ZIMMEL AWARDED EXCLUSIVE TO SELL MARLBORO, NJ RETAIL PLAZA
New Retail Listing Located in Busy, Affluent Monmouth County, NJ, Retail Corridor
Edison, New Jersey, May 5, 2017—Zimmel Associates, the Edison, NJ-based corporate real estate services firm, has been named exclusive listing agent to market the sale of Exclusive Plaza, a 58,000 sq. ft., open-air retail center located at the intersection of Rt. 9 North and Union Hill Road in Marlboro, NJ. Renaissance Properties, Old Bridge, NJ, is the current owner.
“Exclusive Plaza is ideally situated in one of the busiest retail corridors in Monmouth County, NJ, an area known for its desirable and affluent demographics,” says David Zimmel, CEO, Zimmel Associates. “The plaza is 95 percent leased with a diverse mix of established businesses, including two fresh leases with national tenants, Advanced Auto Parts and Planet Fitness.”
Nearby businesses include Home Depot, Shop Rite, Kohl’s, Whole Foods and numerous restaurants, which provide a steady stream of commercial traffic. “There is not much developable land available in the area, yet there is high demand,” says Zimmel.
“This is a well-leased retail center with a robust cash flow. It is located in an area strongly positioned for continued stability and growth. We believe this listing will attract private and institutional investors and look forward to showing all that it has to offer.”
Zimmel Associates is an Edison, NJ-based commercial real estate services firm that provides fully integrated brokerage, consulting, investment and property management services for local, regional and national clients. Established in 1986, Zimmel Associates represents more than five million sq. ft. of exclusive office, industrial and flex space throughout New Jersey. For more information, visit www.zimmel.com.