Edison, N.J. — Sam Ash Properties Corp. has sold a 21,929-square-foot shopping center located in Edison for $5.5 million. Marc Shein and Robert DiLeo of NAI DiLeo-Bram & Co. represented the seller in the transaction. An undisclosed grocer acquired the property, with plans to establish a flagship location.
Livingston, N.J. — Azarian Realty Co. has arranged two leases at The Livingston Town Center, a 65,523-square-foot retail center located in Livingston. Jacqueline Special Occasions and Ship Logistics will occupy 2,587 and 612 square feet at the property, respectively. Other tenants at the center include Hot Worx, LA Bikini, Omaha Steaks, Mixology, Wells Fargo and 16 Handles. Kevin Pelio of Azarian Realty Co. represented both the landlord and tenants in the leasing negotiations.
Willingboro, N.J. — Legacy Realty Group Advisors has brokered the $4 million sale of Kennedy Plaza, a shopping center located in Willingboro, roughly 20 miles outside Philadelphia. A grocery store anchors the property, which totals 58,900 square feet. Jacob Baruch, Jonah Warshaw and Ari Warshaw of Legacy represented the buyer in the transaction. Blaine Foreman of Metro Commercial represented the seller.
Quincy, Mass. — Stop & Shop, a grocery store chain based in the Boston suburb of Quincy, has announced plans to close 32 locations by the end of this year. Situated throughout the Northeast, the stores — described in a press release as “underperforming” — are located in Connecticut, Massachusetts, New Jersey, New York and Rhode Island. According to the grocer, the affected stores will shutter on or before Nov. 2. Associates at the locations will be offered other employment within the company. “As we announced in May, Stop & Shop …
Flemington, N.J. — Marcus & Millichap has brokered the $7.5 million sale of a two-tenant retail center located in Flemington. Dean Zang, David Crotts, Alan Cafiero and Brent Hyldahl of Marcus & Millichap represented the seller, Paramount Realty, in the transaction. Aspen Dental and City MD Urgent Care occupy the property, which totals 7,388 square feet. Tom Georges of Northmarq represented the buyer, a local private investor.
Lawrenceville, N.J. — Six new tenants have signed leases at Mercer on One, a shopping center located in Lawrenceville. Scheduled to open later this year, Bloomingdales Outlet, J.Crew Factory and Sephora will occupy 18,649; 6,000; and 4,818 square feet, respectively. Lazy Dog Restaurant, D1 Sports & Athletics and Nan Xiang Express have also signed leases at the property and are scheduled to open next year. Lazy Dog Restaurant will occupy 8,511 square feet, with D1 Sports & Athletics and Nan Xiang Express taking over 3,800 and 2,817 square feet, respectively. Federal …
Mt. Olive, N.J. — R.J. Brunelli & Co. has arranged a 16,400-square-foot lease at The Gardens, a 373,612-square-foot shopping center located in Mt. Olive. Fitness Factory is the tenant and will open a store within a space formerly occupied by Bed Bath & Beyond. A recently opened Boot Barn occupies the other portion of the former Bed Bath & Beyond. Other tenants at the property include Ross Dress for Less, HomeGoods and Skechers, which is scheduled to open in June. Panda Express and Chipotle Mexican Grill have also signed leases at …
Millville, N.J. — New tenants have signed leases totaling 46,000 square feet at Union Lake Crossing, a 393,000-square-foot retail center located in Millville in southern New Jersey. Irgang Group owns and operates the property, which is anchored by ShopRite. Old Navy will open a 15,000-square-foot store at the property, joining Fun City in occupying a space that formerly housed Dick’s Sporting Goods. Michael Friedman of Inline Realty represented Old Navy in the lease negotiations. Food-and-beverage concepts Five Guys, Poke Bros. and Crumbl have also signed leases at the center, with Five …
Cherry Hill, N.J. — Five new tenants have signed leases totaling 30,000 square feet at Cherry Hill Mall, a 1.4 million-square-foot shopping center located in Cherry Hill. Alo Yoga, Kendra Scott and Signature Workspace are scheduled to open at the property this year. Dry Goods and Rowan have also signed leases at the center, with the latter scheduled to open next spring. PREIT owns and manages the property.
Sayreville, N.J. — Marcus & Millichap has brokered the $7.2 million sale of a 25,898-square-foot retail center located in Sayreville, about 40 miles south of Manhattan. QuickChek anchors the property, which was 97 percent leased at the time of sale to 14 tenants. Ala Cafiero and Brent Hyldahl of Marcus & Millichap represented the seller and procured the buyer in the transaction.