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Meridian Capital Group arranges $148.8m in Senior and Mezzanine financing Gebroe-Hammer Associates arranges NJ’s largest multi-family sale of 2015
ISSUE HIGHLIGHTS Volume 28 Issue 4 Feb. 26 - March 10, 2016
M
ount Olive TWP., NJ — Gebroe-Ham- mer Associates of
SPOTLIGHTS
Livingston, rounded out the 2015 sales year, the best in its 40-year history with the $175 million trade of 1,172 garden- apartment units and an adja- cent 91,330 s/f retail center at Village Green. The brokerage team of Greg Pine , executive vice president; Stephen Tra- gash , senior vice president; and Joseph Brecher , man- aging director, arranged the 76-building mixed-use sale. The firm represented the seller, a private investment group, and the buyer, SDK Apartments , in the transaction. Meridian Capital Group ar- ranged $148.8 million in senior and mezzanine financing for the purchase, on behalf of buyer. The five-year loans, provided by a regional balance sheet lender and a mezzanine lender, feature a blended fixed-rate of 3.67%
Commercial Office Section C
Green Buildings/ Environmental
7-17B
Village Green Apartments
representing the same sell- er in two additional garden- apartment community sales in North Plainfield and West Orange, for a combined 638 units. The brokerage teams for the two separate transactions included Eli Herskowitz , sales representative, and Brecher , respectively. n
and interest-only payments. This transaction was negotiated by Meridian senior managing director, Abe Hirsch , manag- ing director, Zev Karpel , and VP, Judah Hammer . “Village Green Apartments and Village Green Center are exceptional properties spanning more than 105 acres in Morris
County, a major residential/re- tail/commercial hub,” said Pine. “As part of the thriving Mount Olive/NJ Foreign Trade sub- market, Village Green offered an extremely rare opportunity to acquire a pillar for garden- apartment home communities in Northern NJ.” Pine also was involved in
For speaking and sponsorship information, please contact: Linda at 781-871-3456 or lchristman@marejournal.com April 14, 2016 New Jersey Office Summit April 13, 2016 Philadelphia Real Estate Capital Markets Summit Upcoming Conferences March 18, 2016 2nd Annual NJ Land Development Summit
NJ’s Vision Properties closes 573,053 s/f, five-building office complex totaling $100m+
TAMPA, FL — Vision Properties , a northern NJ based commercial real estate operating partner, has ac- quired a five-building class A office complex consisting of 573,053 s/f along Henderson Rd. This acquisition represents Vision Properties first acqui- sition in Tampa and adds to its existing office portfolio of 5,000,000 rsf. The property
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Shopping Centers featuring ICSC Mid Atlantic Conference & Deal Making...............................3-12A Owners, Developers & Managers............... Section B Commercial Office Spotlight ...................... Section C
573,053 s/f along Henderson Rd. acquisitions stated, “The Tampa officemarket has continued to outperform many other office markets around the country with 2.250MM rsf of net absorption since 2011. This can be attributed to the talented labor pool, large tax incentive packages, and low cost of business. The Tampa MSA added 32,900 new jobs in
the last 12 months ending June 2015 and 109,300 jobs in the last five years.” Cushman & Wakefield’s Florida Capital Markets Group consisting of Mike Davis, Michael Lerner and Rick Brugge represented the seller. William Bertolero of Vision Properties will over- see the operations and asset management. n
also has a development pad with an active site permit for an additional office building totaling 111,600 s/f. F red Arena , founder of Vision Prop- erties, expects to break ground within the next 12 months as the Tampa Office market lacks large contiguous blocks of class A vacancy. Anthony Arena , director of
Upcoming Spotlight March 11, 2016 1031 Exchange www.marejournal.com
Inside Cover A — February 26 - March 10, 2016 — M id A tlantic
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Thank you Speakers, Moderators & Sponsors
Stan Danzig Brokerage Svcs. Executive VP Cushman & Wakefield
Jose Cruz Senior Managing Director HFF | New Jersey
Brian Banaszynski Principal Heller Industrial Park
Howard Freeman, Managing Director of Acquisitions Penwood R.E. Investment Mgmt.
Steven Denholtz CEO Denholtz Associates
Kevin P. Welsh Senior Vice President CBRE
Michael D. Hines Executive Vice President CBRE | National Partners
Robert P. Sobol Manager, Business Dev. Brinkerhoff Environmental Svcs.
Alan M. Lambiase, CCIM Director, Sales/Marketing River Terminal Development Co.
George Molloy President GM Realty Advisors Inc.
Scott K. Perkins, SIOR, CCIM Managing Director, Corporate Services NAI James E. Hanson
Lee Winter, Director, Credits & Incentives Grp. Grant Thornton
Michael Allen Seeve President, Mountain Development Corp.
Paul Ceppi, Director, Business Banking & Community Dev., NJEDA
Dennis Toft Co-Chair Wolff & Samson
Greg Rogerson Principal J.G. Petrucci
Christopher Alviggi, ARM VP, Construction Services Grp. Alliant Insurance Services, Inc.
