According to the North Plainfield-based brokerage firm, the deal came together quickly. Within 24 hours of Levin's initial overture to the Goodlettsville, TN-based Dollar General, the company's broker--Tim Keeley of Julius Feinblum Realty--expressed interest in seeing the property. Less than 48 hours after visiting the site, Dollar General made an offer. One week later, a contract was written and the deal closed in one month.Built in 1947, the building originally housed an IGA supermarket and also operated as a Food Town before Drug Fair took over.

"We expect to see more of this aggressively expanding retailer in the Garden State," says Matthew K. Harding, president and CEO of Levin, in a statement. "With market conditions being what they are today, there are big opportunities for growth here, especially in the discount sector."

Dollar General has 8,400-plus stores in 35 states and it now has two locations in Northern New Jersey, with 20 in the southern portion of the state. In July, Dollar General signed a 15,600-square-foot lease in Saddle Brook. Drug Fair, a 55-year old retail chain, declared bankruptcy in March after announcing it would sell most of its stores to Walgreens Co.