By Joshua Burd
A specialty Italian food market has signed a lease to anchor a Morris County shopping center, the latest new tenant amid efforts to reposition the 75,000-square-foot complex.
Commercial real estate firm HUDSON announced Monday that Corrado’s Market has taken 12,000 square feet at Denville Commons, which sits at 3130 Route 10 West in Denville. The grocer joins six other family-focused retailers at the newly revitalized center, the brokerage firm said, following a series of façade improvements by ownership.
HUDSON Managing Principal Jason Gerbsman represented both parties in the deal, hailing it as the culmination of a three-year turnaround for Denville Commons.
“Corrado’s Market is north New Jersey’s premier specialty Italian market,” Gerbsman said. “I am thrilled to bring them to Denville Commons as it solidifies a value-add turnaround story of what is now a relevant, best-in-class neighborhood strip center.”
Corrado’s, a third-generation specialty grocery chain, has been operating in New Jersey for more than 75 years and has four additional stores throughout the state, along with hardware stores and pet markets, HUDSON said in a news release. In Denville, it now operates alongside Goldfish Swim School, Kidville, Bach 2 Rock, Code Ninja, Hand & Stone and Orange Theory Fitness.
Gerbsman noted that Denville Commons was distressed and almost completely vacant when it took over as the center’s leasing agent on behalf of the landlord, Denville Commons Associates. Once the renovations were completed, the HUDSON team saw a need for children’s activity and educationally driven retail and service concepts.
“With a kids-themed, service-oriented roster of tenants now anchored by Corrado’s Market, we have created an ‘Amazon-proof’ shopping center,” Gerbsman said. “Virtually nothing offered at Denville Center can be done online.”