Kevin McGowan, Founder McGowan Corporate Real Estate Advisors
Jeff Milanaik Principal Bridge Dev. Partners
Matt Tucker Managing Director Gladstone Commercial Corp. Sponsors
Todd Anderson, Principal The Hampshire Companies
Arif Welcher Government/Business Mgr. Office of Clean Energy
John F. Hanlon Sr. Investment/Dev.Officer First Industrial Realty Trust
Real Estate Journal — February 26 - March 10, 2016 — 1A
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American Architectural W&D. ................... 1B Arrow Steel Inc.......................................... 14B Azarian Realty Co.. ..................................... 9A Bennett Williams Commercial.................... 6A Bergman Real Estate Group................. IBC-C Berkadia................................................. IBC-A Capital Commercial Real Estate Group... 15A Capitol Aerials............................................. 2B Capstan........................................................ 4A Crystal Window & Door Systems. .............. 5B Cushman & Wakefield. ............................... 1C E.B. Cohen................................................... 4B Earth Engineering Inc.. ............................ 15B Elliott-Lewis. ............................................... 6B Environmental Systems............................ 15A Fowler Companies..................................... 23B Hillcrest Paving & Excavating................. 15A Hollenbach Construction............................. 2C Hutchinson Mechanical Systems................ 8B IFMA NJ...................................................... 2A Integrated Business Systems. .................... 3B Investors Real Estate Agency................... 15A IREM.....................................................24-25B Jewel Electric Supply Co........................... 22B Kaplin Stewart. ........................................... 9B Kay Commercial Realty. ........................... 15A LEW Corporation. ..................................... 11B M. Miller & Son......................................... 20B Marcus & Millichap................................... 15A Marcus & Millichap.................................BC-C Meridian Capital Group..........................BC-A NAI Dileo-Bram......................................... 11C NAI Emory Hill. ........................................ 13C NAI Hanson............................................... 10C NAI Keystone............................................... 9C NAI Mertz.................................................. 12C NAI Summit................................................. 8C NJAA.......................................................... 23B NorthMarq Capital...................................... 4A NRDC........................................................... 4A P. Cooper Roofing . ..................................BC-B POA............................................................ 22B Poskanzer Skott Architects....................... 21B Premier Compaction Systems................... 10B RD Management...................................10-11A Red Marketing Communications................ 4A Regal Bank................................................... 8A ROCK Commercial Real Estate.................. 4C Schmidt Construction Consulting. ............. 3B Specialty Building Systems. ....................IC-B Stout & Caldwell. ...................................... 13B SUBWAY...................................................... 5A The Berger Organization. ........................IC-C The Frederick Group................................... 5C Total Cleaning Associates........................... 2B USGBC....................................................... 17B Victor Stanley.............................................. 7A Whitesell.................................................... 15C Zimmel Associates....................................... 3C MAREJ A dvertisers D irectory
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M id A tlantic R eal E state J ournal Publisher .................................................................Linda Christman Publisher ....................................................................Joe Christman Senior Editor/Graphic Artist ..................................... Karen Vachon Production Assistant/Graphic Artist ............................... Julie King Associate Publisher ................................................. Alissa Aronson Associate Publisher ...................................................Eric Ballenger Associate Publisher .............................................. Barbara Holyoke Associate Publisher .....................................................Steve Kelley Office Manager .........................................................Joanne Gavaza Contributing Columnist . .............................................. Tracy Jones Mid Atlantic R eal E state J ournal ~ Published Semi-Monthly Periodicals postage paid at Rockland, Massachusetts and additional mailing offices Postmaster send address change to: Mid Atlantic Real Estate Journal, 312 Market St. Rockand, MA 02370 USPS #22-358 | Vol. 28 Issue 4 Subscription rates: $99 - one year, $198 - two years, $4 - single copy
Tracy Jones
Does This Excuse Make My But Look Big?
O
ne day, during lunch break, a construc- tion worker opened
his lunchbox, pulled out two sandwiches, hoisted them aloft, and cried to the heav- ens in anguish, “Not peanut- butter sandwiches again!” The next day, he opened his lunchbox, peered inside, and wailed in agony, “Not peanut butter sandwiches again!” Day after day, the same scene played out: open lunch box, extract contents, “Not peanut-butter sandwiches again!” Finally, after thirteen days of unchanging lunchtime drama, his coworker said, “Say, mister, if you don’t like peanut-butter sandwiches, why don’t you ask your wife to make you something else?” “You leave my wife out of this,” he replied. “I MAKEMY OWN LUNCH!” We all make our own sand- wiches and too many of us make sandwiches that we
REPORT AN ERROR IMMEDIATELY MARE Journal will not be responsible for more than one incorrect insertion
The views expressed by contributing columnists are not necessarily representative of the Mid Atlantic Real Estate Journal
don’t like to eat. Negative elements often take root in our lives because we allow ourselves to get caught up in an endless cycle of excuses instead of taking action. Here are a few ways to take control of what’s in your lunchbox. Prune the word but from your vocabulary: It’s just as important to weed your mind as it is your physical surroundings, and the most powerful and effective way to accomplish this is to prune the word but from your vo-
cabulary. Excuses are men- tal weeds that strangle any chance of new growth regard- less of how many seeds you plant. Excuses are virulent vines that strangle everything in their vicinity. Excusatory words can be just as venom- ous as accusatory ones. Steer clear of both. They are two strains of the same weed. When you expunge but from your vocabulary an amazing thing happens: where you used to see unfairness and continued on page 14A
March 15 17 Mistakes Made in Creating Emergency Plans & How to Correct Them Speaker: Bo Mitchell Time: 5pm-7pm Location: Parsippany, NJ More information go to: www.njifma.com SAVE THE DATE
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M id -A tlantic C onference & D eal M aking
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Recently acquired by Virginia Beach-based Armada Hoffler Properties Divaris adds over one million s/f to portfolio with 11 properties
V
can General Life Insurance, was represented by Gerald Divaris. Coast Dental Services re- newed its lease for 1,680 s/f of office space in St. John’s Plaza in Titusville. The den- tist office provides preventive, restorative, and cosmetic dentistry services. Divaris handled the lease on behalf of the landlord for this transac- tion as well. Dermalogica leased 1,861 s/f of office space in the Trac- torworks Building located at 800 Avenue North in Minne- apolis, MN. Michael Divaris, Vivian Turok and Krista Costa of Divaris Real Estate represented the tenant in the negotiations with the land- lord, Tractorworks, LLC. Di- varis has been the real estate representative of Dermalogica for over 15 years for its real estate requirements in the U.S. and Canada. n The Fraser Centre is a 265,000 s/f new construction project situated on the crest of Pennsylvania State Uni- versity’s main campus. The celebrated building, marking the town’s tallest construction and first new hotel in more than two decades, contains 50,000 s/f of retail space; a 165- room Hyatt Place Hotel; and 26 residential condominiums. Gary Brandeis of Real Es- tate Capital Management , the co-developer, added, “By offering large floor plate, energy-efficient retail suites with 15’ ceilings and floor- to-ceiling exterior glass, The Fraser Centre has given inter- national retailers seeking this type of modern space the abil- ity to access Downtown State College for the first time.” Construction of The Fra- ser Centre is ongoing, with grand openings for the cen- ter’s retailers projected for fall 2016. n mixed-use development like The Fraser Centre.”
