2016 Princeton Office Market Report

January 26, 2016

MOR Web Topper

Mercer Oak Realty, Princeton Property Partners & Princeton Property Management are proud to present our 2016 Market Report (click to download). This year’s report highlights trends from 2015, what 2016 could hold, how New Jersey’s economy is doing at the moment and a look back on our 2015 predictions.

Hot topics include:

“Densification”

Building Upgrades

Millenials

New Landlord in the Princeton  Market

Incentives

If you enjoy the content in our Market Report and/or have an interest in the Central New Jersey Real Estate Market- please join us this coming Thursday morning for the Central Jersey Real Estate forecast, held at the Hyatt Regency in Princeton.

 

Scudder Falls Bridge Improvements to Begin

January 8, 2016

scudder falls bridge

Preparation work has begun for the Scudder Falls Bridge construction project slated to begin in 2017. The bridge connects Bucks Co, PA & Mercer Co, NJ. A bottleneck during commute hours on I-95, the span (built in 1959) was recently deemed “functionally obsolete” and is long due for upgrades. Commuters and businesses in both Mercer County and Bucks County will benefit from the work done on the Scudder Falls.  Read more about the project on nj.com.

New to Market: +/-6,798 SF Class A+ Office Space

January 6, 2016

100 PSCC Suite 250 Ext Office Line  100 PSCC Suite 250 Corner Office  100 PSCC Suite 250 Conf Room  100 PSCC Suite 250 Open Area

Suite 250 at 100 PrincetonSouth Corporate Center is now available for lease.

The +/-6,798 SF office space boasts high end finishes: rich wood mixed with modern glass fronts on the offices makes the most of an expansive window line and allows natural light to filter throughout the space.

This suite is a unique opportunity in the 100 Building- taking up an entire end of the building, the footprint produces a layout with an above average number of corner offices for a space of it’s size.

Suite 250 is able to be subdivided- down to 2,000 SF.

If you have any additional questions, please reach out to Aubrey Haines below, by email directly (ahaines@merceroak.com) or by phone (609.452.0200).

We look forward to seeing you at PrincetonSouth for a tour!

New to Market: 10,000 sf Office

August 25, 2015

275 Phillips Hero Shot 275 Phillips Lobby Span

Mercer Oak Realty is proud to list +/10,000 sf of office space at Princeton Crossroads Corporate Center!

Princeton Crossroads Corporate Center is located at 275 Phillips Boulevard in Ewing, NJ. The building has easy access to/from 95- right at Exit 4 for Route 31 & boasts recently renovated common areas.

The location is great for a commute from the NJ or PA side of the river. Not only are local amenities abundant in Pennington, Lawrenceville, Hopewell and Ewing- but the building is also quite close (10 minutes) to Route 1 amenities (without dealing with the traffic during peak drive-time). The SpringHill Suites Marriot is within walking distance and the Trenton-Mercer Airport (Frontier Airlines) is a 5 minute drive, making business travel a breeze. If getting to Philadelphia is a concern, jump on 95 right next to the building for a straight shot into the city in 45 minutes.

Exterior offices, interior offices, open bullpen space and a kitchenette make up the approximately 10,000 sf space. Oversized windows and an 11 foot ceiling add a bright quality office.

Please see our property listing on the Properties page for more information, photos and a flyer.

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.

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.

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.

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.

 

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

 

 

Congrats, Archer & Greiner!

November 6, 2014

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 ReportBest 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.

 

Marketour: The Easiest Way to Find Your New Office

November 4, 2014

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