HAMILTON, NJ-New York-based Meritage Properties LLC recently inked two long-term lease renewal agreements at American Metro Center, which is owned in partnership with Lincoln Equities Group. These transactions reflect a recent uptick in overall activity within the Princeton submarket.

In the first transaction, information technology provider Affiliated Computer Systems Inc. renewed its 43,882-square-foot lease at ACM, which is located at 240 Princeton Ave. here. Jones Lang LaSalle, represented the tenant, while Lincoln's senior director of leasing, Dan Ackerman, represented the landlord.

In addition, Red Nucleus, a creator of interactive solutions for the life sciences industry, also renewed its 10,750-square-foot lease at AMC. Perna Frederick and Barry H. Gertsman & Co. co-represented the tenant, while Ackerman represented the landlord. "It goes without saying that we are operating within a new paradigm in the commercial real estate market, which means we must be vigilant in providing the highest quality product and services to existing and prospective clients," says Joel Bergstein, president of Lincoln Equities Group. Meritage founder Andrew Nathan agrees, adding that Meritage and Lincoln share a similar 'hands on' investment philosophy, which stresses focused and active asset management.