Bennett Realty & Development Retained to Sell 122,000 SF New Jersey Shopping Center

Bennett Realty & Development (BR&D), a full service commercial real estate firm based in Holmdel, NJ has been retained as the Exclusive Sales Agent of Mocci Parkway Plaza in Iselin, New Jersey.  Located at the one of the busiest intersections in the region on US-1 & the Garden State Parkway, the Center is currently anchored by Marshalls and DSW with P.C. Richard & Son and HomeSense under construction and slated to open soon.  In addition, a new free-standing Starbucks will locate on a pad site directly on US-1.  Set on 8 acres, the Property has unobstructed visibility to the Garden State Parkway with over 250,000 vehicles per day.  The site is located between two of the State’s largest indoor malls; Woodbridge Center Mall and Menlo Park Mall making the location a super-regional asset that is complimented by proximity to Routes 287, 35, 9, and the NJ Turnpike.  The trade area boasts in excess of 330,000 residents within a five-mile radius with an average household income of more than $150,000.00.  In addition, the Property also has approvals for an additional 133,000 square foot self-storage development.

BR&D’s, William Lenaz and Tyler Bennett are handling the sale which is listed for an undisclosed price.

“This site is the definition of a ‘Trophy Property’.  Given its location and co-tenancy which include some of the most successful retailers in the country, this is a rare offering. We are delighted to bring this to the market and run our process for our client.” Said Bill Lenaz of BR&D.

About BR&D

Bennett Realty & Development is a vertically integrated commercial real estate Advisory and Development Firm. With over 100+ years of combined experience and in excess of $2 billion in valued transactions the firm’s Advisory Services include; Investment Sales, Retail Landlord Leasing, Tenant Representation, Commercial Sales, and Multifamily sales. Its Development platform focuses on Commercial/Hospitality and Multifamily projects with a focus in New Jersey.