6B — May 12 - 25, 2017 — Central New Jersey — M id A tlantic

Real Estate Journal


C entral N ew J ersey

New Retail listing located in busy, affluent Monmouth County, NJ, Retail Corridor Zimmel Associates awarded Exclusive Plaza to sell in Marlboro, NJ

Exclusive Plaza


arlboro, NJ, NJ — Zimmel As- sociates , the Edi-

son based corporate real estate services firm, has been named exclusive listing agent to market the sale of Exclusive Plaza, a 58,000 s/f, open-air retail center located at the intersection of Rt. 9 North and Union Hill Road in Marlboro. Renaissance Properties, Old Bridge, NJ, is the current owner. “Exclusive Plaza is ideally situated in one of the busiest retail corridors inMonmouth County, NJ, an area known for its desirable and affluent demographics,” said David Zimmel , CEO, Zimmel As- sociates. “The plaza is 95 percent leased with a di- verse mix of established busi- nesses, 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 nu- merous 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 con- tinued stability and growth. We believe this listing will attract private and insti- tutional investors and look forward to showing all that it has to offer.” Zimmel Associates is an Edison, NJ-based commer- cial real estate services firm that provides fully integrat- ed brokerage, consulting, investment and property management services for local, regional and national clients. n

For Sale: Exclusive Plaza, Marlboro, NJ

58,000 Sq. Ft. Open Air Retail Center

Ideally Located at Rt. 9 North and Union Hill Road

Outstanding Investment Opportunity

SUPERB LOCATION • Busy Monmouth County Retail Corridor • Convenient Access from Every Direction • Adjacent to Busy Commuter Parking Area • Close to Home Depot, Kohl’s, Shop Rite, Whole Foods

AFFLUENT AREA, DESIRABLE DEMOGRAPHICS • Population of 46,193 within 3-Mile Radius • Average Household Income of $136,588 • Strongly Positioned for Stability and Growth STRONG IN-PLACE CASH FLOW • 95% Leased • Fresh Leases With National Tenants • Diverse Mix of Established Local Tenants

ZIMMEL ASSOCIATES CORPORATE REAL ESTATE SERVICES 1090 King Georges Post Road, Suite 808, Edison, NJ 08837 (732) 661-9200 • Fax: (732) 661-9617 • www.zimmel.com

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