M id A tlantic Real Estate Journal — March 27 - April 9, 2020 — The Best of 2019 — 31C
The BEST RETAIL SALE of 2019
Marcus & Millichap-PA The Shoppes at Susquehanna Marketplace, Harrisburg, PA
The Kislak Company Inc. Colonial Shops Matawan, NJ
Marcus & Millichap-NJ Convery Plaza Perth Amboy, NJ
Size: 110,365 SF Brokers: Mark Taylor & Craig Dunkle
The Shoppes at Susquehanna Marketplace, a 110,365 SF upscale open-air shopping and dining destination located at the confluence of Interstates 81 and 83 in Pennsylvania’s capital city, Harrisburg. Both highways provide excellent accessibility and connectivity to the shopping destination center. Both highways provide the center with convenient access to more than 180,000 +/- vehicles per day. The Shoppes at Susquehanna Marketplace opened in 2004 with an impressive roster of upscale national retailers, quickly establishing itself as, and remains to this day, the destina- tion center in Central Pennsylvania for specialty shopping and dining.
Alan Cafiero Ben Sgambati
Size: 8.90 Acres Brokers: Alan Cafiero, Ben Sgambati and Brent Hyldahl Convery Plaza located at 365 Convery Blvd. Perth Amboy, NJ is an 88,685 SF shopping center anchored by ShopRite and complemented by 11 other tenants. The entire site is 8.9 acres which additionally includes a 5,000 SF approved pad site for future development.
Size: 13,000 SF Broker: Daniel Lanni
Senior Vice President Daniel Lanni represented both buyers and sellers in all transactions with the Matawan retail prop- erty being an off market transaction for the 1031 exchange buyer.
The BEST RETAIL LEASE of 2019
LevinManagement Corporation Somerville Circle Shopping Ctr. Raritan, NJ
Bennett Williams Commercial Parkview Plaza Lancaster, PA
JMF Properties Harbor View Marketplace – Costco Bayonne NJ
Size: 157,000 SF+ 18-pump gas station. It is situated on a 14-acre property that includes both Harbor View Marketplace (retail) and ScenicVue (residential). Costco Bayonne became the first retail tenant at Harbor View Marketplace when it opened a 157,000 SF store and an 18-pump Costco Gasoline in March, 2019. Developed by JMF Properties and RD Management, Harbor View Marketplace comprises 240,000 SF of retail on Military Ocean Terminal, a former base for both the Army and Navy that juts out into New York Harbor.Additional tenants announced include Lidl gro- cery, Starbucks, LA Fitness, CVS Pharmacy and Posh Nails &Beauty Lounge. Its sister property, ScenicVue, is a collection of 651 luxury rental residences that broke ground in October right next door. Together they comprise 14 acres of the 103-acre peninsula. Costco attracted many shoppers and a lot of media attention when it opened, elevating the entire redevelopment area in the public conscious.
Size: 32,000 SF Brokers:Abe Khan, Travis Riley, Brad Rohrbaugh, Chad Stine Crunch Fitness, represented by Abe Khan and Travis Riley of Bennett Williams Commercial, recently com- pleted a 32,000 SF lease at 870 Plaza Blvd, Lancaster, PA 17601 in Parkview Plaza located in Lancaster County. This new $3 million fitness center took the place of the former Bon-Ton Furniture Gallery. This club will offer cardio equipment and free weights, func- tional training area, ride studio, cryotherapy, saunas, kids club, personal training, nutrition offerings, among other things. Abe Khan and Travis Riley represent a large Crunch Fitness franchisee throughout Central Pennsylvania and are looking for more sites for this exciting concept.
Size: 46,000 SF Brokers: Vanessa Fernandez-Kelty fromLevinManage- ment Corporation (landlord representative) and Clifford Simon and David Rosen of CNS Real Estate (tenant representatives) Illustrating the ongoing positive trajectory of off-price retail, Burlington Stores leased 46,000 SF at Somerville Circle Shopping Center, where Levin Management Corporation (LMC) serves as leasing and managing agent. Burlington will open in Spring 2020, occupying a free-standing box for- merly housing Toys “R” Us/Babies “R” Us. The 150,000 SF Somerville Circle Shopping Center is anchored by Staples, Petco and P.C. Richard & Son. Other national and regional tenants include Carter’s, JerseyMike’s, Panera Bread, Burger King, Five Below and Harmon Discount. With the long- term Burlington commitment and an early 2020 lease by America’s Best, the center is fully occupied.
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