MORRISTOWN, N.J., Jan. 15, 2026 –  JLL Capital Markets announced today that it has facilitated the leasehold sale of The Shoppes at North Brunswick, a high-performing  lifestyle shopping center located in North Brunswick Township, New Jersey.

JLL represented the seller, Shoppes at North Brunswick, L.L.C., an affiliate of The Azarian Group, L.L.C. The buyer was a local private investor.

The Shoppes at North Brunswick is strategically positioned at 650 Shoppes Blvd. along NJ Route 1 at the intersection with NJ Route 130, which combined see approximately 100,000 vehicles per day. This prime location offers excellent visibility and accessibility to major transportation arteries including the NJ Turnpike/I-95 and Garden State Parkway. The property is located less than five minutes from the Rutgers-New Brunswick campus and is surrounded by established retail centers including North Brunswick Plaza anchored by Walmart, Burlington and Macy's.

The nearly 147,000-square-foot shopping center was built in 2007 and spans 15.8 acres with 42 retail stores and five small office tenants across three buildings. The property is 86.7% occupied including national tenants such as Starbucks, Chipotle, Bath & Body Works, Men's Wearhouse, Crumbl Cookies, Banana Republic, Big Blue Swim School and Orange Theory Fitness. The center provides ample parking and offers significant value-add potential with nearly 20,000 square feet of vacant space available for lease-up.

JLL Capital Market’s Investment Sales and Advisory team was led by Senior Managing Directors Jose Cruz and Kevin O’Hearn and Senior Director J.B. Bruno.

"The Shoppes at North Brunswick represented an exceptional opportunity to acquire a premium retail asset with significant income diversity in an affluent and high-traffic location," said Cruz. "The property's strong tenant mix, robust demographics and multiple avenues for value creation made it an attractive investment."

"We are pleased to have facilitated this transaction in such a dynamic retail market," added O’Hearn. "With 97% average occupancy and strong rent growth in the North Brunswick area, this property offers excellent potential for the new owner to make further upgrades and attract trending tenancy."

JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The group’s in-depth local market and global investor knowledge delivers the best-in-class solutions for clients, including investment sales and advisory, debt advisory, M&A and corporate finance, loan sales, equity & fund placement, net lease, derivative advisory and energy & infrastructure advisory. JLL Capital Markets has more than 3,000 specialists worldwide with offices in nearly 50 countries.

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For over 200 years, JLL (NYSE: JLL), a leading global commercial real estate and investment management company, has helped clients buy, build, occupy, manage and invest in a variety of commercial, industrial, hotel, residential and retail properties. A Fortune 500 company with annual revenue of $23.4 billion and operations in over 80 countries around the world, our more than 113,000 employees bring the power of a global platform combined with local expertise. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAY^SM. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.