Construction continues at The Nell at Dunellen Station, a mixed-use project at 100 South Washington Ave. in Dunellen, where plans call for 252 luxury apartments, 130 for-sale townhouses and 9,300 square feet of retail space. — Courtesy: Prism Capital Partners
By Joshua Burd
Prism Capital Partners has secured its first two retail tenants at a new mixed-use development in the Middlesex County borough of Dunellen.
According to the firm, Blue Foundry Bank and Kessler Institute for Rehabilitation are leasing a combined 5,595 square feet at what’s known as The Nell at Dunellen Station. They will occupy part of the 9,300-square-foot, standalone retail segment of the property at 100 South Washington Ave. — directly across from NJ Transit’s Dunellen train station — where plans also call for 252 luxury apartments and 130 for-sale townhouses developed by K. Hovnanian Homes.
Jeffery Realty’s Steve Battista represented ownership in the retail transactions.
“We are proud to partner with two well-respected brands to provide essential services to the residents of The Nell and the town of Dunellen,” said Robert Fourniadis, Prism’s senior vice president for residential. “This multifamily-and-retail development has been carefully planned to be a valuable contributor to the community, and bringing in quality commercial tenants is integral to achieving this goal.”
In a news release, Prism said Blue Foundry’s new 2,725-square-foot Dunellen branch will offer personal and business banking, including drive-through service. Kessler Institute, meantime, has leased 2,870 square feet for a physical therapy practice.
The deals come as Prism prepares to open an on-site residential leasing office for its collection of one- and two-bedroom rentals, which are under construction. The development is revitalizing the former home of the Art Color industrial complex, which will be reflected in a design by Spiezle Architectural Group, with amenities that will include a clubhouse, meeting rooms, a fitness center and an outdoor pool with a patio and entertainment area.
Prism and Jeffery are now marketing about 3,700 square feet of remaining retail space at the site.
“An independent coffeehouse, restaurant or local convenience store catering to commuters and residents looking for grab-and-go options would be a welcome addition to the neighborhood,” Fourniadis said.
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