Press Releases
Marcus & Millichap Completes $11.35M Sale of Two-Building Retail Center in Lawrenceville, N.J.
October 08, 2025
LAWRENCEVILLE, N.J., Oct. 8, 2025 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of Village Square Plaza, a two-building, 53,077-square-foot retail center at 510–590 Lawrence Square Boulevard in Lawrenceville, New Jersey. The property sold for $11,350,000.
“These types of neighborhood centers with mostly service, food and medical uses are exactly what most investors are looking for these days,” said Alan Cafiero, senior managing director investments in Marcus & Millichap’s New Jersey office. “No big-box space limits exposure for buyers and spreads the risk over many tenants—15 in this case. The center was 97% occupied at the time of sale.”
Cafiero and Brent Hyldahl represented the seller in the transaction.
Built in 1990, Village Square Plaza is anchored by First Bank and includes tenants such as Kumon, Eastern Dental and Princeton Brain & Spine. The property sits on a 7.67-acre lot with 250 parking spaces and visibility to more than 30,000 vehicles per day on Quakerbridge Road.
It is adjacent to the 820-unit Lawrence Square Village residential development and minutes from Route 1, Costco and Quaker Bridge Mall.
“These types of neighborhood centers with mostly service, food and medical uses are exactly what most investors are looking for these days,” said Alan Cafiero, senior managing director investments in Marcus & Millichap’s New Jersey office. “No big-box space limits exposure for buyers and spreads the risk over many tenants—15 in this case. The center was 97% occupied at the time of sale.”
Cafiero and Brent Hyldahl represented the seller in the transaction.
Built in 1990, Village Square Plaza is anchored by First Bank and includes tenants such as Kumon, Eastern Dental and Princeton Brain & Spine. The property sits on a 7.67-acre lot with 250 parking spaces and visibility to more than 30,000 vehicles per day on Quakerbridge Road.
It is adjacent to the 820-unit Lawrence Square Village residential development and minutes from Route 1, Costco and Quaker Bridge Mall.
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About Marcus & Millichap, Inc. (NYSE: MMI)
Marcus & Millichap, Inc. is a leading brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services with offices throughout the United States and Canada. As of December 31, 2024, the company had 1,712 investment sales and financing professionals in over 80 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate. The company also offers market research, consulting and advisory services to clients. Marcus & Millichap closed 7,836 transactions in 2024, with a sales volume of approximately $49.6 billion. For additional information, please visit www.MarcusMillichap.com.
