Location: Livingston, NJ
Major Tenants: Buy Buy Baby, Cost Plus World Market, Nordstrom Rack,TJ Maxx, DSW, Ulta
In 1995, G&S Investors purchased 19.5 acres consisting of a closed Amerace industrial facility and two adjacent parcels of land with the idea of redeveloping the site into a retail center. Development in New Jersey can be a costly and time consuming process; one riddled with numerous political, community and planning obstacles, however, G&S Investors believed that the location of the site was unsurpassed given that it is located at the Route 10 / Eisenhower Parkway intersection, Northern New Jersey’s most desirable retail intersection, and has significant street frontage on Route 10, Northern New Jersey’s most prominent retail corridor.
In the redevelopment of the site, G&S Investors was able to allay community concerns of “big box” 100,000sf+ wholesale retail clubs through a concept of four, smaller retail tenants and contend with planning concerns over excessive existing traffic congestion at the intersection by the construction of a “jug handle” (a new roadway interchange) that was not in either the state or local budget. At the completion of the redevelopment, the Property was now the Livingston Shopping Center shopping center that consisted of four tenants, Circuit City, Linens N’ Things, Old Navy and Border’s. In 2014, G&S redeveloped the shopping center and re-tenant the space with Buy Buy Baby, Cost Plus World Market, Nordstrom Rack, DSW, TJ Maxx and Ulta. The property was successfully sold in 2015.