10A — October 30 - November 12, 2020 — Retail Development Reimagined — M id A tlantic Real Estate Journal


R etail D evelopment R eimagined

DSM Commercial purchases 2308 Concord Pike in Wilmington, DE O’Hara of NAI Emory Hill completes 8,000 s/f lease at the Harmony Center


ILMINGTON, DE — NAI Emory Hill announced that Dol-

represented the landlord in this transaction and Solloff Realty represented the ten- ant. Harmony Center is a 78,000 s/f retail center anchored by Walgreens, ATI Physical Therapy, The UPS Store, Saladworks and McDonalds. Harmony Center is profes- sionally managed by Fusco Management and is located at the intersection of Rt. 4 and Harmony Road. In a separate transaction, NAI Emory Hill announced the sale of a 8,710 s/f shopping center located at 2308 Concord Pike in Wilmington, DE to The Wittig Family at DSM Commercial . Dave Morri- son and Jim O’Hara Jr. , of NAI Emory Hill, represented the purchaser and seller in this transaction. This retail center is an- chored by Mattress Firm, Green Drop and China Inn. The center is strategically located at the intersection of Sharpley Rd. and offers a great retail location along the busy Rte.202 corridor. MAREJ Namdar Realty Group reps. buyer in NY retail center purchase MORRISTOWN, NJ — JLL Capital Markets an- nounced that it has closed the sale of Tops Plaza, a 133,849 s/f retail center anchored by Tops grocery store in the Central Upstate community of Cortland, NY. JLL marketed the prop- erty on behalf of the seller, a CMBS trust. Namdar Re- alty Group purchased the asset. Tops Plaza is anchored by Tops, one of the region’s lead- ing grocers, and home to a di- verse mix of service-oriented, essential and traditional re- tail tenants. The 90% leased retail center was completed in 1994 and most recently renovated in 1999. Situated on 21.6 acres at 3918-3944 Rte. 281, the center is within the main commercial hub of Cortland, which is in the geographic center of the state and about 33 miles south of Syracuse. The property has more than 600 feet of frontage along 218, a state highway with annual average daily traffic counts of nearly 15,000. MAREJ

lar General has entered into a lease for 8,000 s/f at the Har- mony Center located along R t e . 4 , i n New Castle County. Dol-

Jim O’Hara

lar General operates over 12,000 stores in 46 states. They offer their customers val- ue and convenience. NAI Em- ory Hill broker Jim O’Hara

2308 Concord Pike in Wilmington, DE

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