Crate & Barrel Leases 23.4K SF Space At Mercer On One In Lawrenceville
3357 Brunswick Pike
Building Size
23,400 SF
Asset Type
Retail
Closing
Jan 26, 2024
AI
Crate & Barrel Outlet has leased a 23,400-square-foot space at Mercer on One in Lawrenceville. The retail property is located at 3357 Brunswick Pike in Lawrence Township. Mercer on One is an upscale center that aligns with Crate & Barrel's strategic expansion efforts. The prime location offers high-traffic and provides an ideal setting to meet customer demand.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: Not specified
- Square Footage: 23,400 SF
- Address: 3357 Brunswick Pike, Lawrence Township
- Market: Lawrence Township
Jeffrey Fischer from Federal Realty Investment Trust represented the landlord in the deal. Alana Friedman and David Townes from JLL served as the tenant's representatives for Crate & Barrel Outlet.
Players
Trenton Retail Market Snapshot
Boundary boundary · Retail · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93