S hopping C enters

Real Estate Journal — Shopping Centers — March 29 - April 11, 2019 — 5A


M id A tlantic

HIPPANY, NJ — Costco Wholesale, the highly-antici- Wholesale club is anchor tenant of major mixed-use development at Military Ocean Terminal JMF Properties and RDManagement announce opening of Costco At Harbor ViewMarketplace W residents to this fast growing section of Bayonne.”

more consumers to the region, but it will simplify shopping for area residents and travelers in need of anything from grocery to furniture items or even a quick stop to fill up their car at the 18-pump Costco Gasoline gas station. This wholesale retailer is the perfect anchor for Harbor View Marketplace, and we wish nothing but suc- cess for Costco and the future development of the center into a complete live-work-play com- munity.” The residential portion of the project will deliver 651 luxury rental residences to a 14-acre site with views of Bayonne Golf Club across an inlet of New York Harbor. The rental residences will be housed in two five-story buildings which include an 820-space enclosed parking garage. 

The opening of Costco is a milestone moment in the re- development of Military Ocean Terminal, a 103-acre peninsula that juts out into New York Harbor. Formerly a base for both the Army and the Navy, Military Ocean Terminal is now being transformed into a mixed-use waterfront destina- tion comprising residential, retail, restaurants, commercial space and recreation. “Bayonne is a great place for shoppers who want to break away from Jersey City, Staten Island, or even Manhattan, to get their shopping done,” said Richard Birdoff , principal and president of RD Manage- ment. “This is the first Costco in the Jersey City-Bayonne area; not only will it attract

pated anchor t e n a n t o f JMF Prop- erties’ and RD Manage- ment’s ma- jor mixed-use development at Bayonne’s M i l i t a r y Ocean Terminal, is now open for business. Costco recently opened a 150,000 s/f store at Harbor View Marketplace, the retail component of the JMF/RD development. It also opened Richard Birdoff


an 18-pump Costco Gasoline gas station. Additional retail space rising on the property will include well-known stores and restau- rants, as well as outdoor seat- ing. The residential component includes 651 luxury rental residences that are currently under construction. “We promised Bayonne-area residents and shoppers an RICHMOND, VA — Con- nie Jordan Nielsen with Cushman & Wakefield | Thalhimer has represent- ed the seller, Marchetti Properties , in the sale of a ±745,000 s/f five-property shopping center portfolio in the Richmond Metropolitan Area. Located in strong re- tail corridors, the shopping centers are discounter and grocery-anchored, include outparcels, and are on average over 95% leased. Stonehenge Village, locat- ed on Midlothian Tpke. at Walmart Way (12501-125601 Stone Village Way) in Ches- terfield Cty., is a 180,000 s/f power center anchored by Wegmans, as well as 71,300 s/f of inline space, and five outparcels. Staples Mill Marketplace is a ±156,476 s/f retail center anchored by Kroger Mar- ketplace, with multiple out- parcels including Panda Ex- press and Zaxby’s, located on Staples Mill Rd. (9000-9120 Staples Mill Rd.) near the in- tersection of Hungary Spring Rd. in Henrico Cty. Staples Mill Square, a

outstanding anchor tenant for Harbor ViewMarketplace, and we delivered on that promise, less than one year after break- ing ground on the project,” said Joe Forgione, the founder and principal of JMF Properties. “We welcome Costco to the community and look forward to continuing to develop a project that will no doubt attract many new shoppers, visitors and


Cushman &Wakefield | Thalhimer completes sale of SC portfolio on behalf of Marchetti Properties

6A Equity Retail Brokers announces Lidl planning to take part of vacant Acme in Lansdale, PA ROLLS OUT A NEW ‘FRESH NOW’ PROGRAM

Stonehenge Village

±96,488 s/f Target (separately owned), Aldi and Petco-an- chored center, with outpar- cels including Discount Tire, McDonald’s and Taco Bell, is located on Staples Mill Rd. at Old Staples Mill Rd. (9001 Staples Mill Rd.) in Henrico Cty. Parham Plaza, located on N. Parham Rd. at Quioccasin Rd. (1518-1532 N. Parham Rd.) in Henrico Cty., is a ±177,450

s/f power center anchored by Walmart, T.J. Maxx and Petco. Ridge Shopping Center, totaling ±101,163 s/f, is lo- cated across from Parham Plaza at 1500-1552 N. Parham Rd., and anchored by The Fresh Market, with in-line space including tenants such as Virginia ABC, Sherwin- Williams Co, Hallmark, and Sugar Shack and Chick-Fil-A outparcels.

The portfolio sold to Rosen- thal Properties on March 1, 2019 for $125 million. “It has been my pleasure to work with Marchetti Proper- ties on the leasing and sale of this well positioned and anchored portfolio” said Con- nie Jordan Nielsen, Senior Vice President at Cushman & Wakefield | Thalhimer, who represented Marchetti Prop- erties in the portfolio sale. 


The Space Place Your Guide to Available Retail Space

NameofCenter& Location Pohatcong Plaza 1250USHighway22 Phillipsburg,NJ08865

Available Sq. Footage

CompanyContact Information

11A Anchor Stores


NationalRealty&Development Corp.

WalmartSupercenter, Stop&Shop,Regal

Ulta,OldNavy, PetValu,Verizon Wireless,WaWa

4,000-30,496SF PlusPadSite

Cinemas,Hobby Lobby,Marshalls, HomeGoods

HarrisonLyss 914.272.8043 harrison.lyss@nrdc.com


NationalRealty&Development Corp.

Northampton Crossings 3768EastonNazarethHighway Easton,PA 18045

WalmartSupercenter, Sam'sClub,Regal Cinemas,Kohl's, HobbyLobby

St ples,Panera Bread,Petsmart

8,987SF PlusPadSite

HarrisonLyss 914.272.8043 harrison.lyss@nrdc.com

NationalRealty&Development Corp. NickHrvatin

Marketplace at Cinnaminson 2501Route 130South

WalmartSupercenter, Sam'sClub



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