Marcus & Millichap on Friday announced the successful sale of Hunterdon Commons, a prominent retail center located in the heart of west-central New Jersey. The property, situated at 176 U.S. Route 202, commanded a sale price of $4.7 million.
The transaction highlights the ongoing demand for well-positioned retail assets in the region.
Hunterdon Commons is a 57,935-square-foot facility situated on a 5.09-acre lot. Originally constructed in 1989 and strategically renovated in 2017, the center boasts strong operational health, maintaining a 97% occupancy rate at the time of the sale. The property currently hosts 13 tenants, featuring a diverse mix of service-oriented, fitness, and experiential businesses.
“Retail fundamentals remain strong for properties that offer a balanced tenant mix and a proven operating history,” Brent Hyldahl, managing director investments in Marcus & Millichap’s New Jersey office, said. “Hunterdon Commons presented an opportunity that appealed to a broad range of investors, allowing us to generate a competitive sales process and deliver a successful outcome for our client.”
The property’s value is bolstered by its prime location along U.S. Route 202—a major thoroughfare that sees over 46,000 vehicles daily. Its proximity to the Flemington Circle, which serves as the convergence point for Routes 31 and 202, places it firmly within Hunterdon County’s primary retail corridor. Additionally, its position near Hunterdon Central High School and other major shopping centers ensures consistent foot traffic.
Transaction details
- Seller: JDS Family Investments LLC
- Marketing Team: Brent Hyldahl and Alan Cafiero exclusively represented the seller.
- Buyer Procurement: Seth Goldberg, Brent Hyldahl, and Alan Cafiero collaborated to secure the buyer.
This latest transaction reflects Marcus & Millichap’s continued influence in the commercial real estate market. In 2025 alone, the firm closed 8,818 transactions nationwide, representing a total sales volume of $50.8 billion.
