Marcus & Millichap Brokers $4.7M Sale of Retail Center in Flemington, New Jersey
Why this matters
Retail has become a quiet outperformer. A decade of effectively zero new development has left necessity-driven, grocery-anchored, and Sun Belt strip product with negligible vacancy and re-leasing spreads in the high single digits. Cap rates have compressed in step, and the bid for stabilized portfolios is again broad across REITs, pension funds, and institutional core-plus capital. The asset class has effectively rerated as a defensive yield trade rather than a secularly challenged sector.
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On the RET wire
- Disclosed retail deal value tracked in October 2026: $5.8B across 37 reported transactions. All Retail coverage →
- 147 stories mentioning Marcus & Millichap on the wire in the past 90 days. Marcus & Millichap coverage →
Computed from Real Estate Trail’s own tracked coverage
FLEMINGTON, N.J. — Marcus & Millichap has brokered the $4.7 million sale of Hunterdon Commons, a 57,935-square-foot retail center in the Northern New Jersey community of Flemington. The center was built on 5.9 acres i…
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