New Shopping Center Approved In Clark

CLARK, NJ — A 14,000 square-foot shopping center is coming to Clark following the Planning Board's unanimous approval, Denholtz Associates announced.

The center will be located at the 21-acre mixed use site on Terminal Avenue in Clark, which stretches from Central Avenue to Westfield Avenue.

It is part of the planned redevelopment of the property and will include a New York Community Bank and a free-standing Dunkin Donuts featuring a drive thru.

The center consists of 10 commercial buildings totaling 283,201 square feet and one unimproved parcel that Denholtz is evaluating for future development, according to Denholtz Associates.

Terminal Avenue was rezoned as part of the plan to allow commercial and retail use. With this change tenants including L’Oreal will lease more than 190,000 square feet of the portfolio and house its North American research and development facility on the property.

Other major tenants include The Lawbook Exchange, KinderCare Learning Centers, LLC, Retro Fitness, and PromptCare.

“Today marks an important day in the redevelopment of Terminal Avenue and we are grateful for the support and shared vision that the Township of Clark has for the site,” said Russ Azzarello, Vice President at Denholtz Associates. “By working with the town we are confident that this first phase of redevelopment will provide residents with more conveniences and options ultimately enhancing the community in which they live. Strong civic partnerships are immensely important in redevelopment projects like this and we look forward to working with the town and its continued support.”

Denholtz Associates acquired the property in October 2015 in a joint venture with MB1 Capital Partners, a privately held owner and operator of commercial real estate investments that is based in Belmar.

(Image via Shutterstock)

Have a news tip? Email alexis.tarrazi@patch.com.

Get Patch breaking news alerts sent right to your phone with our new app. Download here.