12C — March 19 - April 15, 2021 — The Best of 2020 — M id A tlantic Real Estate Journal
The LARGEST RETAIL LEASE of 2020
Colliers International Giant at The Courts at Cottman Northeast Philadelphia
Bennett Williams Loyal Plaza Williamsport, PA
ROCK Commercial 5201 Main Street East Petersburg, PA
Jon Kieserman Todd Sussman
Size: 60,000 s/f Brokers: Jon Kieserman and Todd Sussman The Colliers leasing team of Jon Kieserman and Todd Sussman successfully courted grocer Giant to occupy 60,000 s/f within the three-story, 237,151 s/f former Sears of Great Northeast Plaza, at the intersection of Bustleton and Cottman Aves. in Northeast Philadelphia. Giant is just one of several large ten - ants that have recently leased space at the former department store, which closed in April 2018, traded hands in 2020, and is currently undergoing a $24M redevelopment by Abrams Re - alty and Development and partner Bock Development.
Size: 55,039 s/f Brokers: Abe Khan, Blake Shaffer, Brad Rohrbaugh and Chad Stine Hobby Lobby leased a 55,000 s/f of the former K-Mart at Loyal Plaza in Williamsport, PA. This is Hobby Lobby’s first location in the Williamsport market. Loyal Plaza is a 293,607 s/f, Giant anchored center along East Third Street in Williamsport, PA.
Size: 32,376 s/f Brokers: Matt Czaus
Platinum Mitsubishi Lancaster leased this well-positioned corner property in Lancaster County, PA. ROCK Commercial Real Estate handled both sides of this transaction.
The LARGEST RETAIL SALE of 2020
Cushman & Wakefield Lawnside Commons Lawnside, NJ
JLL NJ/PA Hamilton Commons Mays Landing, NJ
Patterson-Woods Commercial Properties/CORFAC International 825 E Chestnut Street
Size: 151,075 s/f Brokers: Andrew Merin, David Bernhaut, Gary Gabriel, Brian Whitmer, Kyle Schmidt, Karen Iman 100% occupied at sale, Lawnside Commons was anchored by Home Depot, the center’s co-tenancy includes nationally- recognized names such as PetSmart, Wendy’s, T-Mobile and Mattress Firm. The property offers excellent visibility at the crossroads of a primary commuting corridor in proximity to I-295 and the NJ Turnpike. Lawnside Commons boasts ample parking, excellent highway visibility and four separate points of ingress/egress, including a signalized intersection off Route 30. The center is supported by affluent demograph - ics and a densely-populated trade area with a population of 286,000 people within a five-mile radius.
Size: 404,924 s/f, 63.83 Acres Brokers: Chris Munley, Jim Galbally, Colin Behr, Jose Cruz, Kevin O’Hearn, Steve Simonelli, Michael Oliver Hamilton Commons is a regional shopping center located in Mays Landing (Atlantic County), New Jersey. The prop - erty was built in 2001, and at the time of sale was 90% leased to notable national retailers such as Marshalls, Hob - by Lobby, Ross, Big Lots, Regal Cinema & Five Below, of - fering a diverse merchandising mix and baseline of secure cash flow. The Center acted as a Super-Regional destina - tion due to its positioning on the infrastructure grid, be - ing located just off of both the Garden State Parkway and Atlantic City Expressway, and just 12 miles from Atlantic City, NJ.
Location: Lancaster, PA Brokers: Chris Moore, CCIM Size: 21,000 s/f
Chris Moore, CCIM, represented the buyer, Owls Nest Properties, LLC, in the $4,000,000 purchase of a 3 acre, 21,000 +/- s/f combined s/f multi-tenant NNN retail in - vestment property consisting of a Rite-Aid Pharmacy, Au - toZone, and a restaurant. John Osborn, CCIM, of Patterson- Osborn provided the exchange intermediary services for the exchange. Chris frequently assists clients in selling and purchasing 1031 replacement properties.
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