Ace Hardware. – courtesy RIPCO Real Estate
RIPCO Real Estate, a leading commercial real estate brokerage firm, announced that Costello’s Ace Hardware has signed a lease for a 23,000-square-foot retail space at Cedar Knolls Plaza, which makes it the largest Costello’s Ace Hardware location in New Jersey.
It is located at 235 Ridgedale Avenue in Cedar Knolls.
RIPCO’s Curtis Nassau, executive vice president, and Patrick Brake, managing director, represented the landlord in the transaction, while David DePetris of Legend Properties represented the tenant.
“This transaction underscores the continued demand for well-positioned retail in Morris County and the importance of aligning strong tenancy with community needs,” said Nassau.
Costello’s Ace Hardware continues its strategic expansion across the Northeast, with the Cedar Knolls location serving as a key addition to its growing footprint.
“The scale of this 23,000-square-foot lease and Costello’s decision to establish their largest New Jersey location here speaks volumes about the strength of the site,” said Brake.
“We’re excited to see this flagship concept come to life and drive continued traffic and momentum for the center.”
Additionally, the location is considering operating as a regional fulfillment hub to support faster distribution to other New Jersey stores.