New Jersey

The Village at Bridgewater Commons
Investment salesNew JerseyNews

Urban Edge Properties Acquires The Village at Bridgewater Commons in Central New Jersey for $54.3 Million

by Abby Cox

Bridgewater Township, N.J. — Urban Edge Properties has acquired The Village at Bridgewater Commons, a 92,461-square-foot open-air center located in Somerset County, for $54.3 million. Built in 2006 on 12.5 acres, The Village at Bridgewater Commons is anchored by Summit Health, a medical facility that opened in a newly redeveloped building on the property in 2024. Additional tenants include Starbucks Coffee, Shake Shack, Cava, Chipotle Mexican Grill and Big Chicken. The Village at Bridgewater Commons was 98 percent leased at the time of sale and sits adjacent to Bridgewater Commons, …

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Chapel Hill Shops
Investment salesNew JerseyNews

Marcus & Millichap Arranges Sale of 8,000-Square-Foot Retail Property in New Jersey

by Abby Cox

Jackson Township, N.J. — Marcus & Millichap has arranged the sale of Chapel Hill Shops at Jackson, an 8,000-square-foot retail property located in Ocean County, roughly 50 miles east of Philadelphia. Chez Eider of Marcus & Millichap represented the seller, a national investor, and procured the buyer, a local private investor. Situated on roughly 1.5 acres at 305 Whitesville Road, the property is fully occupied by a mix of locally based, service-oriented tenants including Bruno’s Barber Shop and Emilio’s Pizza & Restaurant.

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the-crossings-at-brick-station
Grocery-anchoredLeasingMixed-useNew JerseyNews

Triangle Equities, Incline Capital Sign Leases with Six New Tenants at The Crossings at Brick Church Near Manhattan

by Abby Cox

East Orange, N.J. — Triangle Equities and Incline Capital, alongside commercial leasing partner RIPCO Real Estate, have signed leases with six new tenants totaling 75,000 square feet at The Crossings at Brick Church, a mixed-use development under construction in East Orange, roughly 10 miles west of Manhattan. Burlington will occupy a 48,900-square-foot space, while Five Below will occupy 9,600 square feet. Women’s clothing retailer Rainbow will open a 6,400-square-foot store and Verizon will debut a 1,424-square-foot store. Healthcare provider Newark Community Health Center and Angel Nails will occupy 4,500 square feet and 3,400 square …

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grocery-anchored-retail-portfolio
GeorgiaGrocery-anchoredInvestment salesNew JerseyNewsSouth CarolinaVirginia

JLL Negotiates $115 Million Sale of Grocery-Anchored Retail Portfolio Across Four States

by Abby Cox

Atlanta — JLL Capital Markets has acquired a 588,000-square-foot portfolio of grocery-anchored retail centers in Georgia, South Carolina, Virginia and New Jersey, for $115 million. The portfolio comprises seven retail properties: Hickory Flat Village in Canton, Georgia; Deshon Plaza in Stone Mountain, Georgia; Flat Shoals Crossing in Decatur, Georgia; Cascade Corners in Atlanta; The Plaza at Carolina Forest in Myrtle Beach, South Carolina; Kroger Plaza in Virginia Beach, Virginia; and Lewandowski Commons in Lyndhurst, New Jersey. The portfolio is 99.6 percent leased and features a mix of grocers including Publix, Kroger …

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DevelopmentEntertainmentNew JerseyNews

Ace Pickleball Opens 26,500-Square-Foot Athletic Facility in North Brunswick, New Jersey

by Abby Cox

North Brunswick, N.J. — Ace Pickleball Club has opened a 26,500-square-foot athletic facility in North Brunswick, about 40 miles southwest of Manhattan. Located within the 288,000-square-foot Brunswick Shopping Center, the club will offer flexible, all-inclusive membership options for players, along with the opportunity to host private events and corporate outings. Fred Younkin of Levin Management Corp. represented the undisclosed landlord in the lease negotiations. Marta Villa of CBRE represented Ace Pickleball.

