Hercman Properties names Colliers Leasing Agent for Office Building in Hamilton, NJ

Below-Market Pricing and Prime Location Distinguish University Office Plaza II. End Quote

Trenton-Ewing, NJ (1888PressRelease) August 30, 2017 - Hercman Properties has named Colliers International NJ LLC Inc. (NASDAQ:CIGI, TSX:CIG), global commercial real estate firm, as the exclusive leasing agent for its University Office Plaza II (UOP II) building, a 120,000-square-foot office building on Quakerbridge Road in Hamilton. Vinny DiMeglio, based in the firm’s Princeton, N.J. office, is heading the assignment.

This prime spot is located within the University Heights section of Hamilton, and has a historically strong occupancy. UOP II serves as home to tenants in various industries, including professional services, non-profit organizations and national companies. DiMeglio said, “UOP II is impeccably clean, well-maintained and situated in an amenity-rich neighborhood with nearby shopping, restaurants, childcare, banking and personal services. In short, Hercman Properties offers a beautiful Class A image, in a prime location, at below-market price - lower than the competition.” According to DiMeglio, these advantages can be attributed to the property long-term ownership.”

Hercman Properties maintains an on-site property management office, and continues to produce building upgrades. “Our company’s involvement with this building and this neighborhood dates back four decades,” said Steven Hercman, manager of Hercman Properties. “We take pride in the culture we have established, in which our tenants and their employees are considered part of our family. From start-ups to household names, the businesses that come here can expect responsive service and a proactive approach to upholding the quality of their accommodations.”

Hercman added that UOP II’s location is beneficial for people throughout Mercer County as well as the larger New York metropolitan area. The building sits just one mile from the Hamilton Train Station, offers proximity to I-295 and Route 1, and provides easy access to the NJ Turnpike. Regional commuters can reach the building via local thoroughfares and back roads as well, with easy ingress and egress from Quakerbridge Road.

DiMeglio is marketing units at UOP II starting at 1,300 square feet, at a time when regional market availability for smaller units remains tight. The property can also accommodate a requirement of 25,000 square feet – and anywhere in between.

This Colliers appointment marks the continuation of a long-term relationship between DiMeglio and Hercman Properties. “This well-established, tri-state landlord has a great reputation for meeting and exceeding tenant needs,” he said. “Hercman Properties maintains a long-time presence and notable concentration of properties in the Mercer County market. This is a company noted for its flexibility and willingness to craft attractive leasing solutions.”

About Colliers International Group
Colliers International Group Inc. (NASDAQ: CIGI; TSX: CIG) is an industry leading global real estate services company with more than 16,000 skilled professionals operating in 66 countries. With an enterprising culture and significant employee ownership, Colliers professionals provide a full range of services to real estate occupiers, owners and investors worldwide. Services include strategic advice and execution for property sales, leasing and finance; global corporate solutions; property, facility and project management; workplace solutions; appraisal, valuation and tax consulting; customized research; and thought leadership consulting.

Colliers professionals think differently, share great ideas and offer thoughtful and innovative advice that help clients accelerate their success. Colliers has been ranked among the top 100 outsourcing firms by the International Association of Outsourcing Professionals’ Global Outsourcing for 11 consecutive years, more than any other real estate services firm.

For the latest news from Colliers, visit Colliers.com or follow us on Twitter: ( @ ) Colliers and LinkedIn. To see the latest news on Colliers International in New York, follow ( @ ) Colliers_NYC and Twitter.

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