PLAINSBORO – Fennelly Associates, a full-service commercial real estate service provider, has negotiated the $1.23 million sale of a 4,839-square-foot retail condo at 5 Schalks Crossing Road in Plainsboro Village Center.
Matt Fennelly of Fennelly Associates represented the buyer, OM Life Space, and Gregg Medvin of Pierson Commercial Real Estate represented the seller, Sharbell Cranbury, in the transaction.
Om Life Living, an online and in-person studio dedicated to foster and grow the yoga and wellness ecosystem, will operate out of the newly purchased space. With a focus on promoting well-being in all aspects of life, they offer comprehensive wellness classes, programs, and events along with professional solutions designed to facilitate others to live life to its fullest and highest vibration in mind, body, spirit, and communal impact. Om Life Living provides a range of services and products aimed at improving quality of life and fostering a sense of community and connection.
Fennelly Associates also recently negotiated three new leases at Plainsboro Village Center, including a 1,022-square-foot lease with The Best Quality ABA; a 1,455-square-foot lease with KLAUS Multiparking America, and a 750-square-foot lease with Chereath Capital Management.
“Plainsboro Village Center’s strategic location and unique flexibility make it an ideal home for nearly any business,” said Fennelly in a news release. “Over the last 14 years, we have been honored to help attract in-demand businesses and organizations to this property and are excited to continue to work closely with them to further drive occupancy.”
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Plainsboro Village Center has been a downtown hub for the Greater Plainsboro and Princeton area for the last 20 years as an open-air mixed-use town center development consisting of 144,000 square feet of retail, medical and office space in downtown Plainsboro.
The Best Quality ABA is a provider of Applied Behavioral Analysis (ABA) care services, a research-based therapy designed to support people with Autism Spectrum Disorder and other developmental disabilities. The company offers personalized care to children with special needs to ensure they can live positive and healthy lives.
With more than 50 years of expertise, KLAUS Multiparking America is a parking solutions company offering a range of space-saving, mechanical and automatic parking systems designed to meet the needs of modern cities. Powered by innovative technologies that ensure efficiency and convenience, the company helps cities address parking issues to enhance urban living.
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Chereath Capital Management is a tax advisory firm offering comprehensive tax services for individuals and small businesses. Their specialties include tax planning, estate and trust taxation, bookkeeping, and tax preparation.
Brad Wadlow is a staff writer for MyCentralJersey.com
This article originally appeared on MyCentralJersey.com: Plainsboro, Princeton downtown hub welcoming new tenant after $1.23M sale
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