|TOWNE POINTE CENTER, MANALAPAN, NJ|
Commercial property leases in ManalapanOverview
Rich with historical significance, Manalapan, derived from the Lenape Indian Words "manel", translated to "drinking" and "paune", translated to "bread" meant good land to settle upon. Little did the original settlers know true these words would be, for the Battle of Monmouth, taking place on June 28, 1778 would trigger such prosperity and forever solidify this region as an area of significance.
Located in Western Monmouth County, just 15 miles from the shore and 45 minutes from New York City, this abundant population boasting average household incomes in excess of $150,000 is widely recognized as the most prosperous trade area in the region with some of the nation's elite retailers in regional malls, power centers and specialty centers daring a modern-day translation of Manalapan to mean "Shop Here".
In the heart of this trade area is one of Edgewood Properties newest "Community Center" redevelopments. Towne Pointe Center is located on the Southbound side of Route 9 and is only one of 2 centers in Manalapan that has access to Tennent Road, which runs parallel to Route 9. The significance of this entrance is that it allows the community residents to access the plaza without the necessity of traversing Route 9, an unpopular option for convenience-oriented shopping. Additionally, Tennent Road leads directly into the residential community and Towne Pointe even features a walk way that runs into one of the larger residential developments behind the center. The overall property consists of approximately 75,000 square feet and current plans will keep the GLA substantially the same but will focus on a new tenant mix of elite national and regional retailers and restaurants. The project will feature architecture and designer landscaping that will rival the nation's elite lifestyle centers with a trendy setting of umbrella-clad outdoor seating and unparalleled ambiance.
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Leasing Plan (Click to enlarge)