Real Estate Journal — Shopping Centers — ICSC RECon — April 27 - May 10, 2018 — 7C


M id A tlantic


he Streets of Chester is the premier shop- ping destination in The Streets of Chester is the premier shopping destination in NJ’s affluent Morris County Silbert Realty & Management Co. delivers G&F Business Park East Hanover leasing update! T

New Jersey’s affluent Mor- ris County. S i t u a t e d within Ches- ter Borough on State Rte. 206 immedi- ately south of the signal-

Brian Silbert

ized intersection of State Rte. 24, the 105,000 s/f lifestyle shopping center comprises a variety of national retail- ers that a larger mall might possess, but The Streets of Chester offers its shoppers a unique open-air, shopping experience in a street-like setting. Anchored by Dean’s Natural Food Market, the premier organic, privately held gourmet supermarket including national retailers such as, Banana Republic, J. Crew, Ann Taylor, White- House Black-Market, Talbots, GAP among others, located a short walk within a beautiful setting fromChester’s historic Main Street with over 100 unique shops and restaurants. As managing and leasing agent, Joel Tomlinson , as- sistant VP of the brokerage department at Silbert Realty & Management Co. (SRM) announced that over the past 12 months, they have stabi- lized the 50,000 s/f G&F Busi- ness Park withmultiple leases totaling 16,500 s/f, resulting in significantly improved oc- cupancy level (currently 18% vs. 47% just one year ago). The asset has two 4,000 s/f flex space units and one 2,100 s/f area available for lease. Silbert serves as exclusive leasing representative for New Milford Redevelopment Associates, LLC, Brian Sil- bert , President & CEO of SRM announced his firm has concluded leases and that site work is underway for a 70,000 s/f Inserra ShopRite super- market and a free-standing Wells Fargo Bank pad with an anticipated opening pro- jected for September 2018. The development will be situated on the former Suez Water North America ap- proximately 14.6 acres and borders Oradell (North) and River Edge (South) and three miles North of State Hwy. Rte. 4. NewMilford residents are looking forward to this brand new 70,000 s/f Shop-

G&F Business Park in East Hanover, NJ

Rite supermarket, a reloca- tion of the existing ShopRite

to be adjacent New Milford High School. n

The Streets of Chester, Chester, NJ

 Asset Repositioning  Retailer Advisory Services

 Real Estate Brokerage  Property Management

Representing these fine companies:

Meet us at RECon Real Estate Convention May 20 - 23, 2018 Las Vegas Convention Center VISIT BOOTH #C1044 or contact us to schedule a meeting 908.604.6900 or info@silbertrealestate.com

Please visit our website for our property availabilities: www.silbertrealestate.com

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