retail centers located in Vir- ginia, Tennessee, Indiana and Texas. Management and leasing will be coordinated from Divaris’ Richmond and Virginia Beach offices with the use of affiliates in Tennes- see, Indiana and Texas. DRE completed four lease transactions totaling 15,828 s/f of commercial space. Floor Factory Outlet leased 10,687 s/f of retail space in the Divaris-leased and –man- aged St. John’s Plaza Shop- ping Center located at 3239 Garden St. in Titusville, FL. Floor Factory Outlet offers carpet, laminate, hardwood, vinyl, tile and stone flooring from its superstores in Saint Augustine, Leesburg, Ocala and Titusville, Fl. Other ma- jor tenants in St. John’s Plaza include: Publix, Dollar Tree, Hair Cuttery, Sally Beauty, GNC, AT&T, and Quest Diag- nostics. The landlord, Ameri-
IRGINIA BEACH, VA — Gerald Di- varis , chairman and
CEO of Di- varis Real Estate, Inc. (DRE) , an- nounced the addition of 11 shopping c ent e r s t o its leasing and man-
Gerald Divaris
agement portfolio. The total space exceeds 1,082,681 s/f of retail space in centers that were recently acquired by Vir- ginia Beach-based Armada Hoffler Properties . The portfolio is located through- out the Mid-Atlantic and South-Central United States. It is currently 94 percent oc- cupied: “This is a significant addi- tion to our portfolio increasing our total leased and managed properties from 25 to over 26 State College, PA — RSR EB-5 Regional Cen- ters (RSR) , an affiliate com- pany of Switzenbaum & Associates announced the recent financing of a mixed- use, ground-up construction in State College, through the United States Citizenship and Immigration Services (USCIS) EB-5 immigrant investor program. RSR is providing $15.5 million to borrowers Fraser Partners, LLC , an affiliate company of Real Estate Capital Man- agement and Brickbox Enterprises Ltd. , for the construction of The Fraser Centre. The interest-only loan is in conjunction with a senior construction loan from Fulton Bank, which provided the re- mainder of the required debt for the project. Loans from both RSR and Fulton Bank closed in November 2015. Originally structured for 30 investors, the project opened an additional spot due to increased demand. While
Core assets feature major anchor tenants including Harris Teeter, PetSmart and T.J. Maxx
million s/f of leased and/or managed assets,” said Gerald Divaris. “Divaris Real Estate is experiencing a period of rapid growth and expansion that is very positive and excit- ing at the moment.” The core of the portfolio consists of six retail centers well positioned along the I-85 corridor between Raleigh- Durham, North Carolina and
Greenville, South Carolina. These core assets feature ma- jor anchor tenants including Harris Teeter, PetSmart, T.J. Maxx, Bed Bath & Beyond, Ross Dress for Less, Hobby Lobby and Petco. These prop- erties will be managed and leased out of Divaris’ Char- lotte office. The remaining five properties in the portfolio are each Kroger-anchored
Real Estate Capital Management co-develops 265,000 s/f new construction project Switzenbaum & Associates finances $15.5 million EB-5 loan for mixed-use development in State College, PA
The Fraser Centre
USCIS requirements for EB-5 stipulate that a minimum of 10 new jobs must be created for every investor, this proj- ect’s construction and opera- tion will create an estimated 521 jobs, marking more than 200 than what is required. “Through our international network primarily focused in China and the U.S., The Fra-
ser Centre’s EB-5 loan is just the beginning of a lending platformwith several projects in the pipeline,” said Samuel Switzenbaum , president
and CEO of Switzenbaum & Associates. “We are thrilled that the trend is spurring development in State College, where the need exists for a
4A — February 26 - March 10, 2016 — Shopping Centers — M id A tlantic
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public relations services
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Get Recognition for Your Deals & Projects New DeveloPmeNts | lease/sale tRaNsactioNs iNDustRY tReNDs | exPeRt aRticles, YouR bYliNe
CR Architects is responsible for the store’s design Cabela’s selects L.F. Jennings to construct retail center
Why Wait? Contact me Today! • News Releases • Content Marketing • Strategy and Planning • Social Media • Follow Up with Media
A I N E S V I L L E , VIRGINIA — L.F. Jennings has been selected to construct their second Cabela’s retail cen- ter, this time in Gainesville. Cabela’s new retail center will provide hunting, fishing, camping, shooting and other related merchandise to the surrounding area. CR Architects from Den- ver, CO are responsible for the store’s design. The build- ing will feature the company’s well-known lodge-inspired theme, featuring high ceil- ings, raw exposed wood, stone masonry and large windows. The one story, 80,000 s/f building will contain an ex- travagant gun library, ample G
lisa tolson, President Red Marketing communications
ExpEriEnCEd profEssional. provEn rEsulTs. 908-397-2286 • ltolson@marketingbyred.com
Cabela’s rendering
retail space, a fudge shop and more. These features will be complemented by an impres- sive mountain display, lively aquarium and an attractive interior design. The project site is located
near the intersection of Wel- lington Branch and Lime- stone Dr. near Lee Hwy. Construction is scheduled to begin by this winter and the anticipated completion date will be spring 2017. n
78 projects in 14 states Large retail power centers Grocery-anchored community shopping centers Corporate/Industrial business parks National Realty & Development Corp.
