The Most Significant Unique Retail Sale of 2020
Cushman & Wakefield, Del’s Village Shopping Center, Boonton, NJ
Size: 51,794 s/f
Brokers: Andrew Merin, David Bernhaut, Gary Gabriel, Brian Whitmer, Kyle Schmidt, Seth Pollack
The sale marked the closing of a shopping center in May 2020, following the onset of COVID-19. Dels Village had a history of being well occupied and at sale was 97 percent leased with a weighted average remaining lease term of nearly eight years. Kings, which has anchored the center since 1999, signaled their success at this location by choosing to renovate and expand their footprint in 2015. Situated on a 4.4-acre parcel, the center is one mile from I-287 and Route 202.