Flemington Marketplace will welcome a 75,500-square-foot Target location. Commercial real estate services firm Levin Management Corporation (LMC) arranged the anchor lease, adding a new anchor retail store to the highly-trafficked, 239,000-square-foot community center at 325 Route 202, close by Flemington Circle in Flemington.
LMC serves as the exclusive leasing and managing agent for Flemington Marketplace. Senior Leasing Representative Vanessa Kelty brokered the deal on behalf of the property ownership, an institutional client of New York Life Real Estate Investors (NYLREI). The tenant broker was Jeff Howard of Ripco Real Estate. Target will take over the space once occupied by Burlington. LMC will begin a series of aesthetic enhancements to the location.
“This significant transaction reflects positive movement among major retail brands within the regional marketplace and underscores our team’s contributions toward maximizing competitive positioning for clients’ properties,” Kelty said. “Tenant mix is a big part of ensuring a shopping center’s long-term success, and adding a quality anchor tenant like Target is a real win both for Flemington Marketplace and the entire community.”
The Flemington Marketplace lease is the second recent Target deal LMC has secured in New Jersey. They recently announced a 211,500-square-foot location of the popular retailer at the LMC leased and managed West Orange Plaza.
Target joins a strong group of retailers in Flemington, including co-anchors Kohl’s, Michaels and ALDI. Chili’s, Hallmark, Panera Bread, Cold Stone Creamery, Verizon Wireless, Poke Café (coming soon), and Nail Imagine Nail Spa. The bustling shopping center attracts 1.9 million visitors every year, per real-time traffic data from Placer.ai.
Plainfield-based LMC has provided commercial real estate services for institutional and private owners for more than seventy years. Their retail-focused leasing and management portfolio includes 125 properties totaling over 16 million square feet in the Mid-Atlantic and Northeast.
