M id A tlantic Real Estate Journal — Central New Jersey — August 2026 — 25
www.marej.com
C entral N ew J ersey
OWELL, NJ — JLL has been re - tained on an exclu - 93.4%-leased regional shopping center features Kohl’s, TJ Maxx, HomeGoods, Burlington, and Ulta JLL retained to sell 298,475 s/f Howell Commons in Howell, New Jersey H
sive basis to arrange the sale of Howell Commons, a 298,475 s/f regional power center located at 4701-4799 US Rte. 9 North in Howell Twp., Monmouth County. The 93.4%-leased shopping center is anchored by one of the nation’s top-performing Kohl’s stores and features a national tenant roster that includes TJ Maxx, HomeGoods, Burlington, Mi - chaels, Old Navy, Ulta and Famous Footwear. Several junior-anchor tenants have renewed, extended or signed new long-term leases within the past five years, support - ing a durable income stream at the property. Situated on 35.35 acres along the heavily traveled Route 9 retail corridor, How - ell Commons benefits from traffic counts exceeding 40,000 vehicles per day. The center was developed between 2001 and 2004 and renovated in 2014. According to Placer.ai data cited by JLL, several tenants rank within the top 1% of their respective national portfolios. The cen - ter is home to New Jersey’s highest-ranked Burlington location based on visits per square foot and the nation’s top-ranked Great Clips based on total visits. Chi - potle also reports sales of approximately $1,380 psf. Howell Commons’ occu - pied space is composed of 99% national tenants, with an average tenant tenure of 16 years. The property has also demonstrated strong small-shop leasing momen - tum, generating rent growth of up to 37% on negotiated renewals since 2022. JLL is positioning the of - fering as an opportunity to acquire a premier regional shopping center with strong store-level performance, tenant retention and small- shop rent growth in one of Central New Jersey’s most active retail corridors. The property will be offered free and clear of existing mortgage financ - ing. JLL’s Debt Advisory team has underwritten the opportunity and is available to consult with prospective purchasers. The JLL marketing team
Howell Commons, a 298,475 s/f regional power center located at 4701-4799 US Rte. 9 North in Howell Twp., Monmouth County and vice president Alana Friedman are handling leasing. MAREJ Ryan Carroll is advising on financing, while manag - ing director David Townes is led by senior manag - ing director Jose Cruz and senior director J.B. Bruno , with support from analysts Cole Doyon and Cameron Hill . Director
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