Monday, August 24, 2015

Dollar Tree Leases Four NJ Locations

by Steve Lubetkin,
Dollar Tree has signed four new leases in New Jersey.

In Orange, the chain signed for an 11,000-square-foot space in a center at 557 Main St. Dollar Tree will occupy an end-cap space that formerly housed Karl's Appliances, which relocated elsewhere in the center. In East Orange, Dollar Tree signed a lease for a 12,682-square-foot space that previously housed a hardware store, at 352 Central Ave.  In Wayne, Dollar Tree leased a 9,400-square-foot end-cap unit in a 29,000-square-foot center at 172 Mountain Blvd., directly across from New Jersey Transit's Mountain View –Wayne train station.  The store in Wayne is projected to open in January 2016, followed by East Orange in March and Orange in July.

Dollar Tree's latest southern New Jersey location will be in Bridgeton, where the company's preferred developer, Elcan & Associates, acquired a 9,040-square-foot freestanding building at 399 East Broad St. that was formerly occupied by another dollar store. The Bridgeton store is projected to debut this September.

In a deal that will bring Dollar Tree to a 13,500-square-foot freestanding building at 1118 Edgemont Ave. in Chester, PA was also signed.  The space was previously occupied by a sneaker store. An October 2015 opening is projected.

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