SOLD
Lidl Acquires Retail Property On NJ-18 In East Brunswick For $6.35M
651 New Jersey Highway18
Retail
40,000 SF
40,000 SF
Sold 1 year ago
Summary
Sale
NEW JERSEY
Retail
40,000 sqft
Lidl has recently purchased a retail property located at 651 NJ-18 in East Brunswick, NJ. The property consists of a 40,000 square foot building situated on a 2.75 acre site. The purchase was made from Time Equities for a total sale price of $6,350,000, resulting in a price per square foot of $159. Lidl plans to redevelop the site and build a new discount grocery store.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $6,350,000
- Address: 651 NJ-18, East Brunswick, NJ
- Market: East Brunswick, NJ
- Buyer: Lidl
- Seller: Time Equities
- Broker: Shane Wierks - Jeffery Realty
- Total Square Footage: 40,000 SF
- Price per Square Foot: $159
Shane Wierks from Jeffery Realty represented Lidl as their broker in this transaction.
Players
All
2
Agents
1
Agencies
1
Details
SOLD
IMAGE: Shane Wierks
DATE: 10/04/2022
ADDRESS: 651 NJ-18
MARKET: East Brunswick, NJ
ASSET TYPE: Retail
BUYER: Lidl
SELLER: Time Equities
BROKER: Shane Wierks (@ShaneMichaelRE) - Jeffery Realty
SALE PRICE: $6,350,000
SF: 40,000 ~ PPSF: $159
NOTE FROM BROKER: Lidl purchased existing 40,000 SF building, to redevelop the 2.75 acre site to build a new Lidl discount grocery store.View on map
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Address651 New Jersey Highway18
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