Former ICSC executive Milian launches Woodcliff Realty Advisors
For more information on our portfolio call 1.800.932.7368 or visit us online at nrdc.com
ed are development, project management and tenant co- ordination, operations, leas- ing, finance, research, lease accounting, data verification, analytics technology, mar- keting and public relations, all with the goal of helping clients maximize the value of their projects. “To succeed today, retail and real estate companies operate with as lean and efficient an organization as possible. But there are occa- sions when an outside point of view or additional advice is needed to advance to the next level,” said Milian, president and CEO. “Whether clients are looking to do a major acquisition, complete the re-development of a project, create a business plan or is- sue a press release, they can
benefit from the decades of experience and expertise of some of the most forward- thinking and successful ex- perts in the industry.” Depending on the client’s needs, Woodcliff will call upon appropriate affiliated consultants who will work to- gether to achieve goals. The initial line-up of consultants consists of: “What makes Woodcliff different from other consul- tancies is that so many lead- ers in retail real estate are offering their expertise in a coordinated manner,” Milian said. “Our unique structure allows our clients literally to have an all-star team at their disposal so they can focus on what they do best: running and growing their companies.” n
WOODCLIFF LAKE, NJ — Rudolph Milian , former senior staff vice president
o f the In- ternational Council of Shopping C e n t e r s and a retail real estate d e v e l o p - m e n t e x - ecutive, has
Rudolph Milian
launched Woodcliff Realty Advisors LLC , a full-service management consultancy that brings together an elite group of retail and real estate professionals and experts to serve shopping center com- panies, retailers, commercial real estate organizations, communities and investors worldwide. Among the services provid-
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Hill Management Services unveils plans for new SC
Including five assets, known as Restaurant Row Marcus &Millichap ink sale of retail portfolio in Pennsylvania
HILADELPHIA, PA — Marcus & Millichap has arranged the sale of a portfolio of retail assets that includes nine buildings in the Philadelphia metropolitan area. The portfolio features the Quarry Crossings shopping center in Downingtown, and five other assets, known as “Restaurant Row,” located in Trevose. The properties were offered separately and as a portfolio to provide flexibil- ity in the marketing process, which focused on private and institutional buyers. The pur- chaser acquired the assets in a single transaction that closed in late January 2016. “In two weeks we produced more than 10 offers for the portfolio and even more for the individual assets,” said Derrick Dougherty , senior associate in Marcus & Mil- lichap’s Philadelphia office. “Ultimately, our tactical mar- keting plan and broad market reach produced a winning bid that realized the seller’s desire for the assets to trade as a portfolio and achieve top-of- the-market value.” Dougherty, along with Dean Zang and Mark Taylor , both senior vice presidents invest- ments in the firm’s Washing- ton, D.C. and Philadelphia of- fices, respectively, represented the seller, an entity related to Penguin Real Estate Investors. The team of senior agents also procured the buyer, Para- mount Realty of Lakewood, N.J., which has been active in the Pennsylvania market. Brenton Baskin , regional manager of Marcus & Mil- lichap’s Philadelphia office, is the firm’s broker of record in Pennsylvania. The terms of the sale were not released, how- ever, the asking price for the enitre portfolio was in excess of $33 million. Quarry Crossings, anchored by LA Fitness, consists of mul- tiple tenants, including Buffalo Wild Wings, Olive Garden, AAA Mid-Atlantic, and an undeveloped retail pad. “The undeveloped pad pro- vided a value-add opportu- nity,” notes Zang. “Through our collaborative, nationwide platform, we were able to use this opportunity to attract local, regional, and national buyers.” Restaurant Row is a group of properties that serves as an outparcel to the area’s Walmart Supercenter, Lowe’s and part of the greater prop- P
Maggiano’s Little Italy
continues to occur at Metro Centre at Owings Mills and The View at Mill Run apart- ments, which are both located in the immediate vicinity. Ow- ings Mills New Town is also less than two miles away,” said Danielle Beyrodt , VP of Hill Management Services. “This site is also benefitted by its position at the intersection of Dolfield Boulevard.” n
OwingsMills, MD— Hill Management Services, Inc. has unveiled plans for Red Run Station, a new 10,368 s/f retail center positioned on 11050 Red Run Blvd. in the Owings Mills section of Baltimore County. “Our research shows this section of Baltimore County as an emerging retail corri- dor, especially considering the strong residential activity that
Quarry Crossings
erty initially developed by O’Neill Properties called Ho- rizon Corporate Center. The portfolio includes Cracker Barrel, Wendy’s, Red Robin,
Bertucci’s and Wells Fargo. “It’s rare that we find a tenant mix this strong in a core market trade,” concludes Dougherty. n
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Stine and Rohrbaugh represent the landlord in Village Green Shopping Center Bennett Williams Commercial arranges retail leases totaling 14,837 s/f in Central Pennsylvania Y
taurant dba Dickey’s Barbecue leased the property from Cone- wago North Ridge Partners, LP. Karen Neiderer, Chad Stine and Brad Rohrbaugh of Bennett Williams Commer- cial represented the tenant in the transaction. 5,240 s/f retail space at Vil- lage Green Shopping Center, 2300 E. Market St., Springetts- bury Twp., YorkCounty. Smiles Art pc leased the property from 2300 East Market Street, LP. Stine and Rohrbaugh rep- resented the landlord in the transaction. 1,798 s/f retail space at 4000 Union Deposit Rd., Lower
Paxton Twp., Dauphin County. Spring Communication Hold- ings, Inc. dba AT&T leased the property from Hotcakes Har- risburg Venture, LLC. Stine and Rohrbaugh represented the tenant and Gary Russell of Bennett Williams Commer- cial represented the landlord in the transaction. 1,320 s/f retail space at Hartzdale Plaza, 3300 Hartz- dale Dr., Lower Allen Twp., Cumberland County. iCell Re- pair leased the property from KosKap Partners. Justin Wil- lits of Bennett Williams Com- mercial represented the tenant and Stine and Rohrbaugh represented the landlord in the transaction. 1,229 s/f retail space at Do- negal Square, 2256 Huber Dr., Rapho Twp., Lancaster County. Tuan Tran dba Creative Nails leased the property fromMt Joy Partners, LP. Stine, Rohrbaugh and Abe Khan of Bennett Wil- liams Commercial represented both the tenant and the land- lord in the transaction. 950 s/f retail space at 191 Ridgeview Rd. S., Mt. Joy Twp. Udder Bliss Creamery leased the property from Sweigart Partnership. Karen Neiderer of Bennett Williams Commer- cial represented the tenant and Stine, Rohrbaugh and Khan represented the landlord in the transaction. 1,100 s/f retail space at Vil- lage Green Shopping Center, 2300 E. Market St., Spring- ettsbury Twp., York County. Chartwell Staffing Services, Inc. leased the property from 2300 East Market Street, LP. Stine, Rohrbaugh and Khan represented the tenant and Stine and Rohrbaugh rep- resented the landlord in the transaction. n Markward Group completes 5,500 s/f flex space Allentown , PA — Markward Group completed the lease of 5,500 s/f of flex space in Merchants Square at 1901 S. 12th St, Allentown. New tenant Mecca Books specializes in religious books. They provide books direct to customers, as well as being ex- clusive distributor of hundreds of titles. Associate brokers Amy Haw- ley and Ann Kline represent- ed both parties in this transac- tion. The complex is owned by Roche Partnership LLP. n
