Thank you for sharing!

Your article was successfully shared with the contacts you provided.

RARITAN, NJ-The last 8,000-sf slot at the 157,000-sf Somerville Circle Center is off the market, because Five Below has taken it, according to Matt Harding, president and COO of Levin Management. Five Below, a 60-store, Philadelphia-based specialty retailer focused on teens, joins Staples, Petco, PC Richard & Son, Panera Bread and Toys ‘R’ Us, among others, at the shopping center.”The store will be situated to draw from the more than 50,000 people that pass the center every day, as well as from the center’s broad market area,” Harding says. Somerville Circle Center was represented in-house by Ethan Goldsmith of Levin Management; Five Below was represented by Tom Rettaliata of the Jericho, NY office of Ripco. Terms were not released.

Among other things, Five Below sells such products as school supplies, sporting goods, games and accessories, all priced between $1 and $5. Its new location is situated at the intersection of Rtes. 202, 206 and 28 near I-287 in Somerset County.

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.