Union Lake Crossing, Millville, NJ

Acquired by Irgang Group in November 2021, Union Lake Crossing is a 393,000-square-foot power center serving the greater Millville-Vineland market in southern New Jersey.

The 43.39-acre site is shadow-anchored by Target, and houses a mix co-anchored by an  expanded and remodeled Shop-Rite supermarket and Kohl’s/Sephora. Sub-anchors include  Fun City Adventure Park, Ross Dress For Less, Old Navy (opening Fall 2024), Staples, PetSmart, and Boot Barn. Other notable tenants include Famous Footwear, Party City, an expanded and remodeled Five Below, Buffalo Wild Wings, Moe’s Southwest Grill, Sonic, AAA, Charkes Schwab, Five Guys, Skechers, Inspira Health, Rally House, Bath & Body Works and Jersey Mike’s (the latter four expected to debut in the second half of 2024). Over 95% of the property’s occupied space is held by national tenants.

Since the time of its acquisition, Irgang Group executed leases on more than 115,000 square feet of space, backfilling major vacancies arising from the departure of Dick’s, bankruptcies of Pier 1 and Dressbarn, and closings of several smaller tenants. With that, the ratio of space leased vaulted from approximately 72% in November 2021 to 99.4% by August 2024.

 

Located in the heart of Cumberland County’s regional shopping hub, the property is situated at the signalized intersection of North 2nd Street (State Highway 47) and Union Lake Boulevard, with easy access to State Highway 55, a major north-south freeway in southern New Jersey.  As the county’s main retail corridor, Highway 47 delivers an average daily traffic count of 31,816 vehicles. A 2017 Master Redevelopment Plan established the Highway 47 corridor as the nexus of all future economic development in the greater Cumberland County market. Meanwhile, Highway 55, located about 1,000 feet from the site, has a daily traffic county of 38,816.

Union Lake Crossing ranks as the most-visited open-air retail center within a 15-mile radius, drawing 5.1 million shoppers over a recent 12-month period—up 21%  from 4.2 million at the time Irgang Group acquired the property.

The center, which originally opened in 2006, draws from a primary market that includes 128,621 people within a 10-mile radius. Average household income in the area is  $77,568.  But with its 73,740-square-foot ShopRite ranked as the second most visited grocer within a 30-mile radius—drawing 1.6 million visitors over the past 12 months—Union Lake Crossings’ patrons travel from well beyond the primary market, expanding to 302,860 people with an average household income of $87,409 within a 20-mile radius.

Click here for leasing information, including the most recent site plan.


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