14A — February 22 - March 14, 2019 — Mid-Atlantic Conference & Deal Making — M id A tlantic
Real Estate Journal
www.marejournal.com
M id -A tlantic C onference & D eal M aking The Corner Shoppes will be a new 10,000 s/f strip center in Lincoln Park Plaza Vita & Vita Realty Corp's. announces new 2019 pipeline developments
W
CVS and a two story Medical Arts Center. County Plaza is adjacent to County College of Morris County. In State College, PA, con- struction started on a 69,000 s/f Giant Food at its 200,000 s/f “Hills Plaza”. The community center is one mile from Penn State University’s main cam- pus and co-anchored by Ollie’s, Rite Aid, and McDonald’s. Renovations to the center are underway. In Murfreesboro, TN, Vita is backfilling a closed 108,000 s/f Kmart at its 205,000 s/f “Broad Street Centre” on Rte. 41/70S off Medical Parkway. Construction started split- ting Kmart into three big box shops. Big Lots leased one box and a lease is outstanding with another chain. The com- munity center was renovated in 2016. Charter Realty & Development secures two leases NEW JERSEY — Char- ter Realty & Develop- ment announced that Scott in Hackensack at Summitt Plaza, a 100,000 s/f retail complex located at the inter- section of Rte. 17, Summit Avenue and West Pleasant- view Ave. It is anchored by a 62,000 s/f Shop and Shop and owned by Sanzari 89’ Associ- ates, L.P. by Alfred Sanzari Enterprises. In addition, a 1,447 s/f lease was secured at 463-465 Cedar Lane in Teaneck. The building is owned by Cedar Lane Realty LLC . LabCorp provides medi- cal laboratory tests and services through a national network of clinical labora- tories and specialty testing laboratories. Edlitz joined Charter Re- alty in 2018 to focus on retail sales, leasing and develop- ment. Edlitz has over 20 years of experience in repre- senting owners/developers and tenants in the Metro New York and New Jersey area. Scott Edlitz Edlitz , on b e h a l f o f L a b C o r p , has secured two retai l l e a s e s i n New Jersey. A 2 , 3 9 5 s / f l e a s e was signed
AYNE, MORRIS COUNTY, NJ — Vita &Vita Realty
Corp. filed plans to develop “The Corner Shoppes”, Lincoln Park/Wayne, Morris County, NJ. The Corner will be a new 10,000 s/f strip center fronting its 60,000 s/f “Lincoln Park Plaza” anchored by Ace Home Center & Hardware at the signalized intersection of Rte. 202 & 511A (Comly Rd). Vita is also developing Phase 3 at its 55,000 s/f “County Pla- za” located at the signalized in- tersection of Rte. 10 & Dover- Chester Rd. in Randolph, NJ. That project is anchored by
The Corner Shoppes rendering
Made with FlippingBook - Online magazine maker