Hazlet, NJ — Pierson Commercial, leasing agent of the 203,912 s/f Hazlet Town Center, has announced four new retail leases totaling 44,805 s/f at the newly repositioned regional shopping center. Located on Rte. 35 in Monmouth County’s Hazlet Twp., the center’s newest tenant additions now include Urban Air Adventure Park (39,699 s/f), Bubbakoo’s Burritos (1,825 s/f), CoCo Fresh Tea & Juice (1,250 s/f) and AT&T Wireless (2,031 s/f).
The following individuals also were part of the leasing teams in the noted respective transactions: Stephen Carrozza of Metro Commercial and Matt Kenderian of Jeffery Realty represented Urban Air Adventure Park; Pierson’s Gary Krauss represented Bubbakoo’s Burritos; and Jack Kahn of Jack Kahn Realty Services Corp. represented AT&T Wireless.
“Within a short period of time, Hazlet Town Center has been transformed into a high-profile lifestyle and experiential services destination within the sought-after, in-demand Hazlet/Holmdel/Middletown Rte. 35 retail submarket,” said Gregg Medvin, vice president of Pierson Commercial who is spearheading the firm’s leasing assignment. “Anchored by recent tenant additions of Burlington and Aldi, which book-end Urban Air, the shopping center appeals to a diverse slate of tenants, from national and local service providers to medical, fitness and restaurant providers.”
In addition to the latest leasing activity, Panera’s indoor/outdoor dining with a drive-thru location and Bubbakoo’s Burritos at the center’s northwest corner recently opened. Construction is expected to begin on the pad at the northeast corner for a Wawa convenience store and fueling station shortly.
Situated at the highly trafficked intersection of Rte. 35 and Bethany Rd., Hazlet Town Center is owned by a joint venture between Onyx Equities and Siguler Guff & Co. Since being acquired by the group, it has undergone sweeping renovations that include extensive façade refurbishments and a complete rebranding and repositioning.
Boasting an extremely high-density residential population, Central New Jersey’s Rte. 35 corridor offers excellent market positioning for brick-and-mortar operations. Hazlet Town Center also is at a prime cross street connecting to the high-household-income residential neighborhoods in Hazlet, Holmdel, Colts Neck and Matawan.
According to Medvin, Pierson Commercial is currently engaged in lease-up negotiations for the remaining space availabilities. This includes an additional 2,792 s/f to 4,200 s/f of space available within the contiguous L-shaped shopping center itself.
“Hazlet Town Center is an integral fixture within this highly desirable trade market, where we are committed to enhancing the immediate-area’s lifestyle choices,” said Matthew Flath, vice president of asset management at Onyx Equities. “By repositioning Hazlet Town Center, we are ensuring the shopping center’s longevity as a center of commerce as well as a community gathering place.”