“NJ Shopping Center Sells for $9 Million”

"NJ Shopping Center Sells for $9 Million"

A retail center in Middlesex, NJ, spanning 69,750 square feet and anchored by a popular supermarket has recently been sold for $8.55 million. The property, located at 242 Lincoln Boulevard and home to the newly renovated SuperFresh Middlesex operated by Key Food Stores cooperative.

SuperFresh Middlesex occupies a total of 57,000 square feet with an additional 6,300 square feet of office space on the second floor and a separate liquor store measuring at 6,115-square-feet. This well-equipped property also boasts seven loading docks along with ample parking space for over two hundred vehicles.

The sale was facilitated by Marc Shein from NAI DiLeo-Bram & Co (NAIDB), while Bennett Realty & Development represented the buyer. According to Shein “SuperFresh Middlesex fills an essential gap in providing daily grocery needs for approximately2940 people within a five-mile radius.”

About the Publisher:
Steve Griffin is based in sunny Palm Harbor, Florida. He’s an accountant by profession and the owner of GRIFFIN Tax and REVVED Up Accounting. In addition, Steve founded Madison Avenue Technology. With a strong passion for commercial real estate, he’s also dedicated to keeping you up to date with the latest industry news.

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