NAI James E. Hanson on Wednesday said it negotiated a lease for 1,144 square feet of retail space with Gong Cha and a lease for 1,000 square feet of retail space with U.S. Rare Coins and Gold in Bridgewater at the Bridgewater Shops.
NAI James E. Hanson’s Randy Horning and Darren Lizzack represented the landlord, Cedar Hill Associates LLC, in both transactions and the tenant, U.S. Rare Coins and Gold, in its transaction. RE/MAX’s Sue Ip represented Gong Cha in its transaction.
Located at 1300 Prince Rodgers Ave., the shopping center is a 42,300-square-foot mixed-use property with a diverse blend of medical, office, restaurant and traditional retail space. The center offers ample parking and close proximity to Routes 22 and 202 and Interstates 78 and 287, and it provides its tenants great exposure to the over 40,000 residents of Bridgewater Township and 330,000-plus residents of Somerset County.
Cedar Hills Associates tapped NAI James E. Hanson with the hope of capitalizing on the property’s strategic location and flexibility to attract additional high-quality tenants and further enhance the service offerings at the property. Founded in 2006 in Kaohsiung, Taiwan, Gong Cha is a provider of quality teas and services with over 1,650 locations in over 20 countries that will utilize the space as its newest location. U.S. Rare Coins and Gold will be relocating from the Bridgewater Commons mall to the Bridgewater Shops to continue to operate its storefront for buying and selling gold, coins and precious metals.
“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 stated. “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.”