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754 New Jersey Highway 35

Iron Revolution Leases 28,045 Square Feet At Town Brook Commons In Middletown New Jersey
LEASEDRetail

Iron Revolution Leases 28,045 Square Feet At Town Brook Commons In Middletown New Jersey

754 New Jersey Highway 35

Building Size

28,045 SF

Asset Type

Retail

Closing

Jun 23, 2026

AI

The property asset involved in this transaction is a retail space located at 754 New Jersey Highway 35, Middletown, NJ, with a total square footage of 28,045. The lease was signed by Iron Revolution, which is taking over a former Big Lots space in the Town Brook Commons retail center, expanding its presence as its second location. This addition is part of Urban Edge Properties' strategy to utilize vacant big-box spaces effectively.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: Not disclosed
  • Address: 754 New Jersey Highway 35, Middletown, NJ
  • Square Footage: 28,045
  • Landlord: Jeffrey S. Olson - Urban Edge Properties
  • Tenant: Raymond Fennell - Iron Revolution
  • Landlord's Representative: Mike Testa - Catalyst Real Estate Partners
  • Tenant's Representative: Bernard Gutherz - Century 21 Action Plus Realty

This lease transaction adds a high-traffic fitness anchor to the retail center, complementing existing brands such as Orangetheory and Power Core Studio. The involvement of representatives from both Urban Edge Properties and Iron Revolution indicates a collaborative effort to enhance the retail experience in the area.

Players

Michael Testa

Catalyst Real Estate Partners

Broker

5 deals

Broker
Century 21
Century 21Brokerage

Jeffrey S. Olson

Urban Edge Properties

Landlord

$177.9M

vol

4 deals

Landlord

Middletown 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