New Jersey center breaks ground on new retail component
Advance Realty Investors is adding more retail space to Bedminster Village Square, a mixed-use center on the busy Route 206 in northern New Jersey that houses the global headquarters of Freshpet.
New retail tenants will occupy 19,240 square feet of space at the development with buildouts averaging 5,770 square feet at two of the four buildings in the development and 3,850 square feet at the others.
“Bedminster Village Square is uniquely positioned to draw on the strengths of its location, established employment base and surrounding community,” said Alex Cocoziello, Advance Realty’s chief investment officer. “A carefully selected mix of retail, dining and services will create a walkable mixed-use environment that serves the people who work here as well as the broader Bedminster community.”
Pierson Commercial is currently in discussions with a mix of local and national operators, including breakfast, brunch and mid-day food concepts. Pierson’s leasing strategy is focused on creating a complementary tenant mix of food and beverage, medical and physical therapy, boutique fitness, wellness and everyday service uses.
Advance noted that the project is positioned to serve a substantial daytime population at an intersection with more than 350,000 square feet of office space and more than 1,000 employees.
AT&T’s regional campus is directly across Route 206 from Bedminster Village, while Advance Realty’s four office buildings add 121,857 square feet. Bedminster Public School, the township library and municipal buildings are nearby, and the Far Hills train station is approximately 1.5 miles north.
“Bedminster Village Square presents a unique opportunity to create a true retail destination within an established business and civic center,” said Pierson director Robert Mackowski. “Early interest from both local and national operators reflects the strength of the location and the demand for new retail in this market.”