ORK, PA — Bennett Williams Commer- cial has arranged the sale/lease of the following transactions: 1,200 s/f retail space at Fox- shire Plaza, 1921 Fruitville Pike, Manheim Twp., Lan- caster County. We File Inc. dba Liberty Tax Service leased the property from Foxshire, LLP. Tom Troccoli of Bennett Wil- liams Commercial represented both the tenant and the land- lord in the transaction. 2,000 s/f retail space at Gate- way Hanover Shopping Center, 1301 Carlisle St., Penn Twp., York County. Triple D Res-
Donegal Square
Real Estate Journal — Shopping Centers — ICSC Mid-Atlantic Conference & Deal Making — February 26 - March 10, 2016 — 7A
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S hopping C enters The Perenne collection features clean lines, natural proportions, and slim profiles Victor Stanley, a leader in quality site furnishings, helps bring visions to life
N ew designs from Victor Stanley! Designed, engineered, and manufactured with the same attention to detail, quality, and durability that the design community has come to expect from Victor Stanley. The Pe- renne collection features clean lines, natural proportions, and slim profiles. Our newest addi- tion, the Sage side-door litter re- ceptacle (patent pending), joins contemporary and functional de- sign with enduring strength. We engineered Sage to withstand flexing and distortion inherent in perforated sheet metal while keeping the design serviceable, long lasting, and attractive. Sage features a full interior steel frame, strong exterior panels formed from 11-gauge steel nest- ed in solid-steel frames, and our signature friction-eliminating hinges. The side door’s hinges incorporate stainless-steel pins and oil-impregnated bronze bushings, eliminating friction and maximizing the lifespan of the product. Available in 36-gal (136 L) or 45-gal (170 L) capaci- ties or as a recycling station with two 36-gal (136 L) or two 45-gal (170 L) liners. The Perenne collection bench- es, Freesia and Lily (patented), embody elements in nature and classical settee furniture design while remaining open and func- tional. It’s just one more way Victor Stanley helps you create the perfect setting for timeless moments. Freesia and Lily are now available with a perforated steel seat. They are available in 4 or 6 ft (1.2 or 1.8 m) lengths. Check individual product pages for availability and options. After years of development we now have the capacity to produce Custom Steelsites™ Collection Benches, with or without backs, in fixed radii, concentric radii, and even the classic moving elegance of the French curve, while maintain- ing the proper ergonomic pitch of a contoured seating surface with unparalleled precision, value, and flexibility. The new AP-22 from our Anthro Sites™ collection features a genuine Ipe wood slat surface. It is an enormously versatile amenity, performing alone as a backless bench or easily arranged with other seating to function as a coffee table. A fully welded steel skirt surrounds the slats provid- ing a durable integral frame and delicate finish detail. Create a Timeless Moment ® The Impossible Made Possible
Victor Stanley, a leader in quality site furnishings, helps you bring your visions to life. From benches and litter recep- tacles to bike racks and plant- ers, we meticulously design, engineer, and manufacture every detail to ensure our site furnishings will withstand the test of time. Founded over 50 years ago, we help create a place for people to gather, live life, and make timeless moments. n Sage Litter Receptacle (patents pending). Freesia Bench (US Patents D710,624 S; D710,626 S; D711,175 S; D726,473 S; D726,474 S; D727,669 S. Canada Reg. Des. 152499; 153910; 153911).
Sage Litter Receptacle and Freesia Bench
Steelsites ™ Curved Bench. Anthro Sites ™ Multi-purpose Table &Bench
Bistro Tables: US Patent D724,872 S; Canada 153591. Umbrella not included. Bistro Seats with backs.
Girls’ ni ght out s ince 1962. For over 50 years, Victor Stanley has designed, engineered, and manufactured timeless site furnishings so you can bring communities to life. Our Steelsites ™ bistro tables + seats are a modern take on the traditional small group table and seats, requiring minimal space while maximizing utility. Available in two heights and diameters with solid or perforated tabletops, you can dress them up in funky colors, or color match them to blend with the surroundings in your site.
V I C T O R S T A N L E Y . C O M
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8A — February 26 - March 10, 2016 — ICSC Mid-Atlantic Conference & Deal Making — Shopping Centers — M id A tlantic
Real Estate Journal www.marejournal.com
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Equity Retail Brokers represents Starbucks
AYWOOD, NJ — CBRE FAMECO , the retail division of Danielle Brunelli of RJ Brunelli & Co reps. lessee Winters of CBRE FAMECO secures full-building lease M represented Dollar Tree.
mile radius. Its location offers immediate proximity to Rtes. 17, 4 and 46, as well as to I-80. CBRE FAMECO, which was formed when CBRE acquired FAMECO Real Estate in 2013, specializes in the shopping center industry and retail real estate services while utilizing CBRE’s global real estate plat- form. CBRE FAMECO’s servic- es focus on retailer representa- tion, owner representation, as- set and property management, and investment sales. CBRE is aggressively growing its retail services group throughout its platform. n
“The owner of 125 Essex Street was seeking a full-build- ing, national tenant,” said Winters. “By securing this lease with Dollar Tree, a national credit tenant in a timely fash- ion, we were able to efficiently meet and exceed all of the owner’s expectations.” 125 Essex St. is located in the heart of Bergen County – one of northern NJ’s most active, dynamic retail hubs. The prop- erty offers convenient access to the more than 600,000 people living and nearly 300,000 em- ployees working within a five-
CBRE Group Inc. has se- cured a long t e rm l eas e with Dollar Tree to fully occupy 125 Essex St. in M a y w o o d , a 10,974 s/f building.
Conshohocken, PA — Rich Zeller , Rob Samtmann and Brian Wherty of Equity Retail Brokers recently repre- sented Starbucks in leasing two locations with a total of 3,976 s/f on the Main Line in PA. Ze l l er , Samtmann and Wherty represented Starbucks in leasing 1,760 s/f in a Whole Foods anchored development
Larken Associates’ Tilghman Square shopping center is now 100% leased ALLENTOWN, PA — Since purchasing Tilghman Square Shopping Center in 2009, Larken Associates’ renovations, reasonable leas- ing rates, and marketing acumen have turned the area eyesore into an appealing lo- cation for well-known brands. Tesla has opened a Super- charger station that includes eight charging stalls for Mod- el S and Model X owners free of charge. Tilghman Square Shopping Center was chosen for its location as a midway stop between New York City and the Harrisburg corridor,” said Victor Kelly , executive vice president of Larken As- sociates “We are excited to welcome Tesla Motors to our shopping center”. “Larken’s attention to aes- thetic detail is the icing on the cake for retailers,” said Derek Zerfass, Senior Vice President, Allentown Retail Division for Colliers Interna- tional. “Its willingness to be realistic about rental rates, flexible on leasing deals, and its knowledge of the market have definitely made this property easy to lease.” n in Wynnewood, PA. The store opened in January 2016. In ad- dition, a 2,216 s/f store opened in Villanova Center, a shopping center located between Rte. 476 and Villanova University on the Main Line. It is part of a newly constructed 32,000 s/f two-story retail/office building. Over the past five years, Equity Retail Brokers has as- sisted Starbucks in opening five locations across the Main Line. Equity Retail Brokers currently represents Starbucks in Southeastern Pennsylvania, Southern New Jersey and Delaware. The Starbucks story began in 1971 with a single store in Seattle’s Pike Place Market. Today, Starbucks has more than 21,000 store in over 65 countries, serving the best cof- fee possible, one cup and one neighborhood at a time. n
Steven Winters
Steven Winters of CBRE FAMECO represented the land- lord, while Danielle Brunelli of RJ Brunelli & Co Inc.
