20B — March 2026 — Best of 2025 — M id A tlantic Real Estate Journal
www.marej.com
The BEST RETAIL PROJECT of 2025
The Kislak Co., Inc. 32-34 Broad Street Red Bank, NJ
Wohlsen Construction U-Haul Moving & Storage of Lancaster, PA
Prism Capital Partners ON3 Clifton, NJ
Size: 5,252 SF The prime first-floor space is located in the heart of vibrant downtown Red Bank. Chase Bank previously occupied the space. The location offers convenient dedicated on-site parking in the rear along with additional parking in the neighboring municipal parking lot. Nearby tenants include a variety of dining options, from casual cafes to upscale restaurants, as well as lifestyle amenities like the Count Basie Theatre, riverside parks, marinas, and a wide range of retail and shopping destinations. Nearby retailers include Garmany, Tiffany & Co., RH and Urban Outfitters. Established in 1818, Brooks Brothers is an iconic American luxury clothing brand, dressing 39 presidents along with industry leaders and cultural innovators. It is the oldest apparel brand in continuous operation in the United States. The new Red Bank store marks Brooks Brothers’ return to the area following the recent closure of a store at The Grove at Shrewsbury. A grand opening for the new store is anticipated for the summer of 2025.
Size: 192,161 SF This project provided preconstruction and construction management services for a new three story, climate controlled interior storage facility serving the Lancaster market. The development includes over 1,100 self storage units, exterior storage, covered RV storage, and dedicated space for U Box storage, supported by extensive sitework. Designed to accommodate a wide range of customer storage needs, the facility integrates multiple storage types within a single, efficiently planned site. The completed project expands U Haul’s operational capacity in the region while delivering a modern, purpose built storage solution that balances functionality, accessibility, and long term durability.
Size: 9,325 SF 2025 brought lease signings with Chase (3,500 s/f), Panera (3,500 s/f) and Chipotle (2,325 s/f) – all for ground-up pad-site developments – at Prism Capital Partners’ ON3. These national brands join Starbucks, which opened in late 2024 as the first retail tenant at the multi-award-winning mixed-use campus. Prism continues to prioritize its role as a good neighbor, bringing in well- known brands to support the ON3 community and area residents, and developing the campus’ infrastructure to accommodate its growth. Prism Construction Services is finalizing the construction of new ingress/egress lanes to accommodate traffic flow from Route 3 to the property’s retail pad sites.
The Dougherty Team of Marcus & Millichap AutoZone Hub Williamstown, NJ The MOST UNIQUE RETAIL SALE of 2025
JLL Capital Markets Edgewater Towne Center Edgewater, NJ The LARGEST MIXED-USE SALE of 2025
Type of Project: Retail & Multifamily Size: 76,525 SF Brokers: Jose Cruz, Kevin O’Hearn, J.B. Bruno, Steve Simonelli, Michael Oliver, Elizabeth DeVesty, and Austin Pierce JLL Capital Markets closed the $53.2 million sale of Edgewater Towne Center, a mixed-use property in Edgewater, New Jersey consisting of 76,525 s/f of retail space and 64 apartment homes. JLL represented the seller, Site Centers Corp, and procured the local private buyer. Edgewater Towne Center, completed in 2000 and situated on nearly 14 acres, is anchored by Whole Foods Market, which ranks fourth in New Jersey and generates impressive sales. The property features 76,525 s/f of retail space complemented by 64 market-rate apartment units located on two floors above the retail component.
Size: 1 4,480 SF / 2.11 Acres Mark Krantz and Derrick Dougherty demonstrated exceptional market cycle expertise by facilitating the dual disposition of 2099 N Black Horse Pike. Originally sold by the team in 2024 as a vacant Rite Aid, the property underwent a transforma - tive redevelopment into an AutoZone Hub. This regional distribution site carries significantly higher inventory to support 25-50 nearby stores. The brokers secured a 15-year corporate lease with an investment-grade tenant, ultimately selling the asset again. This transaction highlights the team’s ability to unlock “generational real estate” value through strategic redevelopment and re-leasing.
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