22B — September 28 - October 11, 2018 — Shopping Centers — M id A tlantic
Real Estate Journal
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S hopping C enters
Bock of MSC Retail represents ALDI RAL brings 25,427 s/f grocery to 1300 Fairmount Ave., NY
NewYork Deal Making Spotlight
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EW YORK, NY — RAL Development Services (RAL) an-
nounced gro- c e r y s t o r e A L D I h a s signed a long- term, 25,427 s/f retail lease at 1300 Fair- mount Ave. The 14-story, 624,575 s/f
Jason Bock
1300 Fairmount Ave. under construction
mixed-use property, currently under development by RAL, is located at the intersection of Fairmount Ave., Ridge Ave. and North Broad St. The an- nouncement was made by Spencer Levine , managing director of RAL. “We’re pleased ALDI chose our location along the devel- oping North Broad Corridor,” said Levine. “In a city where many people rely on walking
or public transportation, a new supermarket in the area will be extremely valuable not only for the building’s residents but also for the surrounding community who have worked closely with our team to make this project a reality. ALDI will provide fresh, high-quality affordable groceries to the neighborhood.” When completed, 1300 Fair- mount will be a 14-story, 624,575 s/f mixed-use prop- joined Metro in 2014 and over the last four years have consis- tently demonstrated extraor- dinary transactional skills in marketing and leasing on be- half of their clients. “I am very proud of Scott and Stephen’s growth and performance and
erty offering 478 rental apart- ments including studio, one- bedroom, two-bedroom and three-bedroom apartments and 58,759 s/f of retail space. ALDI was represented by Ja- son Bock of MSC Retail in the transaction and the Metro Com- mercial team of Phillip Az- arik , VP of brokerage services, and Scott Benson , senior sales associate, represented developer RAL Development Services. look forward to many years of continued success”, said Tom Londres , president of Metro Commercial Real Estate. Scott and Stephen are both residents of Philadelphia and work out of Metro’s Center City Philadelphia office.
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PHILADELPHIA, PA — Metro Commercial Real Es- tate, Inc. (Metro) announced the promotion of both Scott Benson and Stephen Car- rozza to vice president from senior sales associate. Benson and Carrozza both Metro Commercial promotes Benson and Carrozza to VP
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