ANNOUNCING THE RECENT SALE OF MULTIPLE PROPERTIES WITHIN SOMERSET COUNTY NJ

As the exclusive representative for 67A Mountain Blvd., long time ownership, MOUNTAIN BOULEVARD ASSOCIATES I, LLP, and WARREN ASSOCIATES III, LLP, the 28,000 SF two story class B office building was sold to an affiliate of highly regarded Carbo Constructors, a prominent construction company with an affiliated real estate investment division that will relocate its headquarters this spring from Hillsborough, to 67A Mountain Blvd upon completion of renovations to this formally PS&S fully occupied property.

SRM has been appointed by new ownership as leasing agent according to SRM’s, Christian Harrington, an associate within the  brokerage department.  The available office and lab space will include the entire 2nd floor ±14,000 SF plus 9,000 SF of first floor offices remaining.  The property contains 109 parking spaces and is within Warren’s “downtown” affording shops, restaurants and banking immediately adjacent along Mountain Blvd.

The contiguous two-story office building comprising 33,000 SF situated at  67B Mountain Blvd. Warren, was also sold by Silbert, in an all-cash transaction to an unrelated investment group, whose future use of this executive quality  class B office facility is to be determined.   “We were pleased that Silbert was able to negotiate this transaction and meet our long-term investment needs for investment criteria” according to Andrew Markham, a principal of his group’s investors that acquired the property in mid-January. 

Separately, a former Burger King restaurant site situated visible to Route 206 having an address of 2045 Burnt Mills Road, Bedminster, NJ was sold for re-adaptive use by a Church organization that will undertake a renovation of the existing 2600 SF facility as wells as site improvements for the Church membership that occupancy is anticipated for late 2 Qtr.

In a fourth local transaction, adjacent this Bedminster sale, Silbert announced that his company sold a 1.6-acre parcel of mostly undeveloped land, for future development of a 13,000 SF Primrose child care facility.   According to Silbert, whose firm has represented Primrose in NJ since 2009, the highly regarded childcare was extremely pleased to have the

opportunity to expand Primrose foot print within Somerset County and grow their over 400 National facilities with the Bedminster kindergarten and pre-elementary school child care, slated for licensing of approximately 190 children.   Construction on the approved single story Primrose School is proposed to be commenced late Q2.

CALL US TODAY FOR INFORMATION ON OTHER

OUTSTANDING OPPORTUNITIES FOR SALE OR LEASE

908.604.6900 info@silbertrealestate.com

SILBERT REALTY & MANAGEMENT CO. INC.

WWW.SILBERTREALESTATE.COM

OWNERSHIP OF TWO MAJOR GROCERY ANCHORED SHOPPING CENTERS RE-APPOINTS SRM AS LEASING AGENT FOR KINGS SUPERMARKET ANCHOR REPLACEMENT

Bernardsville Centre, an 89,083 SF shopping center recently re-positioned and expanded with the addition of Sherwin Williams, Chipotle Mexican Grill, Cycle Bar among other retailers through SRM and separately, Warren Village Shopping Center, a 62,000 SF shopping center leased on behalf of Warren Village Associates since 2002, and considered the premier shopping center within desirable Warren Township, are actively marketing the respective shopping centers to secure a new anchor tenant to replace Kings Supermarket slated to close later this month.  Warren Village Shopping Center serves residents and businesses of Warren, Watchung, Green Brook and surrounding communities. 

According to Silbert, whose firm manages and operates real estate with such national tenants as Whole Foods, Wegmans, ShopRite among others, the “Warren and Bernardsville locations are exceptionally well positioned within top rated Somerset County communities possessing upper income demographics, corporate and academic stature and further enhanced with a number of new residential housing developments underway. The communities are among the most desirable within northern New Jersey and we are fully committed to the success of a quality replacement for 2021.”

