10C — November 27 - December 10, 2015 — Shopping Centers — M id A tlantic
Real Estate Journal
www.marejournal.com
S hopping C enters
William Farkas of Jeffrey Realty Group represents Regal Cinemas Resurging Hamilton, NJ shopping center signs Regal Cinemas as anchor tenant H AMILTON, NJ — Coming soon to a re- surgent Independence I-295 on South Broad St. in Hamilton.
The Regal opening is sched- uled for some time in 2016. Other new tenants sched- uled to open this winter in- clude Ollie’s Bargain Outlet (35,000 s/f), Save-A-Lot Su- permarket (16,000 s/f) and Crunch Fitness (22,000 s/f). They will join current tenants Dollar Tree, Rainbow Shops, Santander Bank, Subway, and Wendy’s among others, bringing the total leased space to 162,500 s/f or 65% of the 250,000 s/f property. IP Associates, a partner- ship between JJ Operating
Plaza in Hamilton NJ, Mercer County: a state-of-the-art 12-screen digital movie the- ater with luxury seating. IP Associates, LLC , the property’s new owners, an- nounced they have signed Regal Entertainment Group, a motion picture exhibitor, to become the shopping center’s new anchor tenant. This lease announcement caps an eight month turnaround leasing campaign that netted 115,000 s/f of new leases for the rede- veloped shopping center off
Regal Cinemas rendering
Marty Lastner ty Lastner senior vice p r e s i d e n t and portfolio manager of retail. Last- n e r j o i n s Colliers’ as the firm’s re- tail property management portfolio contin- ues to grow. “We’re expanding our reach in retail property manage- ment, adding dozens of new buildings and 1 million s/f to our portfolio, so we welcome Marty who brings decades of experience managing com- mercial properties,” said Tim Hearn , CEO of Colliers | Baltimore. Prior to joining Colliers, Lastner was partner at Cross Street Partners in Baltimore. Lastner,who has 30 years of experience in real estate management, is a member of the International Council of Shopping Centers. n COLUMBIA, MD — Col- liers International in the Baltimore region named Mar- Colliers|Baltimore names Lastner SVP of retail Inc. and Houlihan Parnes acquired the property late last year through a foreclo- sure sale. The group was able to obtain title in January of this year. The partners plan to spend $5-million in capital improvements as they work to reinvigorate a shopping center, which for many years was the economic hub of South Broad St. Regal Cinemas was repre- sented in the transaction by William Farkas of Jeffrey Realty Group . n
PLAZA 2465 S Broad Street Hamilton, NJ 08610 Mercer County INDEPENDENCE
250,000 SF Shopping Center Available Space from 1,500-25,000 SF
For More Information: Joe Jemal & Sam Jemal P: (212) 239-8580 | E: Info@jjop.com
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