4C — April 27 - May 10, 2018 — ICSC RECon — Shopping Centers — M id A tlantic

Real Estate Journal



Company welcomes Laurence Steinberg & Evan Steinberg Rittenhouse Realty Advisors establishes new retail division


including Apple, Nordstrom Rack, Target Express, Warby Parker, J. Crew and Chipotle.

and Chestnut Streets in Rit- tenhouse Square’s shopping district. Larry is joined by his son, Evan Steinberg, who is an experienced tenant rep- resentative, having worked with national brands seeking multi-site expansions into the Greater Philadelphia Region. The teamhas also represented the retail spaces in some of the city’s most exciting recent development projects, includ- ing Pearl Properties’ The Granary, The Icon Building, developed by Alterra Proper- ties, and The Collins Build- ing, developed by Brickstone

Realty Corp. Steinberg, who joined the RRA family of companies in February of this year, stated: “I’m extremely pleased to be a part of a great commercial brokerage team. Our new retail division will add an important set of capabilities to RRA’s brokerage expertise and open new opportunities for business. After many years of providing the leading retail brokerage service in Center City, my new retail team is being hand-picked to provide laser focused attention to our clients’ needs.”

Sheldon Gross Realty brokers deal on sale of 41,500 s/f property to HSJE Realty EAST BRUNSWICK, NJ — A 41,500 s/f mixed retail and warehouse facility at 2 Claire Rd. in East Brunswick was ac- quired by HSJERealty . While the transaction was managed by Sheldon Gross Realty’s Jonathan Glick , executive vice president, and Glenn Jaffe , senior vice president, HSJE Realty was represented by Howard Applebaum , president of Corporate Amer- ica Realty & Advisors . The East Brunswick facil- ity has three tenants, each of which uses a portion of the premises for warehousing and retail. The property is located mid-way between New York City and Philadelphia, just off the New Jersey Turnpike’s Exit 9 and immediately adja- cent to Route 18. In addition, it’s only a 30-minute drive from Newark Liberty International Airport.  Rittenhouse Realty Advisors recently celebrated five years in business and $100 million in property sold in the first quarter of this year. The group formed their debt and equity team, Rittenhouse Capital Advisors, in 2014. Rittenhouse Retail expands the group’s of- ferings to existing clients as well as creates an opportunity to compete in a new market. Corey Lonberger , manag- ing partner at RRA, stated: “Larry and his team are highly skilled at what they do. With Larry running our new retail division, we are confident that we will be a real player in that arena in the very near future.” Based in Philadelphia, Rit- tenhouse Realty Advisors is a real estate advisory firm with an extensive focus in the brokerage of multi-family communities throughout the northeast region of the United States.  Ken Wellar , managing partner at RRA, added: “We couldn’t be more excited to bring Larry on board. He is, without a doubt, one of the most iconic brokers in Center City. This partnership will allow us to hone our focus on mixed-use investment sales as well as grow out and diversify our platform of services.”

enter city, PA — Rittenhouse Realty Advisors announced

He has also worked with top chefs and r e s t a u r a - teurs, includ- ing Marc Ve- tri, Michael Solomonov, S t e p h e n S t a r r a n d

the forma- tion of Rit- t e n h o u s e Re t a i l , a n e w v e n - ture focused s o l e l y o n retail sales and leasing. The company

Laurence Steinberg

Jose Garces. Steinberg’s notable track record includes the sales of several prominent retail buildings on both Walnut Evan Steinberg

is led by top producing re- tail agent Larry Steinberg . Over the course of his career, Steinberg has worked with numerous national retailers,


Rittenhouse Retail concentrates solely on selling and leasing commercial retail properties throughout the Greater Philadelphia area , drawing upon experience and relationships developed over 25 years in the industry. Our team possesses the expertise, experience, resources and track record to provide comprehensive, integrated, and innovative real estate services to retail tenants, landlords and investors, regardless of size, scope or location. We understand the unique relationship that a client’s brand has with its customers, and how the right timing and real estate strategy can elevate that relationship. Call us today to discuss your retail real estate needs!

Landlord Representation Market Research

Tenant Representation Market Research and Analysis Location Analytics

Competitive Analysis Retail Merchandising Custom Marketing Packages and Materials Property Marketing Prospect Identification and Evaluation Lease and Sale Negotiation Renewals, Relocations, and Repositioning Retail Development Consulting

Site Selection and Evaluation GIS and Demographic Profiles Competitive Analysis Subleases, Renewals, Expansions, and Relocations Real Estate Strategy Consulting Lease and Sale Negotiation

Larry Steinberg Chief Operating Officer larry@rittenhouseretail.com

Evan Steinberg Associate evan@rittenhouseretail.com

For information visit www.RittenhouseRetail.com or call 267.323.4092

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