14C — November 27 - December 10, 2015 — Shopping Centers — M id A tlantic
Real Estate Journal
www.marejournal.com
S hopping C enters
Two locations under construction with planned openings in 2016 Metro Commercial secures two locations in Philadelphia for Target’s smaller store format P sion of the traditional Target store format.
HILADELPHIA, PA — Metro Commer- cial Real Estate, Inc. recently brokered two first- of-its kind deals for Target in Center City, Philadelphia. Tom Londres and Steve Niggeman , both principals at Metro Commercial, represent- ed Target in the transactions. The two locations, 1900 Chestnut (+/- 23,000 s/f site being developed by Pearl Properties ) and 1112 Chest- nut (+/- 22,000 s/f site being developed by The Brick- stone Companies ) will be configured in a smaller ver-
While slightly different in appearance, Target repre- sentatives ensure “guests can walk into a Target store of any shape or size and find great merchandise, helpful team members, clean, bright aisles and incredible value.” The merchandise assort- ment and services in these locations will offer quick-trip guests items focused on imme- diate use vs. stocking up, as of- fered in the larger format Tar- get stores. Assortments will include smaller pack sizes and
Target interior
items geared toward instant consumption, like grab-and-go sandwiches and fresh food, but will also include merchandise not found at other quick-trip stores including a curated as- sortment of items in home and electronics. Both locations are current- ly under construction with planned openings in 2016. n NAI Hanson inks 11,100 s/f lease RAMSEY, NJ — NAI James E. Hanson announced it has brokered a long-term lease deal with Ramsey Fine Food Inc. for 11,100 s/f of retail space at 465 North Franklin Turnpike in Ramsey. NAI Hanson’s Ronald Fotiu rep- resented the landlord, Impruv LLC in the transaction. Gary Sauerborn of NAI Hanson represented the tenant. Ramsey Fine Food Inc. will occupy the freestanding, 15,000 s/f space. The company is relocating from its previous 3,000 s/f Route 17 location. The ideal location for their market, which boasts 14-foot ceilings and 50 parking spaces, means the growing company can increase their stock and visibility. “The NAI Hanson exclusive listing at 465 North Franklin was perfect for the company’s immediate expansion plans as it was nearby their previous location allowing them to retain their loyal customer base while building upon their already im- pressive business,” said Fotiu. n 465 North Franklin Turnpike
COMPLETED PROJECTS:
Crossroads
Howell Commons
Eatontown, NJ
Howell, NJ
Ethan Allen Marlboro, NJ
Linden Commons
TJ Maxx
Linden, NJ
Woodbridge, NJ
FEATURED PROJECTS:
Xscape Theatre
AutoZone
ShopRite
Howell, NJ
Staten Island, NY, Garwood, NJ, Little Ferry, NJ
Staten Island, NJ
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