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interstate-shopping-center-TJX
Grocery-anchoredInvestment salesNew JerseyNews

Wafra Acquires 348,742-Square-Foot Interstate Shopping Center in Ramsey, New Jersey

by Abby Cox

Ramsey, N.J. — New York-based Wafra has acquired Interstate Shopping Center, a 348,742-square-foot shopping center located in the Northern New Jersey community of Ramsey. CBRE arranged the joint venture between Crossroads Cos. and Wafra to purchase the property, while Axiom Capital arranged the acquisition loan. This transaction marks the first time the property has been sold since an earlier and smaller version of the center was acquired in the early 1990s. ShopRite, T.J. Maxx, Burlington, Ulta Beauty, Michaels and DSW anchor Interstate Shopping Center, which comprises seven buildings across 42 retail …

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Cornerstone-Court
Investment salesNew JerseyNews

Marcus & Millichap Brokers $3.9 Million Sale of Retail Center in Pennington, New Jersey

by Abby Cox

Pennington, N.J. — Marcus & Millichap has brokered the $3.9 million sale of Cornerstone Court, an 18,284-square-foot retail center located in Pennington, approximately eight miles north of Trenton. Brent Hyldahl, Alan Cafiero and Seth Goldberg of Marcus & Millichap represented the seller, a New Jersey-based private investor. Hyldahl, Cafiero and Goldberg, along with David Cafiero and Damien Rance, also procured the buyer, another private investor from New Jersey. Located at 1 Tree Farm Road, Cornerstone Court comprises ground-floor retail and second-story office space. The center, which was 77 percent occupied at …

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Somerset Shopping Center
Grocery-anchoredLeasingNew JerseyNews

Levin Management Signs Lease with Sprouts Farmers Market to Anchor Somerset Shopping Center in New Jersey

by Abby Cox

Bridgewater, N.J. — Levin Management Corp. (LMC) has signed a 28,750-square-foot lease with Sprouts Farmers Market to anchor Somerset Shopping Center, a 219,000-square-foot shopping center located in the northern New Jersey community of Bridgewater. Vanessa Kelty and Ed Vasconcellos of LMC represented the landlord in the lease negotiations, while Mike Horn and Steven Winters of RIPCO Real Estate represented Sprouts Farmers Market. Sprouts will serve as a co-anchor to Barnes & Noble. The Sprouts lease follows a series of recent additions and openings at Somerset Shopping Center, including D1 Training, …

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bridgewater-commons
LeasingNew JerseyNews

PRCP Signs Leases with Four New Tenants at Bridgewater Commons in New Jersey

by Abby Cox

Bridgewater Township, N.J. — Pacific Retail Capital Partners (PRCP) has signed leases with four new tenants to join Bridgewater Commons, a 1.2 million-square-foot shopping center located in Bridgewater Township, approximately 45 miles southwest of New York City. Anthropologie opened a 9,577-square-foot store in January, while Popeyes opened a 644-square-foot restaurant this month. Ear piercing studio Rowan will debut its new store in the second quarter, along with the reopening of Pandora. An expanded Aerie store will be introduced in the third quarter, while OFFLINE by Aerie will launch in the fourth …

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The-District-at-the-Park
LeasingNew JerseyNews

Connell Co. Signs Leases with Five New Tenants at The Park Mixed-Use Development in Berkeley Heights, New Jersey

by Abby Cox

Berkeley Heights, N.J. — The Connell Co. has signed leases with five new tenants at The Park, a 185-acre mixed-use campus located in the northern New Jersey community of Berkeley Heights. The newest retailers will be situated within The District at The Park, a 60-acre downtown that will be anchored by a walkable main street and 160,0000 square feet of lifestyle, wellness and dining options. Four Spoons Ice Cream Co., Doner Shack, Café Exchange, Prime IV Hydration & Wellness and Greatness Wins will debut in July. In addition to the …

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