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Jay Diederich Leases 26500 Square Foot Space At Brunswick Shopping Center In North Brunswick
LEASED
New Jersey
See Similar DealsRetail26,500 SF
Leased 01/08/2025
LEASED
Jay Diederich Leases 26500 Square Foot Space At Brunswick Shopping Center In North Brunswick
Retail26,500 SF
Leased 01/08/2025
Summary
Asset Type:Retail
Price Per Square Foot:$0
Total Square Footage:26,500 SF
Transaction Type:Lease
The asset involved in this lease transaction is a retail space located at 498 Milltown Road in North Brunswick. The facility encompasses 26,500 square feet and is situated within the Brunswick Shopping Center. This shopping center has a total property size of 288,000 square feet and includes other tenants such as LA Fitness and Lidl.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not specified
- Address: 498 Milltown Road
- Market: North Brunswick
- Asset Size: 26,500 SF
- Tenant: Jay Diederich - Ace Pickleball Club
- Landlord's Representative: Fred Younkin - LEVIN Management
- Tenant's Representative: Marta Villa - CBRE
This lease marks the opening of the Ace Pickleball Club, which will provide premium courts, a pro shop, and corporate event hosting capabilities. The lease is facilitated by Levin ManagementCorporation, which oversees the operations of the shopping center.
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$1,518,964.01
Total Lease Value
$15,189,640.09
Net Landlord Cash Flow$1,518,964.01
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