Real Estate Journal — Shopping Centers — New York Deal Making — November 23 - December 13, 2018 — 5B
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M id A tlantic
N ew Y ork D eal M aking
In Hills Plaza, part of Hills Shopping Centers Vita&VitaRealtyCorp. signs Giant Food to 68,000+ s/f lease
A 27 acre, modern mixed-use project Kin Properties to develop Maywood Commons in NJ
ing, hotel and undisclosed retail anchor are currently slated to open in 2021. Ground breaking is expected to be in late 2019, with tenant construction to beginning in 2020. The grand opening of Maywood Commons is expected to be in early 2021. The CBRE brokerage team that is handling the leasing is led by Steven Winters and Mike Horne . chased as an investment by J Ellis Real Estate De- velopment LLC for $3.95 million. The transaction was han- dled by Chris Pennington , senior VP of Binswanger’s Philadelphia office.
MAYWOOD, NJ —Located in the heart of Bergen County along Route 17 North, the former Sears warehouse has been demolished and is being transformed into Maywood Commons, a 27 acre, modern mixed-use project in Maywood. The project is being developed by Kin Properties , with CBRE as the broker. An 80,000 s/f net leased office build- PHILADELPHIA, PA — On behalf of Port Richmond Self Storage, Binswanger announced the sale of their 48,000 s/f industrial property on 6.49 acres located at 2625 and 2503R Wheatsheaf Ln. The property was pur-
TATE COLLEGE, PA — Vita & Vita Realty Corp. announced the signing of Giant Food Stores (a subsidiary of Ahold Delhaize) at Hills Plaza (Rte. 322--South Atherton St.), State College. Giant leased 68,000+ s/f and will co-anchor the 200,000 s/f strip center by relocating its College Twp. store. A Star- bucks Café and a wine/beer department is planned. Hills Plaza is part of the 316,000 "Hills Shopping Centers" that includes Hills Plaza South and Short Hills Plaza. Additional major tenants at the project in- clude Ollie's Outlet, Rite Aid, McDonald's, Firestone, Weis Market, Victory Sports, Ace Hardware and Home Center, and Taco Bell. S Kieserman joins the Colliers Phila. retail team PHILADELPHIA, PA — Jon Kieserman joins Col- liers as a retail leader with estate Kieserman was a ten- ant himself, leading a family- owned 16 store regional retail operation. Kieserman has provided retailer representation and/ or disposition services for the likes of Walmart, Sam’s Club, Lowe’s, AutoZone, Wen- dy’s, Joyce Leslie, Pizza Hut, Chrysler, PA Department of Transportation, Pep Boys, Circuit City, Flynn & O’Hara and others. With over 3.5 MSF leased or sold throughout his career and a roster of national tenants. “Jon is an addition that is a perfect fit for our culture and the level of service we offer our clients – one that is high touch and personal. Jon is a seasoned professional, well known and respected amongst his peers and we are thrilled to have him join us in a pivotal year for Colliers Retail.” says Doug Sayer , president and CEO of Colliers in Philadel- phia. Kieserman began his ca- reer in 1997 at Hirshand & Company. Jon Kieserman over 26 years in the retail business and 20 specializ- ing in retail tenant and landlord rep- resentation. Prior to his career in real
Binswanger handles sale of self storage prop.
Hills Plaza aerial
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