Fennelly Associates negotiated the $1.23 million sale of a 4,839-square-foot retail condo located within Plainsboro Village Center.
Matt Fennelly of Fennelly Associates, Inc. represented the buyer, OM Life Space LLC, and Gregg Medvin of Pierson Commercial Real Estate represented the seller, Sharbell Cranbury in the transaction.
Located at 5 Schalks Crossing Road in Plainsboro, the center has been a downtown hub for the Greater Plainsboro and Princeton area for the last 20 years as an open-air mixed-use town center development consisting of 144,000 square feet of retail, medical and office space.
Ideally situated within walking distance of the Princeton Junction NJ Transit station, the center also boasts convenient access to Routes 1 and 130, and NJ Turnpike Exit 8A, as well as a variety of retail outlets including Panera Bread, McDonald’s, CVS Pharmacy and Five Guys.
Fennelly Associates has served as the exclusive brokerage for the office and medical markets for the property since 2010.
Om Life Living, a unique, in-depth online and in-person studio dedicated to foster and grow the yoga and wellness ecosystem, will operate out of the newly purchased space. With a focus on promoting well-being in all aspects of life, they offer comprehensive wellness classes, programs, and events along with innovative professional solutions designed to facilitate others to live life to its fullest and highest vibration in mind, body, spirit, and communal impact.
Matt Fennelly and the Fennelly Associates team started working with Janice Liou, owner of Om Life Living, back in 2022 scouting multiple locations through the central New Jersey area. Finally, in late 2023 to early 2024 through multiple re-strategizing on locations, he was able to procure an off-market property within the Plainsboro Village Center that fit all of Om Life Living’s real estate and business goals.
“I’ve been looking to open a studio in the Princton area since 2022, scouting countless locations and recalculating business plans throughout the process,” Liou said. “With the help of Matt and the team at Fennelly Associates, I can finally say that I’ve secured the perfect location that checks all the boxes. I am thrilled to bring this studio and the OM Life Living brand to the community.”
Additionally, Fennelly Associates recently negotiated three new leases at Plainsboro Village Center, including a 1,022-square-foot lease with The Best Quality ABA; a 1,455-square-foot lease with KLAUS Multiparking America, Inc. and a 750-square-foot lease with Chereath Capital Management LLC
“Plainsboro Village Center’s strategic location and unique flexibility make it an ideal home for nearly any business,” Matt Fennelly added. “Over the last 14 years, we have been honored to help attract in-demand businesses and organizations to this property and are excited to continue to work closely with them to further drive occupancy.”
The Best Quality ABA is a leading provider of Applied Behavioral Analysis (ABA) care services, a research-based therapy designed to support people with autism spectrum disorder and other developmental disabilities. The company offers personalized care to children with special needs to ensure they can live positive and healthy lives.
With over 50 years of expertise, KLAUS Multiparking America is a parking solutions company offering a range of space-saving, mechanical and automatic parking systems designed to meet the needs of modern cities. Powered by innovative technologies that ensure efficiency and convenience, the company helps cities address parking issues to enhance urban living.
Chereath Capital Management is a tax advisory firm offering comprehensive tax services for individuals and small businesses. Their expertise includes tax planning, estate and trust taxation, bookkeeping, and tax preparation.
