By Joshua Burd
Discount supermarket chain Lidl has acquired a four-acre site in Eatontown that is slated to become home to one of its newest locations, according to brokers involved in the deal.
In a news release, The Goldstein Group said it represented 136 Eaton Associates Partnership in its sale of 136 Route 35. Lidl, which is based in Germany, is planning a 36,000-square-foot store at the property and is in contract and seeking approvals for other sites throughout the state.
Goldstein Group Vice President Mark Handwerker handled the assignment for the Paramus-based retail brokerage. He said the site matches Lidl’s requirements and is located at a signalized intersection, with other nearby retailers including Macy’s, Toys R Us, T.J.Maxx and others.
The site is also among more than 600 that Lidl is aiming to open in the U.S. The company has more than 10,000 locations across 27 countries and operates on a “zero-waste” policy, allowing customers to take advantage of greater savings on their products.