Bernardsville, NJ – Brian S. Silbert, President and CEO of Silbert Realty and Management Company, proudly announces the successful repositioning and full lease-up of Bernardsville Centre, an 89,000-square-foot shopping center located in the heart of Somerset County.
This milestone achievement was highlighted by the strategic repositioning of the former longtime King’s Supermarket anchor. Silbert spearheaded an innovative redevelopment plan, dividing the expansive footprint to meet evolving market demands while addressing inherent constraints. The transformation was completed with the addition of a new 17,000-square-foot anchor, Ace Hardware, considered the premier home improvement retailer. Ace Hardware places an emphasis on a neighborhood-focused approach and was established in 1970 by the Costello family of Long Island. The new retail store will serve Bernardsville and the surrounding municipalities.
Additionally, Wells Fargo Bank will occupy a newly demised 3,200-square-foot space, with its consumer bank branch set to open in February 2025. The remaining space will welcome a high-end butcher shop, bringing a unique gourmet offering to the Bernardsville area. These new additions complete the roster of exceptional tenants.
“We are thrilled to see Bernardsville Centre 100% leased and thriving,” said Silbert. “Our ability to adapt the 21,000-square-foot former supermarket anchor space for synergistic multiple users reflects our shopping center expertise and commitment to repositioning this asset for long-term ownership with vibrant, community-focused retail destinations.”
Bernardsville Centre is a key asset within Silbert Realty’s extensive portfolio, blending essential services and specialty retailers. The center’s revitalization showcases the company’s expertise in creating contemporary tenant mixes that enhance local communities and businesses by generating consumer traffic.
The addition of Ace Hardware, Wells Fargo, and the butcher shop not only enriches the shopping experience within Bernardsville Centre but also solidifies the center as a hub for daily essentials and premium services. This achievement further exemplifies Silbert Realty’s innovative approach to commercial real estate and its ongoing commitment to delivering value for tenants, the community, and landlords.
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