Real Estate Journal — Shopping Centers — November 27 - December 10, 2015 — 5C
www.marejournal.com
M id A tlantic
S hopping C enters
Including the leasing of Pheasant Run Shopping Center in Warren, NJ Silbert Realty & Management Company announces major new retail assignments
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EW JERSEY — A ful ly approved, brand new mixed
nounced the appointment by long time family ownership of this unique outstanding Bernardsville real estate. The two story existing ±8,300 s/f retail building is situated on 0.42 acres, formally the “Bernardsville Audi Dealer- ship” with on-site parking and Route 202 pylon signage, affording a rare opportunity within affluent Bernardsville for a national automobile dealership or a classic rare car showroom, among other potentially suitable commer- cial uses. Pheasant Run Shopping Center, Township of War-
use redevelopment adja- cent New Jersey City Uni- versity (NJCU) in Jersey City, Hudson County, NJ : Anticipating a spring 2016 groundbreaking, this pre- mier redevelopment will be situated at the signalized intersection of NJ State High- way Route 440 & Stegman Blvd. comprising a master plan of twenty two acres of urban mixed use redevelop- ment, peripheral to NJCU. The overall development will include a proposed Shop- Rite & LA Fitness, plus a performing arts center and multi-family residential, with ground level retail. Silbert Realty & Management Co Inc. (SRM) has been ap- pointed as the marketing and leasing agent on behalf of a joint venture between affili- ates of prominent real estate organizations Claremont Properties Inc. and The Hampshire Companies , for combined Blocks 3 & 2 will afford approximately 22,000 s/f of ground level retail/com- mercial/ restaurant space with onsite and metered park- ing. Phase I (Block 3) slated for spring construction will be a five story building with 163 apartments and 10,000 s/f of ground level retail/com- mercial/ restaurant space available for lease. Estimated delivery for the commercial space is April 2017. Proposed retail pads including possible restau- rant in the Township of Roxbury, Morris County, NJ: The Profido Family Trust has hired SRM as its broker- consultant for a proposed commercial development of approximately 4 acres at the signalized intersection of Hill- side Ave. and NJ State Route 10 E., with contiguous prop- erty to the rear for possible age restricted or other multi- family housing. This rare undeveloped location may be ideal for restaurants, dry goods retail and other com- mercial uses. Development to be served with sanitary sewer and city water. Ideal for auto dealership/ showroom for lease in the Borough of Bernardsville, Somerset County, NJ: Brian S. Silbert , president and CEO of Silbert Realty & Management Co Inc. an-
Pheasant Run Shopping Center
Auto dealership; Bernardsville, NJ
ant Run Shopping Center ren- ovated in 2013 and anchored by an A&P Supermarket (soon to be ACME Supermar- ket). This prominent shopping center is substantially leased with national tenants includ-
ing Walgreens, Jersey Mikes, Moe’s Southwest Grill, Su- percuts, AT&T, Wells Fargo, among others, with substan- tial frontage along two county roads affording a significant consumer draw. n
ren, Somerset County, NJ: Indicative of its strong mar- ket presence and long stand- ing success, affiliates of The Hampshire Companies has hired SRM as its leasing agent for the 98,432 s/f Pheas-
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ICSC New York National Deal Making December 7-8, 2015 Jacob K. Javits Convention Center
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