Burlington Signs Lease For 38459 SF Retail Space At St. Georges Crossing In Woodbridge
855 Saint George's Avenue
Building Size
38,459 SF
Asset Type
Retail
Closing
Jul 28, 2025
AI
The property involved in this transaction is a retail asset located at 855 Saint George's Avenue in Woodbridge, NJ. It encompasses 38,459 square feet within the St. Georges Crossing shopping center, which has a total size of 343,000 square feet. The market for this property is Woodbridge.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not specified
- Address: 855 Saint George's Avenue
- Market: Woodbridge
- Asset Size: 38,459 sf
- Tenant: Michael O'Sullivan - Burlington
- Landlord's Representative: E.J. Moawad - LEVIN Management
- Tenant's Representative: Clifford Simon - CNS Real Estate
Burlington Stores has signed a lease for the 38,459 square feet of retail space at St. Georges Crossing. This marks the culmination of filling the last vacancy in the shopping center. The lease is part of a broader strategy by Levin Management Corp. and CNS Real Estate to modernize the tenant mix in the area, representing a significant step in their ongoing development efforts.
Players
Woodbridge Retail Market Snapshot
Boundary boundary · Retail · Lease transactions
Loading comparables…
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