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Real Estate Journal — Shopping Centers — ICSC Mid-Atlantic Conference & Deal Making — February 26 - March 10, 2016 — 9A
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10A — February 26 - March 10, 2016 — ICSC Mid-Atlantic Conference & Deal Making — Shopping Centers — M id A tlantic
Real Estate Journal www.marejournal.com
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18+ Million Square Feet
NEW YORK Glenville (Albany) Target Shopping Center Saratoga Rd. (Route 50) & Glenridge Rd. ±170,616 SF GLA In-Line Space Available
PENNSYLVANIA Quakertown at Richland Marketplace Rt. 309 & Pumping Station Road
northeast
MASSACHUSETTS Billerica Shops at Billerica
BJ’s Wholesale Club, Target, Best Buy 444,531 SF GLA / New Anchor Space Trexlertown Macungie Crossing Shopping Center Hamilton Blvd. (Route 222) & Grange Rd. Future Strip and Pads
Lake Ronkonkoma Lake Shore Plaza II Portion Rd. (CR 16) & Patchogue-Holbrook Rd. Regal Cinemas, Dollar Tree 96,290 SF GLA Latham (Colonie)
Boston Rd. (Rte. 3A) & Tower Farm Rd. Kmart, Burlington Coat, Market Basket 298,411 SF GLA In-Line Space Available Lowell Meadow Brook Center Plain Street & Lowell Connector Target, Marshalls, Chuck E. Cheese 271,377 SF GLA / Pad Site Available Milford Milford Crossing Medway St. & Beaver St. @ I-495 New Anchor Opportunities 146,770 SF GLA Future Expansion Space Available NEW JERSEY Hanover Future Development Hanover Ave. near Horsehill Rd. Leasing Pads & In-Line Space Evesham (Marlton) Shoppes at Renaissance Square Route 70 & N. Locust Avenue 176,519 SF GLA Plus Luxury Rental Homes Major Redevelopment Underway Marlton Marlton Plaza State Highway 73 & Sunbird Drive New Development Coming Spring 2016 26,016 SF GLA Mount Olive Vacant Land - 16.963 Acres Adjacent to Foreign Trade Zone Across from Walmart, Sam’s, TJ Maxx Vineland Vineland Marketplace / Kmart Plaza S. Delsea Dr. (Route 47) & College Dr. Future Development Anchor Space / Outlots Available Williamstown Williamstown Shopping Center Black Horse Pike (Route 42) & Main St. CVS, Dollar General 95,802 SF GLA Anchor Space Available NEW YORK Cortland Future Development Route 13 & Bennie Road 26 Acres across from Walmart NEW NEW
midwest
ILLINOIS Downers Grove
Freestanding Building Route 7 & Swatling Rd. 118,863 SF GLA Anchor & Outlot Available Monroe/Woodbury Harriman Commons Routes 17 / 6 & Route 32 Walmart, Home Depot, BJ’s, Target 687,724 SF GLA Future Phase III Office or Retail Nanuet Home Depot Plaza Route 59 & Hutton Ave. Home Depot, Staples / 276,792 SF GLA In-Line Space Available Orangetown Orangeburg Commons Route 303 & Palisades Parkway Super Stop & Shop Future Strip, Pads Available Stony Point Stony Ridge Plaza Route 9W & Park Rd. US Post Office / 21,212 SF GLA Southampton The Mill Montauk Hwy. (Rte. 27) & Station Rd. Prime for Specialty Foods & Boutiques PENNSYLVANIA Allentown Home Depot Plaza Lehigh St. & Route 78 134,271 SF GLA 9.82 Acres Available Carlisle Home Depot Shopping Center Hanover Street (Route 34) & I-81 Home Depot, Chili’s / 140,715 SF GLA 10,584 SF Future Expansion/Pad Montgomeryville Five Points Plaza Cowpath / Horsham Rd. at Rte. 309 & Rte 202 BJ's, Lowe's / Anchor Space Available 133,000 SF GLA UPDATED NEW
Marshall’s at The Grove 75th St. & Lemont Rd. 400,000 SF GLA Anchor Space Available 43,264 SF INDIANA Evansville
Evansville Shopping Center Morgan Ave. & Boeke Rd. Rural King, Dollar General / 153,000 SF GLA Indianapolis Pendleton Plaza Pendleton Pike & Shadeland Ave. Rose's Department Store / 134,797 SF GLA Anchor Space & Outlots Available Warsaw The Market Place at Warsaw U.S. Hwy. #30 & Water St. Carson's Dept. Store, Sears, Dunham's, Pier 1 180,000 SF GLA MICHIGAN Flint (Former) Kmart Shopping Center Dort Hwy. (Rte. 54) & Atherton Hwy. 92,691 SF GLA Livonia Office Depot Plaza Plymouth Rd. & Middlebelt Rd. Office Depot, Party City, Walgreens 108,820 SF GLA Muskegon Muskegon Shopping Center Henry St. & Norton Ave. 187,000 SF GLA Anchor Space Available Port Huron Howard St. & 24th St. Big Lots, Save-A-Lot, Family Dollar 118,000 SF GLA Redford Redford Plaza Plymouth Rd. & Inkster Rd. CVS, Planet Fitness 114,865 SF GLA / Anchor Opportunity
UPDATED
Thomas G. Mirandi 212.265.6600 x239 tmirandi@rdmanagement.com Fax: 212.459.9133
Real Estate Journal — Shopping Centers — ICSC Mid-Atlantic Conference & Deal Making — February 26 - March 10, 2016 — 11A
www.marejournal.com
M id A tlantic
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200+ Properties
