A Fortune 500 company appears to be betting on a retail comeback in the Garden State by finalizing leases and looking to open their next handful of stores.
Virginia-based Dollar Tree will be bringing their discount goods to several new spots located mostly in New Jersey’s northern retail hubs. Real estate brokerage R.J. Brunelli & Co. announced the deals last month, which will add four new stores to Dollar Tree’s total of over 15,000 nationwide.
The Old Bridge-based retail real estate brokerage completed a total of five leases for the chain, the first of which involved the company’s newly-opened 12,130-square foot space at the Roxbury Mall in Succasunna. Further east, Dollar Tree hopes to have a new location in Clifton’s Lakeview Shopping Center open during the third quarter of 2020 after finalizing a lease for 9,093-square feet of space that formerly housed a CVS.
In the Union county town of Springfield, Dollar Tree is taking over a 12,680-square foot spot at Echo Plaza that formerly housed a Stew Leonard’s Wine Store. The chain will also be coming to the Bergen county township of Teaneck, as they finalized a lease for a 10,500-square foot freestanding space at 1187 Teaneck Road. Both those locations look to make their debut later this fall.
Dollar Tree additionally agreed to a lease renewal that includes a 4,600-square-foot expansion to their existing Westmont Plaza store in Haddon Township. When the project is completed in this year’s fourth quarter, the chain will have grown its footprint at the Camden County property to over 12,000 square feet by annexing an adjoining former medical office.