Target will occupy 75,500 square feet at a former Burlington space at Flemington Marketplace at 325 Route 202 in Flemington. — Sample rendering courtesy: Levin Management Corp.
By Joshua Burd
Target is coming to Flemington after signing an anchor lease at a 239,000-square-foot shopping center on Route 202, in a newly announced deal by Levin Management Corp.
According to a news release, the national retailer will occupy 75,500 square feet at Flemington Marketplace as it backfills a former Burlington space. The deal comes as LMC, the leasing and managing agent for the property just off the Flemington Circle, prepares to launch a series of aesthetic enhancements after securing zoning and land use approvals on the landlord’s behalf.
LMC Senior Leasing Representative Vanessa Kelty represented the ownership, an institutional client of New York Life Real Estate Investors, in the deal at 325 Route 202. Jeff Howard of RIPCO Real Estate represented the tenant.
“This significant transaction reflects positive movement among major retail brands within the regional marketplace and underscores our team’s contributions toward maximizing competitive positioning for clients’ properties,” Kelty said. “Tenant mix is a big part of ensuring a shopping center’s long-term success, and adding a quality anchor tenant like Target is a real win both for Flemington Marketplace and the entire community.”
Target joins a lineup at Flemington Marketplace that also includes co-anchors Kohl’s, Michaels and ALDI. Other tenants include Chili’s, Panera Bread, Hallmark, Verizon Wireless, a soon-to-open Poke Café, Cold Stone Creamery and Nail Imagine Nail Spa.
The highly trafficked shopping center draws 1.9 million visitors per year, LMC said, citing real-time traffic data from Placer.ai. The transaction marks the team’s second recent New Jersey lease with Target, following a deal in West Orange in which the retailer committed to 211,500 square feet at the LMC-leased and -managed West Orange Plaza.
LMC: New phase coming for West Orange retail center with Target lease, center-wide upgrades
