John M. Azarian, Jr. Of The Azarian Group Acquires Retail Center In North Brunswick

The Shoppes at North Brunswick is a retail asset located at 650 Shoppes Blvd in North Brunswick, New Jersey. The property encompasses 146,811 square feet and spans 15.8 acres. Built in 2007, it is currently 86.7% occupied and includes nearly 20,000 square feet available for lease-up. The shopping center is strategically positioned at the intersection of Routes 1 and 130 and is home to national retailers such as Walmart, Starbucks, Chipotle, and Banana Republic.

Summary of transation details:

• Property Type: Retail
• Transaction Amount: Undisclosed
• Buyer: John M. Azarian, Jr. - The Azarian Group
• Seller: Shoppes at North Brunswick LLC
• Brokers: Jose Cruz, Kevin O’Hearn & J.B. Bruno - JLL

An affiliate of The Azarian Group was involved in the leasehold sale of the property, indicating a strategic move within the retail market. JLL represented the seller during this transaction, highlighting the firm's role in facilitating the sale of this prominent shopping center.