Reports show retail booming along Rt. 1 & 10 corridors.The Goldstein Group recently completed its Route 1 Middlesex County For the traditional county of England, see Middlesex. For other uses, see Middlesex (disambiguation). Middlesex County is the name of six counties in North America:
New Brunswick, also known as "the Healthcare City"[2] or "Hub City",[3] is a city and the county seat of the County of Middlesex, New Jersey, USA. . This extremely low vacancy rate indicates a very strong retail market with limited available space along the Route 1 corridor. The survey analyzed over 190 properties within the highway corridor from Route 35 in Woodbridge to Ryders Lane in East Brunswick, as well as a portion of Route 9 in Woodbridge, which together encompass over 4.9 million square feet of retail space. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. The Goldstein Group's analysis, this marketplace has only 115,743 square feet of retail space currently available. The largest blocks of available space along the corridor include the 23,500-square-foot former Office Max and the 16,265-square-foot former Drug Fair. Tenants such as Bob's Discount Furniture Bob's Discount Furniture is a privately-owned regional chain of furniture stores in the Northeastern United States, primarily New England. As of 2007, the company has 30 stores located in Connecticut, Massachusetts, Maine, New Hampshire, New Jersey, New York, and Rhode Island. , Party Fair, Raymour & Flanagan, Citibank, Famous Dave's  This article or section is written like an .Please help [ rewrite this article] from a neutral point of view. Mark blatant advertising for , using . , Golf Galaxy, Pier 1 Imports Pier 1 Imports Inc. (NYSE: PIR) is a Fort Worth, Texas-based retailer specializing in imported home furnishings and decor, particularly furniture, table-top items, decorative accessories and seasonal decor. and New Jersey Off-track Betting off-track betting n. Abbr. OTB A system of placing bets away from a racetrack. have absorbed over 180,000 s/f of available retail space so far this year. "The Route 1 corridor has a low vacancy rate due to a high demand from national and regional retailers," stated Chuck Lanyard, principal and director of brokerage services of The Goldstein Group. "Over 74,000 s/f of retail space is under construction along the corridor. In addition, Hartz Mountain is working on a plan for the former Ford Factory in Edison, which is guaranteed to bring even more retailers to the Route 1 corridor. We predict the remaining retail space in the market will be filled quickly." The Goldstein Group also recently completed its Route 10 retail vacancy survey, which shows a 4.2% vacancy rate throughout the corridor from Morris Plains to Roxbury, New Jersey. "This vacancy rate indicates a very strong retail market with very little available space along the Route 10 corridor," according to Lanyard. Encompassing over 4.36 million square feet of retail space, the survey analyzed 256 properties within the highway corridor from 1-287 to Route 80, as well as a portion of Route 46 in Roxbury. According to The Goldstein Group's analysis, the Route 10 corridor has over 185,000 s/f of retail space currently available. Some of the vacant spaces include 35,000 s/f at Ledgewood Mall Ledgewood Mall is a single-level shopping mall located in the Ledgewood area of Roxbury Township, New Jersey. The mall has a gross leasable area of 518,246 ft²[1]. , 23,000 s/f at Roxbury Mall Roxbury Mall is a power center located on Route 10 in the Succasunna neighborhood of Roxbury Township, New Jersey. It is anchored by houses Kohl's, Shop Rite, Home Depot, Staples, and Linens 'N Things. The mall has a gross leasable area of 706,000 ft²[1]. , the 12,000 s/f former Amrik Galleries, and the former KB Toys K•B Toys (previously known as Kay Bee Toys) is a chain of mall-based retail toy stores in the United States. It was founded in 1922 by the Kaufman brothers. It currently operates 605 stores in 44 U.S. states, Puerto Rico as well as Guam. in Morris Plains. Tenants such as J Jill, Fuddruckers, Saladworks, Planet Fitness, Empire Hibachi Steak House and Ricky's Candies and Cones have absorbed a combined total 58,030 square feet of space so far this year. Additionally, this corridor has over 124,000 s/f of new developments, including a 12,000 s/f strip center in Randolph, a 10,000 s/f center pre-leased to Hoffman Carpets and a Prudential Real Estate office in Roxbury, a 3,500 s/f building next to FexEx Kinko's, and a Mini U Storage facility in Whippany. "New retail development along the Route 10 corridor will ensure quality locations for new local, regional and national retailers," stated Lanyard. "With the constant growth of the Route 10 retail corridor and the recent influx of national retailers seeking sites in the corridor, we forecast that much of this available retail space will be filled in early 2007." |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion