NEW JERSEY—With the signing of three new leases, Crossroads at Somerset’s Retail Phase II is 100 percent occupied. The multi-phase 118,000-sq.-ft., mixed-se shopping center is owned, developed and managed by Crossroads Companies LLC of Mahwah, N.J.
Anchored by a ShopRite supermarket, the center recently added Integrated Health, La Vida massage and Robert Wood Johnson University Hospital to its tenant roster.
Crossroads at Somerset opened in 2007 with a 70,000-sq.-ft. ShopRite supermarket. In 2010, the development of the center’s Phase II was approved and a 4,025-sq.-ft., free-standing Wells Fargo Bank was added.
The balance of Retail Phase II involved 10 retail stores.
The final stage of Crossroads at Somerset’s development involves Retail Phase III, a 25,733-sq.-ft. retail building, suited for either a single user or sub-division. The stores are currently under construction, with completion slated for mid-2013.
“Thanks to a surging population of more than 56,000 households, within a five-mile radius, and 1,400 households with an average income of $98,014, within a one-mile radius, Crossroads at Somerset presents a unique leasing opportunity,” said Al Giglio, owner’s rep of Crossroads Companies.
