10A — October 26 - November 8, 2018 — Shopping Centers — M id A tlantic
Real Estate Journal
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S hopping C enters
1.5-acre parcel of land purchased from JC Penney in New Jersey Bennett Realty & Development and Eden Property Company Acquire Site at Rockaway
OCKAWAYTWP., NJ — Bennett Realty & Development and their partner Eden Property Company have recently pur- chased a 1.5-acre parcel of land from JC Penney. The parcel, currently a portion of JC Pen- ney’s parking lot at Rockaway Townsquare Mall has direct access to the ring road in front of the mall’s busiest entrance. The property is being leased to Miller’s Ale House who will be building a 7,000 s/f full service restaurant on the property. The new res- taurant will bring another R
Rockaway Townsquare Mall Photo Credit: Ian Bentley Photography
great dining option to the Rockaway area. Miller’s Ale House in tentatively sched-
uled to open in the Spring of 2019. The transaction illustrates
the changing retail environ- mental where many of the anchor tenants are trying to
dispose of untapped real es- tate for uses that help drive traffic. Starwood Retail Partners Names Blake VP of Dev. CHICAGO, IL — Rod Blake , a long-time specialist in mixed-use development,
ha s j o i ned S t a rwo o d Retail Part- ners as vice president of development the company announced. D r a w i n g upon on his
QUALITY ͻ COMMITMENT ͻ PERFORMANCE
Rod Blake
nearly 30 years of develop- ment, leasing, sales and gov- ernment relations experi- ence in both the public and private sectors, Blake will be responsible for identifying and implementing mixed-use development opportunities for Starwood Retail, to create value for all stakeholders. He will report to senior vice presi- dent of development Vincent Corno . "Rod Blake's multifaceted background perfectly mirrors what we are exploring for each of our 30 enclosed malls and lifestyle centers," Corno said. "We are delighted that he is bringing his expertise, experience and relationships to Starwood Retail." Prior to joining Starwood Retail, Blake was a Principal at Winnsboro Forest Compa- nies, where he directed teams advising clients on the pro- cess of developing residential, retail, office and special-use projects. He also was senior director of real estate and de- velopment for Olympia Devel- opment of Michigan, serving as the senior in-house member of the development team for the $2 billion District Detroit and Little Caesars Arena.
Geotechnical Design & AnalyƐŝƐͻ nvironmental Site Assessments and
www.earthengineering.com Corporate Headquarters: 610-277-0880 ͻ Lehigh Valley: 610-967-4540 Central PA: 717-697-5701 ͻ South Jersey: 856-768-1001
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