A 69,750-square-foot supermarket-anchored retail center in Middlesex, NJ., has been sold for $8.55 million. The property, located at 242 Lincoln Boulevard, houses the recently renovated SuperFresh Middlesex, part of the Key Food Stores cooperative.
SuperFresh Middlesex occupies 57,000 square feet of the space, with an additional 6,300 square feet of second-floor office space and a separate 6,115-square-foot liquor store. The property also features seven loading docks, a compactor pad, and over 200 parking spaces.
Marc Shein of NAI DiLeo-Bram & Co. (NAIDB) has facilitated the sale. The buyer was represented by Bennett Realty & Development. “SuperFresh Middlesex brings a much-needed supermarket back online within the borough to meet the daily grocery needs of about 294,000 people within a five-mile radius,” said Shein.
Emily Fu is Content Director of Connect Commercial Real Estate, where she covers the east coast markets, including New York, Boston & New England, and DC & Mid-Atlantic markets. She produces daily news stories as well as longer-form content, ranging from Q&As to thought-leadership pieces. She also writes feature stories for Connect Money.
With previous stints at Reuters, Seeking Alpha, and Commercial Observer, Emily has covered the finance side of the commercial real estate industry, technology, media, telecom (TMT), and fashion. She attended the Columbia Graduate School of Journalism and currently resides in Manhattan.