National Retailer Commits to 75,500 SF at Hunterdon County Shopping Center
National retail chain Target will open a 75,500- square-foot store at Flemington Marketplace, announced Levin Management Corporation (LMC). The commercial real estate services firm arranged the anchor lease as exclusive leasing and managing agent for the 239,000-square-foot community center at 325 Route 202, just off the Flemington Circle in Flemington, New Jersey.
LMC Senior Leasing Representative Vanessa Kelty arranged the lease on behalf of the property ownership, an institutional client of New York Life Real Estate Investors (NYLREI). Jeff Howard of Ripco Real Estate served as tenant broker. Target will occupy a former Burlington space at Flemington Marketplace, where LMC is set to launch a planned program of aesthetic enhancements – having successfully secured municipal zoning and land use approvals on behalf of the owner.
“This significant transaction reflects positive movement among major retail brands within the regional marketplace and underscores our team’s contributions toward maximizing competitive positioning for clients’ properties,” Kelty said. “Tenant mix is a big part of ensuring a shopping center’s long-term success, and adding a quality anchor tenant like Target is a real win both for Flemington Marketplace and the entire community.”
Target joins a lineup of well-established retailers at Flemington Marketplace, including co-anchors Kohl’s, Michaels and ALDI. Rounding out the mix are Chili’s, Panera Bread, Hallmark, Verizon Wireless, Poke Café (opening soon), Cold Stone Creamery and Nail Imagine Nail Spa. The highly trafficked shopping center draws 1.9 million visitors per year, according to real-time traffic data from Placer.ai.
The Target lease at Flemington Marketplace reflects LMC’s strong relationships with prominent national brands, marking the team’s second recent New Jersey lease with the popular retailer. In West Orange, Target will open a 211,500-square-foot location at the LMC leased and managed West Orange Plaza.