MICHIGAN Southgate Fort St. & Burns Ave. Vacant Land – 9.37 Acres MINNESOTA St. Paul Midway Shopping Center University Ave. & Snelling Ave. Rainbow Foods, Office Max, Walgreens 293,732 SF GLA OHIO Ashtabula Home Depot Plaza Route 20 (N. Ridge Rd.) & Orchard Rd. 148,440 SF GLA In-Line, Future Expansion & Pad Columbus Great Western Commerce Center No. Wilson Rd. & Valleyview Dr. at Broad St. Great Western Academy, Restaurant Depot 300,254 SF GLA Mixed Use Commercial Space Holland (Toledo) Spring Meadows Place II Airport Hwy. & I-475 Dick’s, Best Buy & Expansion Space Oregon (Toledo) Vacant Land – 4.645 Acres Dustin Rd. & Isaac Street Dr. 1 block So. of Navarre Ave. (Rte. 2) & Kmart UPDATED ALABAMA Huntsville Redevelopment Opportunity South Memorial Parkway & Drake Ave. SW 104,000 SF on 8.03 Acres FLORIDA Fern Park Fern Park Plaza Semoran Blvd. (Hwy. 436) & Hwy. 17/921 Ross, Beall's Outlet, Aldi, Dollar Tree 131,646 SF GLA Fern Park Future Shopping Center 26 Acre Jai Alai Redevelopment Site 6405 Hwy. 17/92 & Fernwood Blvd. Gainesville Mixed Use Development NW 13th St & University Avenue 26,000 SF Ground Floor Retail 312,498 SF Mixed Use 6-Story Bldg. Lakeland The Groves US Hwy 98 N & Lakeland Park Center Drive Adjacent to Lakeland Square Mall 54,434 SF GLA plus 5.8 Acres for B-T-S NEW NEW NEW NEW south
FLORIDA N. Fort Myers, FL Merchants Crossing US Hwy 41 & SR 78
VIRGINIA Winchester Winchester Plaza
NEW
UPDATED
S. Pleasant Valley Rd. & E. Jubal Early Dr. Dick’s Sporting Goods, The Fresh Market, Planet Fitness / ±90,000 SF GLA WEST VIRGINIA St. Albans St. Albans Shopping Center Route 60 & MacCorkle Ave. SW Kmart, Super Kroger, Goody’s, CVS 263,323 SF GLA ARIZONA Phoenix Freestanding Barnes & Noble 1035 N. Metro Pkwy. West & 28th Dr. Adjacent to Metro Center Mall 19,360 SF on 1.48 Acres NEVADA Las Vegas Kmart Plaza E. Sahara Ave. & McLeod Dr. 127,754 SF GLA Anchor Space & Pad Available Las Vegas Kmart at Sunset Plaza 3780 E. Sunset Rd. & S. Sandhill Rd. Kmart / 86,479 SF GLA OREGON Salem Kmart Shopping Center Mission Street S. E. & 25th St. 116,866 SF GLA UTAH Salt Lake City west
Beall’s Outlet, AMC Theatres, JoAnn Fabrics, Dollar General 323,061 SF GLA Ocala
NEW
Shady Oaks Shopping Center SW 27th Ave & College Rd Burlington Coat Factory, Best Buy, Staples, JoAnn Fabrics / 260,419 SF GLA Sanford Seminole Centre S Orlando Dr. (Hwy. 17/92) & Lake Mary Blvd. Walmart Supercenter, Ross, Aldi 370,936 SF GLA Tampa University Mall E. Fowler Ave. & Bruce B. Downs Blvd. / N. 30th St. Macy’s, Sears, Dillard’s, Burlington Coat Factory Anchor Space, Outlots & Redevelopment Opportunities / 675,294 SF GLA KENTUCKY Ashland Russell Centre Route 23 & Diederich Blvd. Lowe’s, Super Kroger 257,761 SF GLA / In-line Space & Outlot Potomac Ave. (Route 60) & Northern Ave. CVS, PA Dutch Market / 164,293 SF GLA Anchor Space & Pad Available Randallstown Brenbrook Plaza Liberty Rd. & Brenbrook Dr. Home Depot / 146,586 SF GLA TENNESSEE Nashville Marketplace at Rivergate Gallatin Pike (Hwy. 31-E) & Conference Dr. Harbor Freight Tools, The Avenue 111,463 SF GLA TEXAS Ft. Worth Westcliff Shopping Center Albertson’s Market, Dollar General Alton Rd. & Biddison St. / 136,221 SF GLA VIRGINIA Richmond Food Lion Plaza Rte. 1 (Jefferson Davis Hwy.) & Chippenham Pky. 4.97 Acres & 5.23 Acres Available NEW NEW UPDATED MARYLAND Hagerstown Long Meadow Shopping Center
410 S. 900 E. & 400 S. Freestanding Office Max Future Redevelopment
puerto rico
PUERTO RICO Arecibo Arecibo Towne Center Routes 2 & 22 Future Development Anchor Position & Outlots Available Ponce Reina del Sur; Outlots at Ponce Towne Center II Rtes. #2 & Baramaya Ave. (Rte. 10) @ PR-52 Walmart Supercenter, Home Depot New Development & Pads ± 525,000 SF GLA
Thomas G. Mirandi 212.265.6600 x239 tmirandi@rdmanagement.com Fax: 212.459.9133
12A — February 26 - March 10, 2016 — ICSC Mid-Atlantic Conference & Deal Making — Shopping Centers — M id A tlantic
Real Estate Journal www.marejournal.com
S hopping C enters
Greysteel arranges sale of Federal Hill Station
Largest privately-owned gas station sold KW Commercial, The Daniel Perich Group facilitates sale S
TROUDSBURG, PA — KW Commercial, The Daniel Perich Group has closed on the sale of the largest privately-owned gas station in Monroe County. George Vlamis, CNE and Daniel Perich, CCIM both of KW Commercial, The Daniel Perich Group represented the transaction. Quick Stop Sunoco, located at 4998 Milford Rd., East Stroudsburg, is an 8 pump/16 hose gas stationwith a 5,000+/- s/f convenience store. The property is located near the Crossings at Marshalls Creek, Plymouth Meeting, PA — MSC Retai l, along with Samuels & Company, Inc. , jointly announced a lease transaction with LEGO- LAND Discovery Center, an indoor family attraction con- cept developed by Merlin En- tertainments plc (Merlin), at Plymouth Meeting Mall in Plymouth Meeting. The new location will occupy 33,000 s/f at the mall, where construc- tion will begin in summer 2016 with a grand opening projected for Spring 2017. LEGOLAND Di scovery Centers offer creative rec- reational activities derived from the traditional LEGO products, suited for children ages 3 to 10. The Plymouth Harrisburg, PA — Colliers International in Harrisburg represented both owner and tenant in the suc- cessful conclusion of a 4,400 s/f lease transaction at 110 N Second St. in Harrisburg.
