the Cupid’s Chase 5K in Princeton. The race is held by the national non-profit Community Options, Inc. and raises money to benefit people with disabilities by providing them with housing and employment support.

 
Dawn and Jacquie were joined by Angelique Flynn of SERVPRO of Bordentown. The ladies showed their support for the cause by donning red and white shirts and running in last weekend’s frigid temperatures.

 
This is the seventh year for Cupid’s Chase. The race was held in over 30 cities around the country and raised in excess of $200,000 to support people with disabilities. The Princeton race raised nearly $8,000, exceeding their goal of $7,000.

 
If you would like to join the Mercer Oak team in future 5Ks or know of a good cause to run for please contact Dawn Stillwell.

 
To learn more about Community Options please visit their website.

Congratulations, Hill Wallack!

February 17, 2015

Hill Wallack, one of the largest and fastest growing law firms in the Princeton area, announced today that they have officially moved into their new headquarters at 21 Roszel Road in West Windsor. The firm now occupies 48,000 sf, the top 2 floors of the recently constructed 62,500 sf building.

Mercer Oak Realty’s Sab Russo represented Hill Wallack on the transaction.

Read more about Hill Wallack at 21 Roszel Road here.

2015 Market Report & Real Estate Forecast

February 3, 2015

Aubrey Speaking

At 7:30 am on Thursday January 29th over 230 Princeton area professionals gathered in the Hyatt Regency Princeton to hear a panel of three local experts present their outlooks for Princeton’s 2015 real estate market. The 2nd annual Real Estate Forecast saw a 50% increase in attendance from last year.

Mercer Oak Realty’s Aubrey Haines presented the company’s Princeton Office Market Report, recounting that 2014 had been a year of significant activity and continued growth for the area.

Haines also spoke at length about the supply constraint that will be seen in the market as absorption rates have been steady and there has been little to no speculative construction of new office buildings. He highlighted larger deals that had been done in the market and also touched on evolving company culture and employee’s expectations of their work and living environments. “These changes will play a significant role in the type of space companies choose to reside in in the coming years. The Princeton market’s shortage of large available spaces and the updated work place demands make build-to-suit options very attractive.” Haines commented.

The event was hosted by the Princeton Regional Chamber of Commerce’s REBA (Real Estate Business Alliance) and in addition to Aubrey Haines, the panel included Judson Henderson of Callaway Henderson Sotheby’s International Realty, Francis Keene from PNC Wealth Management and was moderated by Tom Gates of Mortgage Master.

Henderson covered Princeton’s residential real estate market and Keene spoke on the current economy. Attendees had a chance to ask the panel questions and a lively discussion ensued ranging from qualities of the Princeton market that makes it so attractive to office tenants to residential buying trends in specific Mercer County submarkets.

You can download the 2015 Princeton Office Market Report here. If you’d like to receive a hard copy, please call (609.452.0200) or email (info@merceroak.com) us.