Three Lease Transactions Bring Middle Brook Center to 100-Percent Occupancy
Doctors Express Signs New Lease, While Burger King and Quest Diagnostics Renew Current Leases
Advance Realty, a leading Northeast U.S. owner and developer of Class A office, mixed-use and flex-space properties, today announced three lease transactions at Middle Brook Center, a 104,000-square-foot, ShopRite Supermarket-anchored shopping center in Bound Brook, N.J. Middle Brook Center is now 100 percent leased as a result of the three leases, which total 8,600 square feet.
Doctors Express, a national chain of urgent-care centers, signed a new lease for 2,745 square feet. CBRE Vice President Marta Person Villa, the exclusive leasing agent, represented Advance Realty in the transaction, and Robert K. Futterman & Associates (RKF) Managing Director Glenn Beyer represented the tenant.
Slated to open in the fourth quarter of 2012, Doctors Express is expected to be open seven days a week, from 7 a.m. to 7 p.m. The chain has additional locations in Paramus, Hamilton and Florham Park.
“With the market lacking anything similar, I expect Doctors Express to do tremendously well at this location,” Advance Realty Managing Director Brian Banaszynski said. “Also contributing to the tenant’s success will be the strong population density of the trade area, which includes a high daytime population, as well as the center’s great signage and visibility in the heart of the market, which provides a good road network.“
In addition, Burger King renewed its lease for 3,200 square feet of space at Middle Brook Center, while Quest Diagnostics signed a 2,697-square-foot renewal.
Located at 601 Union Avenue at the intersection of Tea Street and State Highway 28 and just east of Route 287, Middle Brook Center has a tenant roster that also includes Wine Country and Frank’s Trattoria.
About Advance Realty
Advance Realty, headquartered in Bedminster, New Jersey, is a privately held real estate development, investment and management company. Since its inception in 1979, Advance Realty has acquired or developed more than seven million square feet of commercial, residential, mixed-use and industrial projects. Advance continues to be one of the most active and respected commercial real estate companies in the New Jersey and Washington, D.C. markets.
Advance Realty is well positioned for smart growth in its core markets. The company’s strong capital base, outstanding talent and flexibility as a privately held, fully integrated real estate company ensure continued success at the forefront of the commercial real estate industry.
