Search
 

Dollar General Rings Up 15,600 SF Lease

SADDLE BROOK, NJ-Dollar General has signed a 15,600-square-foot lease here, taking over space that was originally leased by now bankrupt Drug Fair.

By Maria Wood | Updated on July 20, 2009

SADDLE BROOK, NJ-Dollar General has signed a 15,600-square-foot lease here, taking over space originally slated to be occupied by now bankrupt Drug Fair. Weiss Realty Co. represented the landlord, Paljer Co. LLC, in the 10-year commitment.

Jaime W. Weiss, president of Moonachie-based Weiss Realty, tells GlobeSt.com that Drug Fair had leased the same spot, but never moved in due to its March bankruptcy filing. That freed up the space for Dollar General, which was looking for a location in Northern New Jersey. According to the Dollar General website, the Nashville-based chain has 22 stores in New Jersey.

The 24,000-square-foot property, located at 419 Market St., was formerly an A&P supermarket. Advance Auto Parts leases 7,000 square feet in the same building.Weiss says the rental rate is more than Dollar General typically pays for its leased properties. Without divulging specifics, he says the rate is less than the $19 per square foot Drug Fair had originally signed for in its deal.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.