12A — June 26 - July 16, 2015 — Shopping Centers — M id A tlantic
Real Estate Journal
www.marejournal.com
S hopping C enters
Silbert Realty & Management receives leasing assignment The S.Hekemian Group signs retail tenants for ES4 office building in Englewood, NJ E ground for ES4 on June 3 and has slated completion for first quarter 2016.
work-play environment,” said Hekemian. ES4 is the latest phase in the Engle- wood South neighborhood, a redevelopment of eight con- tiguous industrial properties, including a historic General Motors plant, the result of a collaboration between SHG and the City of Englewood. “One will be able to walk over, get your coffee, or crois- sant, or grab a sandwich or dinner or your pint of beer or glass of wine with co-workers or friends,” he said. “For a resident or office worker, other than having a grocery store, what better neighbor- hood amenity can you ask for?” Hekemian terms ES4 “the intersection of urban and sub- urban living, combining with nearby apartments to create more of an urban-type neigh- borhood with the conveniences of the suburbs, including di- rect highway access. ES4 will add energy to the street, with as many as 250 office workers on-site during the day and residents in the evening.” Leasing activity has also been brisk on the office com- ponent of ES4, the first new of- fice building to be constructed in Bergen County in more than five years. Of the 34,000 s/f of available office space, 17,000 s/f has been signed, with announcements to be made shortly, according to Hekemian. “We are also talk- ing to another potential high- end headquarter-type user for a 7,500 s/f space.” The leasing assignment for ES4, located at 10 Sterling Blvd., is being handled by Brian Silbert , president and CEO, and Wayne Kasbar , vice president, of Silbert Realty & Management of Millington, NJ. With tenant spaces featur- ing oversized ceiling heights and loft-like open-plan build- outs, “we are creating a high- end, boutique office building product that will address an unmet demand, or even create a demand that didn’t exist,” said Hekemian. “The high level of interest and pre- leasing of the property is a clear indication of that.” ES4 is situated less than five minutes from the George Washington Bridge and ac- cess to New York City, and is near the confluence of I-80, the NJ Turnpike/I-95, and Routes 4 and 17. n
NGLEWOOD, NJ — The S. Hekemian Group (SHG) has signed two leases for the re- tail component of the compa- ny’s under-construction ES4 office building in Englewood, announced senior managing director Peter Hekemian . Panera Bread and Anthony’s Coal Fired Pizza are set for ground-floor occupancy, ac- cording to Hekemian, and with another signing antici- pated shortly, the 46,000 s/f office building’s 10,000 s/f retail component will be fully leased. SHG officially broke
Both Panera Bread and An- thony’s Coal Fired Pizza will operate their prototype stores at ES4, with the latter offer- ing a full bar. “We obtained a liquor license for ES4, which we have transferred over to Anthony’s,” said Hekemian. “Panera and Anthony’s, as well as another soon-to- be-announced foodservice tenant, will have a positive impact on the neighborhood, and ES4, when complet- ed, will provide a full live-
ES4
RE_ad_version1.qxp 11/2/2005 11:54 AM Page 1
We’re looking for sites in PA End Cap, In-line, Free Standing Flexible Space Requirements Retail Opportunities Needed Consistently Ranked #1 Franchise - 45+ Y ear T rack Record
Non-Traditional Venues - Hospitals/Colleges Universities/B&I/Stadiums/Casinos/Airports
Local Contacts:
Eastern PA — 610-366-8120 x 24, Cheryl Green green_c@sdepa.com Philadelphia PA — 610-768-8990, Rawley Shelton rawleyshelton@gmail.com
realestate.subway.com www.subway.com
facebook.com/SDEPA1
Made with FlippingBook - Online magazine maker