PrincetonInfo HomeU.S. 1 Print ArchivesEventsCompaniesHealthClassifiedsDining

Current Issue of U.S. 1

Check out the current issue of U.S. 1 online.

Search our Archives

Compelling reading from nearly a quarter century of U.S. 1.

Interchange

Letters, opinions, and arguments from our readers.

Survival Guide

News you can use for your business or your career.

Preview of the Arts

The discerning guide to what’s happening in Princeton and central NJ.

Fast Lane

Companies on the move, expanding, new in town, or just in the news.

Check the Classifieds

The onllne version of U.S. 1’s classifieds. Click here to post your own.

Murder at the Mall

Click here for the latest installment in the ‘Education of Richard K. Rein.’

Submit Your Event

Tell us about your upcoming event.

Voice Your Opinion

Click here to register your point of view, concern, or correction.

Need Help Navigating?

Click here for a user’s guide, or just call us at 609-452-7000.

What's New in Princeton & Central New Jersey?
Reprinted from the March 17, 2010, issue of U.S. 1 Newspaper
Plainsboro Real Estate Sees an Uptick
by Scott Morgan

Commercial and residential property managers last week announced two sets of deals that suggest Plainsboro’s real estate market is humming along nicely.

On March 10 Somerset-based commercial realty firm Cassidy Turley reported the signing of two leases at the almost fully occupied office complex at 101 Morgan Lane.

Wave Systems, a 15-person secure software developer, and Willowbridge Associates, a commodity trading advisory firm headed by Philip Yang, renewed long-term leases. The building is a Class-A office complex with roughly 65,000 square feet of space and is owned by Premier Properties, a private real estate investment firm based in Lakewood.

Eleven new tenants have moved into 101 Morgan since last spring, the most recent being video technology firm Harmonic; clinical research organization Pharm-Olam; biotech market research firm Strategic Research Insights; ViaPeople, a consultant for organizational and workforce management; and Oxford Princeton Programme, which provides training for the energy, commodities, and derivatives industries.

Cassidy Turley’s Douglas Twyman, Milton Charbonneau, and Jordan Forster spearheaded marketing efforts on behalf of Premier Properties. Premier’s managing partner, Jack Adler, said in a statement that his firm is renovating the final two suites for occupancy, meaning that 101 Morgan is 90 percent full.

On the residential side, Livingston-based real estate firm Gebroe-Hammer Associates announced on March 10 that it has bought the 288-unit Deer Creek Apartments from AIMCO for $26.4 million. Joseph Brecher, executive vice president of the Fort Lee-based Orbach Group, orchestrated the off-market transaction.

Deer Creek features 24 buildings with rents ranging $900 to $1,400 a month. Plainsboro was recently named by New Jersey Monthly as the seventh most desirable town in the state to live.

Cassidy Turley, 200 Cottontail Lane, Somerset 08873; 732-868-5111; fax, 732-868-8055. Douglas Twyman, senior vice president. www.cassidyturley.com.

Gebroe-Hammer Associates, 2 West Northfield Road, Suite 301, Livingston 07039; 973-994-4500; fax, 973-994-9752. Ken Uranowitz, managing director. Home page: www.gebroehammer.com.

Post New Comment

Your name:


E-mail:

The content of this field is kept private and will not be shown publicly.

Comment:



Security Code:

Please enter the security code from the image above.

 

 

Become a sponsor! Reach the viewers of PrincetonInfo.com and the readers of U.S. 1.