Federal Hill Station
Quick Stop Sunoco
Baltimore, MD — Greysteel’s Mid-Atlantic retail investment sales team led by Gil Neuman has ar- ranged the sale of Federal Hill Station, an 11,450 s/f ur- ban retail building located at 1024-1030 Light St. in historic Federal Hill, Baltimore. The Property is 100% triple-net leased to Blue Moon Café at its expanded second downtown location, 130-seat Indian and Nepalese restaurant Hima- layan Bistro, and national chain Yoga Works. Greysteel served as advisor and agent to the seller, KL Light Street BROOKLYN, NY — Aca- dia Realty Trust and Wash- ington Square Partners , co-developers of City Point, announced that Fortina, the brainchild of chef, Christian Petroni, has signed a 15- year, 4,612 s/f lease to bring “straight forward Italian food” to the 1.8 million s/f, mixed- use destination in Downtown Brooklyn. Slated to open in the Fall of 2016, Fortina will be housed alongside DeKalb Market Hall, Brooklyn’s larg- est food destination, to serve residents, Downtown Brook- lyn’s workforce and visitors to the neighborhood. Fortina, with locations in Rye and Armonk, New York and Stamford, Connecticut, was inspired by Petroni’s childhood visits to Arthur Ave. as well as his trips to Italy and Spain. “Christian and Fortina em- body the spirit of what we’re trying to accomplish with City Point’s food component,” said Paul Travis , managing part- ner of Washington Square Partners. “When Fortina opens its doors, the restaurant is go- ing to provide people in Down- town Brooklyn, an area that is chomping at the bit for authen- tic, chef-driven restaurants.” Fortina will be located with- in the 60,000 s/f concourse-
LLC, and procured the buyer, Conflux Light Street LLC. Greysteel prior represented a different seller of nearby Shops at Federal Hill at 1100 Light St. with Unleashed by Petco and Dunkin’ Donuts. “Like our last Federal Hill sale the partners created value through repositioning a histor- ic property with new long-term triple-net tenants” said Gil Neuman, managing director. He added “The all-cash buyers acquired irreplaceable urban real estate in a dense highly coveted commercial area. We congratulate both parties.” n level space that will also house DeKalb Market Hall (30,000 s/f) and Trader Joe’s (18,000 s/f). Fortina’s 4,612 s/f space will feature a full-bar and two wood-burning ovens churn- ing out Petroni’s famed Luigi Bianco black truffle pizza pie, fried meatballs and Burrata, among many other selections. “We want Fortina to feel like home, a place where you can come with family and friends and enjoy laid back Italian cooking. City Point allows Fortina to be introduced to a new audience, the thousands of Downtown Brooklyn resi- dents who have been craving not only a place like Fortina, but an entertainment and shopping destination.” said Petroni. “I think people in the neighborhood will respect our authenticity and the love we put into the food we cook. I know my customers on a first name basis, I want them to come back time-and-time again, and that meshes with City Point’s philosophy – for us, this was a no-brainer.” Laurence Roberts , prin- cipal of Arch Brokerage , a boutique real estate firm and affiliate of Washington Square Partners represented Fortina; the landlord, Albee Develop- ment , was not represented. n
which includes Price Chopper and other retail stores. “We are very happy to have brought such a complex trans-
action to a successful finish. We wish the new owner con- tinued success,” Dan Perich said. n
MSCRetail and Samuels &Co. bring family attraction to Plymouth Meeting Mall
Meeting location, like other LEGOLAND Discovery Cen- ters, will include an original MINILAND exhibit which will be a unique display of the iconic landmarks in downtown Philadelphia. “As the only LEGOLAND Discovery Center in the re- gion, it was very important to select a location that had ex- ceptional accessibility to major highways and growing subur- ban markets, situated within an attractive leisure lifestyle environment,” said Michael Salove , president and CEO of MSC Retail. Salove and Dana Zamparelli , retail guru at MSC Retail, are the exclu- sive leasing specialists in the Greater Philadelphia Region The former restaurant site, located in downtown Har- risburg along “restaurant row” will be converted to an Indian grille concept, pri- vately owned and managed by Maa Annapurna, LLC. brands. Departments found in a Dollar Tree store include health and beauty, food and snacks, party, seasonal décor, house- wares, glassware, dinnerware, household cleaning supplies, candy, toys, gifts, gift bags and wrap, stationery, craft supplies, teaching supplies, automotive, electronics, pet supplies, and books. Most Dollar Tree stores also sell frozen foods and dairy items such as milk, eggs, pizza, ice cream, frozen dinners, and pre-made baked goods. In a second transaction, Hutchinson, tenant represen- tative of Fallas, worked with
for Merlin’s national advisor, Samuels & Company, Inc. “LEGOLAND Discovery Center will stimulate Phila- delphia’s growing experiential retail market, especially at Plymouth Meeting Mall, offer- ing a new opportunity for fam- ily fun and learning, as they have done elsewhere,” said Howard Samuels , president of Samuels & Company, Inc. LEGOLANDDiscovery Cen- ter will join a variety of retail- ers, including Macy’s, Orvis, J. Crew Factory, AMC Theatres, Dave & Buster’s, Whole Foods Market, and California Pizza Kitchen at Plymouth Meeting Mall, which is owned and oper- ated by Pennsylvania Real Estate Investment Trust . n The property owner is Sand- ton Capital. Larry Kostelac, William Aiello, George Lulos of Col- liers International, were the sole brokers in this transac- tion. n Angelo Pappas also of Char- ter Realty and Greg Lurie of Creative Realty to secure a lease for a 25,600 s/f location in Springfield Plaza 1225-1395 Liberty St.Springfield, MA. Fallas stores offer a wide se- lection of quality brand names and private label clothing for men, women, boys, girls, ju- niors, toddlers and infants. Along with clothing Fallas stores also offer a wide selec- tion of lingerie, shoes and home décor. Carol Hutchinson has been with Charter Realty Since 2011. n
Acadia Realty Trust announces 4,612 s/f lease in City Point
Harrisburg’s Colliers International concludes 4,400 s/f lease
Charter Realty &Development Corp. brokers Dollar Tree lease Hartford, CT — Char- ter Realty & Development Corp. announced, that Carol Hutchinson , broker of Dollar Tree, has secured a lease for a 13,274 s/f location at 10 School St. in East Hartford.
Dollar Tree, Inc. is an Ameri- can chain of discount variety stores that sells items for $1 or less. A Fortune 500 company, Dollar Tree is operates more than 4,900 stores through- out the 48 contiguous United States and Canada. Each Dol- lar Tree stocks a variety of products including national, regional, and private-label
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