Thank you for sharing!

Your article was successfully shared with the contacts you provided.

SOUTH PLAINFIELD, NJ-Specialty grocer Great Farmers Market has signed a lease to occupy all of the 21,000-sf 1260 Park Ave. in this Middlesex County community. The building was once operated as a supermarket by Acme Markets.

“This lease reflects a continuing trend in which major grocery chains like Acme are closing their older, smaller locations in favor of opening larger, more modern superstores,” according to Alan Gott of Levin Management Corp. of North Plainfield, NJ. Gott arranged the transaction for Levin, which counts the facility as part of its portfolio of almost 10 million sf of retail properties owned and managed in New Jersey, New York, Pennsylvania, Virginia and North Carolina.

“In turn, niche companies like Great Farmers Market are absorbing the vacancies and expanding their presence in key markets,” Gott adds. For this site in particular, he points to a population of more than 288,000 and an average household income of more than $94,000 within a five-mile radius of 1260 Park Ave.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

Dig Deeper

GlobeSt. NET LEASE Spring 2021Event

This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector.

Get More Information


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.