Mercer Oak Realty is Tapped to Market Two-Building Roszel Square Development
WEST WINDSOR, N.J., July 13, 2017 – Gottesman Real Estate Partners and Mountain Development Corp. (MDC) have awarded Ewing-based Mercer Oak Realty LLC the leasing assignment for 21 Roszel Road in West Windsor, a three-story 62,500-square-foot Class A office building, and 19 Roszel Road, a neighboring 38,000-square-foot built-to-suit opportunity. The office properties, situated in the coveted Princeton area submarket, are one of several joint ventures between MDC and Gottesman Real Estate.
21 and 19 Roszel Road lie in the heart of the Route 1 corridor, adjacent to Carnegie Center at the epicenter of one of the most distinctive corporate locations in the United States. The Route 1 corridor and surrounding area is home to countless Fortune 500 financial service and pharmaceutical companies such as: BlackRock, Bank of America and BMS, as well as countless international life science firms including: Solvay, Otsuka, Taiho, Novo Nordisk and Sandoz. Princeton University anchors this research/ technology region known as Einstein’s Alley. The properties offer proximity to a full-service Hyatt hotel, the NJ Transit station at Princeton Junction, and first-class shopping, dining, hospitality and recreation opportunities.
“Mercer Oak Realty brings to this important assignment not just a high level of expertise, but a keen understanding of the specific product and market area,” said Michael Seeve, MDC President. “Their track record speaks for itself, and we look forward to collaborating with them in marketing these two signature office properties.”
Built in 2015, 21 Roszel Road is a boutique three-story office building. Tenants include law firm Hill Wallack LLP – which occupies 48,000 square feet on the top two floors and Ripen e-commerce, which occupies 9,200 square feet on the first floor. The beautifully landscaped building offers high ceilings, ample nature light and parking, an outdoor plaza and an on-site café. Planned amenities include a tenant fitness center.
Mercer Oak Realty currently is marketing 21 Roszel Road’s remaining 5,100 square feet of divisible first-floor space. The corner suite is situated directly off the building’s main entrance, according to company President Sab Russo, who is heading the Roszel Square leasing effort along with CEO Aubrey Haines and Vice-President Dawn Stillwell.
Unique Branding Opportunity for Mid-Size Firm
Mercer Oak Realty is also heading the marketing and leasing for 19 Roszel Road, a 38,000-square-foot build-to-suit office building located adjacent to 21 Roszel Road. Fully entitled and “shovel ready,” the site presents a unique opportunity for mid-size tenants seeking customizable Class A office space in the prestigious and highly-desirable Princeton/West Windsor market, widely regarded as one of the top office markets in the Garden State, according to Russo.
To begin construction, the venture is seeking a tenant of not less than 19,000 square feet with building signage a key amenity. “One of the biggest advantages for a lead tenant at 19 Roszel Road is the ability to have the company’s name on the building. Naming rights for tenants of this size are highly unusual but extremely valuable in terms of marketing and creating brand identity for a law or accounting firm, high-tech company or professional services firm. This building’s smaller size allows tenants to have a big impact.”
“The space could be delivered to a tenant as soon as 11 months,” said Russo. Prospective lead tenants will have the ability to play a major role in planning the interior design of their office space working closely with the development team and architectural firm. “This site is fully entitled with all infrastructure in place and utilities on-site, so it can be delivered in a short period of time. This represents a very viable option for the smaller tenant who may not have ever considered built-to-suit as a possibility,” explained Russo.
Mountain Development Corp. (MDC) is a full-service real estate company with over 30 years of experience developing, acquiring, constructing, repositioning, managing, leasing and operating commercial property. MDC is an active acquirer of a broad range of opportunistic and value-added real estate investments capable of generating attractive, risk-adjusted returns for both its principals and equity partners. Active throughout the Northeast, MDC’s accomplished staff includes in-house development, accounting, property management, construction, leasing and marketing professionals, enabling the company to operate autonomously and deliver expeditious, successful results.