Target and BJ’s near deal to open stores in Stafford (NJ)
New retail development here in New Jersey.
From the Asbury Park Press:
The firm developing the Stafford Business Park is close to completing a deal that would bring a Target store to the site, according to a firm partner.
Joe Del Duca of the Barnegat-based Walters Group said his company is in the “latter stages” of negotiations with the retail chain. The business park, which recently received a greenlight from the state Pinelands Commission, is located off Route 72 just west of the Garden State Parkway.
Another firm, Scarborough Properties, had been planning to bring a Target to a location further east in Stafford along Route 72. However, Chris Scarborough, a firm principal, said Thursday that his company now plans to bring a BJ’s Wholesale Club to that site, which lies between Doc Cramer and Martin Truex Jr. boulevards.
Scarborough said the BJ’s deal is “98 percent done.”
This is an area of crazy retail development over the past few years, on top of crazy housing development. Wal-Mart and Kohl’s each have new-er stores along this same stretch of road, that sees a large seasonal (Summer) shift in population. A Target going in this area will undoubtedly do very well.
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