The Nell at Dunellen Station, the free-standing retail component of the under-construction transit-oriented development in its namesake Middlesex County municipality, secured its first two tenants.
Prism Capital Partners announced Blue Foundry Bank and Kessler Institute for Rehabilitation signed for a combined 5,595 square feet at the mixed-use complex coming to the site of the former Art Color industrial facility.
Jeffery Realty Vice President Steve Battista, exclusive retail leasing agent for The Nell, brokered the transactions at the approximately 9,300-square-foot retail component.
Rutherford-based Blue Foundry Bank’s 2,725-square-foot Dunellen branch will offer personal and business banking, including drive-through service.
Kessler Institute leased 2,870 square feet for a physical therapy practice. The provider is the highest-ranked rehabilitation hospital in the New Jersey-New York metropolitan area.
“We are proud to partner with two well-respected brands to provide essential services to the residents of The Nell and the town of Dunellen,” said Robert Fourniadis, Prism’s senior vice president, Residential, in a statement.
According to Fourniadis, the building’s remaining, divisible 3,700 square feet of space is ideal for retail use.
“This multifamily-and-retail development has been carefully planned to be a valuable contributor to the community, and bringing in quality commercial tenants is integral to achieving this goal,” he added
The Nell is situated directly across from the Dunellen train station. The property is set to feature 252 one- and two-bedroom residences with Prism’s on-site residential leasing office opening soon. Designed by Hamilton-based Spiezle Architectural Group, Prism said a transit theme is incorporated throughout.
In addition, Dunellen Station will feature 130 townhouses for sale, developed by K. Hovnanian Cos.