Bernardsville Centre – 80 Morristown Road – Borough of Bernardsville
Somerset County NJ
Warren Village Shopping Center – 64 Mountain Blvd – Township of Warren
Somerset County NJ

FOR INFORMATION ON THESE AND OTHER OUTSTANDING OPPORTUNITIES

908.604.6900 – info@silbertrealestate.com

SILBERT REALTY & MANAGEMENT CO. INC.

WWW.SILBERTREALESTATE.COM

NEW MANAGEMENT ASSIGNMENT OF PROMIENT SHOPPING CENTER AWARDED TO SRM

270 Route 206 South, Borough of Chester, Morris County NJ

The Woodmont Company has awarded SRM as facility and day to day property management of this  prestigious lifestyle center. “The Streets of Chester” is situated at the signalized intersection on Route 206 in the affluent Borough of Chester, Morris County.  In conjunction with its appointment, SRM is completing an approved new monument sign to be installed at the entry of the shopping center. 

Anchored by Dean’s Natural Market, SRM brought in, Trinity Rehab who opened their Chester location this past spring, which was one of its strongest openings within the last 24 months for this fast-growing physical therapy center.  Trinity Rehab has 27 locations throughout New Jersey and Pennsylvania with 8 additional locations under construction.

Starbucks relocated to The Streets of Chester and has proven to be a smashing success with the new drive thru. 

FOR LEASING INFORMATION ON AVAILABLE UNITS FROM

1,325 SF – 4,700 SF, PLEASE CONTACT:

David A. Greenman, Sr. VP Retail Services Group

908.604.6900 x 106  dgreenman@silbertrealestate.com

or

Brian S. Silbert, President & CEO

908.604.6900 x 116 info@silbertrealestate.com

FOR INFORMATION ON THESE AND OTHER OUTSTANDING OPPORTUNITIES

908.604.6900 info@silbertrealestate.com

SILBERT REALTY & MANAGEMENT CO. INC.

WWW.SILBERTREALESTATE.COM

COMING TO MANSFIELD COMMONS II

COMING SOON TO MANSFIELD COMMONS II

1885 Route 57, Mansfield Township (Hackettstown), Warren County NJ

As exclusive leasing and managing agent, SRM is proud to announce Aspen Dental has entered into a lease for approximately 3,500 SF and is scheduled to open next year within Mansfield Commons II contiguous the 271,979 SF Mansfield Commons regional shopping center anchored by Super Walmart and Kohl’s. 

Mansfield Commons II existing tenants include; Starbucks, Verizon Wireless, The Learning Experience & other national retailers and offers remaining restaurant and retail opportunities for lease. 

Stay tuned for the official opening date of this latest location!

FOR INFORMATION ON THESE AND OTHER OUTSTANDING OPPORTUNITIES

908.604.6900 info@silbertrealestate.com

SILBERT REALTY & MANAGEMENT CO. INC.

WWW.SILBERTREALESTATE.COM

SUCCESSES – FULLY LEASED AND SOLD

OCT/NOV 2020

FULLY LEASED

Long Valley Village 29,600 SF Neighborhood Shopping Center

62 East Mill Road, Washington Township, Morris County NJ

Contact: Joel Tomlinson . jtomlinson@silbertrealestate.com

FULLY LEASED

5,000 SF Freestanding Retail Building

1928 Westfield Avenue, Scotch Plains Township, Union County, NJ

Contact: Christian Harrington . charrington@silbertrealestate.com

SOLD

1.19-Acre Re-development Pad Site

3600 North 5th Street, City of Reading, Berks County, PA

Contact: Brian S. Silbert . bsilbert@silbertrealestate.com

SOLD

3,734 SF BUILDING WITH 100’ FRONTAGE ON CINDY LANE

43 Cindy Lane, Ocean Township, Monmouth County NJ

Contact: Christian Harrington . charrington@silbertrealestate.com

FOR INFORMATION ON THESE AND OTHER OUTSTANDING OPPORTUNITIES

908.604.6900 . info@silbertrealestate.com

SILBERT REALTY & MANAGEMENT CO. INC.

WWW.SILBERTREALESTATE.COM