Dollar Tree Signs Four NJ Leases; Homesense Opens in Monmouth County

OLD BRIDGE, NJ—Commercial brokerage firm R.J. Brunelli & Co. LLC reports it has recently brokered four lease deals for discount retailer Dollar Tree in the State of New Jersey.

The firm, which is Dollar Tree’s exclusive real estate representative in the Garden State, notes that in Central New Jersey Dollar Tree is expected to open in July 2019 in a 15,000-square-foot inline unit at Linden Square Shopping Center located on West Saint Georges Ave. in Linden. The chain occupies the former National Wholesale Liquidators space in the Planet Fitness-anchored center. Ripco Real Estate served as a co-broker on the deal.

Elsewhere in the state, leases were signed that are projected to bring Dollar Tree to locations in Deptford (southern New Jersey) in September 2019, and Hamilton (central region) and Denville (northern region) in October 2019.

In the Hamilton transaction, co-brokered by Metro Commercial, Dollar Tree signed for a 9,764-square-foot inline space at Hamilton Plaza, a 151,000-square-foot center located on White Horse Pike and Kuser Rd. The chain will occupy a portion of a former Kmart store at the site, whose other tenants include Planet Fitness and a soon-to-open Starbucks.

The Denville lease, co-brokered by Bill Schlossman of Castle Real Estate Services, will bring Dollar Tree to a 9,600-square-foot inline space at 559 East Main St., adjacent to the New Jersey Transit Station. The chain will absorb a portion of a space previously occupied by a Foodtown supermarket.

In Deptford, a lease was signed for a 10,000-square-foot location in an outparcel building shared by Auto Zone. Home Depot anchors the property, which is located at 1360 Hurffville Rd. The Deptford lease was co-brokered by Keith Seymour of Equity Retail Brokers.

All of the Dollar Tree leases were brokered by Danielle Brunelli, president and principal of R.J. Brunelli & Co.

Brunelli represented the landlord on the lease that brought decor chain Homesense to the Manalapan EpiCentre on Rte. 9 South in Monmouth County. The TJX Cos. brand opened in late-February in a 29,000- square-foot space, taking the majority of the property’s   former Sports Authority store. Brunelli notes the 17,600-square-foot balance of the defunct chain’s location is the only space available at the 460,000-square-foot power center, whose other anchors include Target, Wegman’s, Marshall’s, Home Goods, and PC Richard and Sons.

“We’re seeking a baby specialty store, flooring store or specialty craft store for this endcap unit,” she said.

The firm also reports that in Passaic County, it represented the landlord of The Parke at Hamburg on a new lease with Learning Care Group’s Everbrook Academy for a new, 12,850-square-foot freestanding building A spring 2020 opening is anticipated at the 48,350-square-foot center located on Hamburg Turnpike in Wayne. The firm serves as exclusive leasing agent for the supermarket-anchored property. R.J. Brunelli Investment Sales Specialist Mario Brunelli co-brokered the deal with Vicki Ezra of The Dartmouth Co.