The Bridgewater Shops at 1300 Prince Rodgers Ave. in Bridgewater — Courtesy: NAI James E. Hanson
By Tina Traster
Two retail tenants have combined to lease more than 2,100 square feet at a Bridgewater shopping center, under a set of deals arranged by NAI James E. Hanson.
According to the brokerage firm, the transactions at The Bridgewater Shops include a 1,144-square-foot commitment at 1329 Prince Rodgers Ave. by Gong Cha, while US Rare Coins and Gold has taken 1,000 square feet at 1355 Prince Rodgers Ave.
NAI Hanson’s Randy Horning and Darren Lizzack represented the landlord, Cedar Hill Associates LLC, in both transactions and the tenant in the lease with US Rare Coins and Gold. RE/MAX’s Sue Ip represented Gong Cha.
“There will always be a need for adaptable properties like The Bridgewater Shops within northern New Jersey due to their ability to meet the needs of a variety of tenants within a single property,” Horning said. “The key is to find that variety and to match high-quality properties with high-quality tenants so both parties find value in the transaction. By leveraging our local contacts and marketing abilities, we were able to help secure quality matches and bring these unique businesses to our client’s space.”
In a news release, NAI Hanson said The Bridgewater Shops is a 42,300-square-foot mixed-use property with a blend of medical, office, restaurant and retail space near Routes 22 and 202 and interstates 78 and 287. Its two newest tenants include a provider of quality teas and services with over 1,650 locations in over 20 countries, while US Rare Coins and Gold is relocating from the Bridgewater Commons mall to continue to operate its storefront for buying and selling gold, coins and precious metals.
Tina Traster is a freelance writer and the editor of Rockland County Business Journal. She is also a former business writer for Crain’s New York Business, real estate writer for the New York Post and staffer at the Bergen Record.
