Gemma Lionello Of Nordstrom Rack Leases 27,000 Square Feet At Brunswick Square In East Brunswick
755 State Route 18
Building Size
27,000 SF
Asset Type
Retail
Closing
Apr 10, 2026
AI
A retail asset consisting of 27,000 square feet located at 755 State Route 18 in East Brunswick has been leased. The property is part of the Brunswick Square mall, currently undergoing major modernization to attract new tenants and enhance its offerings.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not specified
- Address: 755 State Route 18
- Market: East Brunswick
- Landlord: Maurice Zekaria - Paramount Realty; Edgewood Properties
- Tenant: Gemma Lionello - Nordstrom Rack
The lease agreement with Nordstrom Rack signifies a strategic expansion for the brand within the New York area, and the revamped shopping center will feature additional tenants such as Barnes & Noble and AMC Theatres, enhancing the retail experience for customers.
Players
East Brunswick 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