Updated Oct 30, 2026
Bronstein Properties And AB Capstone Acquire The Gardens Retail Center For $41M In Flanders
10 International Drive
$41,000,000
$194/SF
Building Size
210,845 SF
Asset Type
Retail
Closing
Oct 29, 2026
About this deal
AI
The Gardens is a retail property located at 10 International Drive, Flanders, NJ, which was sold for $41,000,000. This asset spans 210,845 square feet and has a price per square foot of $194. It is situated at the junction of Routes 80 and 46 and is known for its high occupancy and strong national tenant lineup.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $41,000,000
- Address: 10 International Drive, Flanders, NJ
- Square Footage: 210,845
- Price per Square Foot: $194
- Buyer: Bronstein Properties & AB Capstone
- Seller: Robert Rivani
- Brokers: Mario Brunelli & Danielle R. Brunelli - R.J. Brunelli & Co
Mario Brunelli and Danielle Brunelli of R.J. Brunelli & Co. represented the seller in this transaction, which involved the acquisition of the property from Pearland RJR, LLC (Rivani). The buyers, AB Capstone and Bronstein Properties, assumed the existing CMBS loan as part of the deal.
On the Map
$41,000,000
$194/SF
Retail
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Players
Flanders Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.39%
Cash-on-Cash
-0.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93