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3357 Brunswick Pike

Crate & Barrel Leases 23.4K SF Space At Mercer On One In Lawrenceville
LEASEDRetail

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

David Townes

JLL

Broker

$7.1M

vol

16 deals

Broker

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