The Goldstein Group Announces the Sale of Over 30 Acres of Land on Route 9 in Old Bridge New Jersey

The Goldstein Group Announces the Sale of Over 30 Acres of Land on Route 9 in Old Bridge New Jersey

PARAMUS, NJ. (2022) –The Goldstein Group, a leading provider of retail real estate services announced the sale of over 30 acres of land on Rt 9 in Old Bridge, NJ, to Regency Centers for a new retail shopping center consisting of over 355,000 square feet.  The seller was the Brunetti Organization, owners of the property for decades.  The sales transaction was brokered by Chuck Lanyard, President, along with Neil Goldstein, Principal and Mark Handwerker, Executive Vice President of The Goldstein Group who represented both the seller and buyer.

Regency Centers recently received approvals for a new state of the art shopping center to be called Glenwood Greens.

Ideally situated on New Jersey’s Route 9 in Old Bridge, at Shulmeister Road, the center will be anchored by an 80,000 square foot ShopRite Supermarket and a Target store. In addition, the center will offer a varied tenant mix of local and national shops, restaurants, fitness venues, and a combination gas station and convenience store. There will also be five different out parcel buildings to accommodate the demand for small to medium sized tenants. The site is adjacent to more than 1,200 new residences presently under construction.

First class architecture, placemaking amenities, and a pedestrian-friendly design are all part of the new planned development.

Regency Centers Corporation is a real estate investment trust based in Jacksonville, Florida and is one of the largest operators of shopping centers with grocery stores as anchor tenants. The company owns 415 properties comprising 56 million square feet of space in over 25 states nationwide.

“It was a real pleasure being instrumental in bringing such a well-respected and successful developer, Regency Centers, to this long-awaited project site,” noted Lanyard. “Regency’s approved development plans are just what the Old Bridge market area has had a big demand for, meeting not just the needs of Old Bridge, but the surrounding communities as well. The most exciting part is this location will be an all-retail market trade area, situated between the existing major retail markets of Freehold and Woodbridge”.

About The Goldstein Group
The Goldstein Group, New Jersey’s leading full-service commercial real estate brokerage firm, specializes in owner representation, retailer representation, investment sales and management services. The firm, founded in 1986, represents over 12,000,000 square feet of retail space and numerous national and regional retailers and restaurants. The Company is the New Jersey member of the Retail Brokers Network. As an RBN affiliate, The Goldstein Group provides clients assistance throughout the United States with qualified retail specialists in over 65 offices in the United States and Canada.

For more information on the Retail Brokers Network, visit www.retailbrokersnetwork.com.

For more information, contact Chuck Lanyard at (201) 703-9700, extension 115 or visit the Company’s website at www.thegoldsteingroup.com.