Krispy Kreme Expands Across New York Metropolitan Area With Retail Leases Totaling 3,250 SF

The property involved in the transaction is a retail asset located at Seaview Square, specifically at 197 Route 9 & 602 Pacific Street. The total square footage of the property is 3,250. The market areas for this asset include Ocean Township and Marlboro, New Jersey, as well as Brooklyn, New York.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: Not specified
• Address: Seaview Square, 197 Route 9 & 602 Pacific Street
• Market: Ocean Township & Marlboro, NJ; Brooklyn, NY
• Tenant: Krispy Kreme
• Broker: David Townes - JLL

Krispy Kreme has signed three retail leases as part of its expansion strategy across the New York metropolitan area. JLL’s David Townes represented Krispy Kreme in these three deals, which support the brand’s franchise agreement with Original Entrepreneurs to open a total of 33 additional shops over five years in New York City, Long Island, and New Jersey.