10D — March 2023 — The Best of 2022 — M id A tlantic Real Estate Journal
The LARGEST RETAIL LEASE of 2022 NAI Summit The Shops at Bethlehem Bethlehem, PA Bennett Williams East Park Center Harrisburg, PA
Levin Management Corporation Blue Star Shopping Center Watchung, NJ
Size: 52,767 SF Brokers: Brad Rohrbaugh, Chad Stine, & Dave Nicholson
Brokers: Jennifer Kennedy and Sarah Finney Miller
A 72,000 SF anchor lease by ShopRite marked the start of a new chapter for Blue Star Shopping Center. ShopRite has been a Blue Star tenant since 1980. As the property’s managing and leasing agent, LMC is taking major steps to redevelop, renovate and re-tenant the 420,000 SF retail property; the firm’s in-house construction team is serving as construction manager for the ground-up development of the brand-new, larger ShopRite store and full property update. Located on Route 22, Blue Star Shopping Center is a preeminent Somerset County shopping destination that houses an outstanding lineup of retailers, restaurants and service providers.
The NAI Summit brokerage team successfully negotiated a lease with Dave’s Department Store to occupy 18,773 SF within The Shops at Bethlehem, a neighborhood shopping center. This is the second location for Dave’s Department Store, seller of home goods and furniture in the Lehigh Valley region. The Shops at Bethlehem was acquired by Glen Una Investments in Q1 2020. The new ownership has completed extensive renovations and improvements to the center.
East Park Center is a Home Depot anchored shopping center located on Derry Street in the Harrisburg market of Dauphin County, Pennsylvania. Urban Air will soon be joining the Center’s other national co-tenants such as PetSmart, Sherwin Williams, and Papa John’s, just to name a few.
The LARGEST RETAIL SALE of 2022
JLL Capital Markets Deptford Landing Deptford, NJ
Greysteel 46321 McClellan Way Sterling, VA
Bennett Williams Gateway Hanover Hanover, PA
Brokers: Jose Cruz, Chris Munley, Steve Simonelli, J.B. Bruno, Jim Galbally and Colin Behr Deptford Landing, a fully leased, 517,096 SF retail power center anchored by a global discount department store and its related membership-only retail warehouse club in the South New Jersey community of Deptford, New Jersey. Deptford Landing’s high-performing tenant lineup is dominated by national tenants, including the one of the world’s largest retailers as anchor tenants along with DSW, Michaels, Five Below, PetSmart, Raymour’s Furniture, The Mattress Factory, Hand & Stone, Carter’s, Five Guys, Great Clips, Chipotle and National Vision.
Brokers: Brad Rohrbaugh, Chad Stine, Ryan Myers, & Dave Nicholson An investment sale at 41-191 Wilson Avenue in Hanover, Pennsylvania, which is the 2nd most visited shopping center in a 15-mile radius. The shadow anchored power retail shopping center totals 192,774 SFand includes national co-tenants such as Old Navy, Hobby Lobby, Hair Cuttery, Sweet Frog, and Edward Jones, just to name a few. Bennett Williams’ agents represented both the Buying and Selling side of this transaction.
Broker: Lance Ahmadian 46321 McClellan Way is a 3.3-acre redevelopment site just north of Route 7 in Sterling, Virginia. It has currently improved with a restaurant, with a flat grade, lake views, and utility service in place. This property is an excellent demographic with proximity to Washington, D.C., and the Federal Government. In the future, there is an opportunity to assemble with neighboring parcels for a substantially larger project.
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