3357 Brunswick Pike in Lawrenceville — Courtesy: JLL
By Joshua Burd
Crate & Barrel Outlet has secured a new space in Lawrenceville after agreeing to lease more than 23,000 square feet from Federal Realty Investment Trust, brokers with JLL announced.
According to a news release, the global home furnishings retailer has made a new five-year commitment at 3357 Brunswick Pike at the recently rebranded outdoor shopping center known as Mercer on One. The store will be one of 15 outlets that Crate & Barrel operates in North America and among more than 100 stores and franchise partner locations in nine countries, JLL said, noting that the retailer has converted a temporary short-term lease within the mall into the new five-year, 23,400-square-foot deal.
“Crate & Barrel Outlets are strategically located in high-traffic, upscale centers to meet our customers where they shop,” said Marci Carl, a senior director of real estate with Crate & Barrel. “Mercer on One is ideally positioned to support our commitment to bringing value, purpose and quality to the shopping experience.”
JLL Vice President Alana Friedman and Managing Director David Townes brokered the lease on behalf of Crate & Barrel Outlets. Jeff Fischer, vice president for regional leasing with Federal Realty Investment Trust, represented ownership, which will build out the space.
Originally built in 1975, Mercer on One is a 551,000-square-foot destination shopping center featuring more than 2,300 parking spaces, more than 50 stores and restaurants and a Tesla sales and service center. JLL noted that the real estate investment trust’s recent upgrades included new signage and façade modifications, capitalizing on a location four miles south of Princeton and 25 miles north of Philadelphia.
