News

Vacancies in retail properties along central New Jersey’s four most significant shopping corridors decreased for the third consecutive year during 2003, reaching its lowest level in over 10 years. According to R.J. Brunelli & Co., Inc., the region’s vacancy factor dropped to 3.8% last year from 4.8% in 2002 and 5.7% in 2001, with declines

OLD BRIDGE, N.J. (2/27/04)—After plunging to an historic low of 2.0% during 2002, the vacancy factor in retail properties along northern New Jersey’s major shopping corridors moved up to a still-robust 3.2% in 2003, according to R.J. Brunelli & Co., Inc., which has been evaluating the region’s retail real estate landscape since 1990. While vacancy

OLD BRIDGE, N.J. (2/19/04)–R.J. Brunelli & Co., Inc. today reported that it brokered $118 million in retail real estate transactions during 2003. Over the 12 months, The Old Bridge-based retail real estate firm completed 64 lease transactions accounting for an aggregate rental value of $103 million, and closed seven property sales with a total selling

OLD BRIDGE, N.J. (11/25/03)—R.J. Brunelli & Co., Inc. today announced that it brokered $16.7 million in retail real estate transactions during the third quarter of 2003. Activity for the three months ended September 30 included 16 lease transactions with an aggregate rental of $11.2 million and three property sales with a total value of $5.5

Complex would include retail, restaurant and entertainment elements, along with public recreational facilities, office space, artist lofts and apartments MANALAPAN, N.J. (9/25/03)—Plans for a $90 million, mixed-use, commercial ‘town center’ development at the intersection of State Highway 33 and Millhurst Road were presented to the Manalapan Township Committee at the governing body’s public meeting last

OLD BRIDGE, N.J. (8/11/03)–R.J. Brunelli & Co., Inc. today reported that it brokered $28.5 million in retail real estate transactions during the second quarter of 2003. Activity for the three months ended June 30 included 17 leases with an aggregate rental of $24.7 million and two property sales totaling $3.8 million. This brought the retail

HOLMDEL, N.J. (6/30/03) –With the recent signing of The Sprint Store, all spaces have now been leased at The Commons at Holmdel, a 235,000-square-footlifestyle shopping center that formally opened in fall 2002. R.J. Brunelli & Co., Inc., which has served as exclusive leasing agent for developer Denholtz Associates since the project’s inception, reported that construction

OLD BRIDGE, N.J. (4/29/03)–R.J. Brunelli & Co., Inc. today reported that it brokered 13 retail real estate lease transactions carrying a total aggregate rental of $11.3 million during the first quarter of 2003. The transactions covered properties throughout all areas of New Jersey, and a location in Pennsylvania Activity was led by three deals for

OLD BRIDGE, N.J. (3/17/03)—The retail vacancy rate along central New Jersey’s four primary shopping corridors declined to 4.8% during 2002 from 5.7% the previous year, according to R.J. Brunelli & Co., Inc., as a steep downturn in the vacancy factor on Route 9 and a slighter decrease on Route 35 offset rising rates on Routes

OLD BRIDGE, N.J. (3/12/03)–R.J. Brunelli & Co., Inc. today announced that it has signed new agreements to provide exclusive broker representation services in New Jersey for a variety of properties, including subleases for a former Pathmark property at Windsor Green Shopping Center, a former Shop-Rite location at Arrow Mill Plaza, as well as lease opportunities