26C — August 30 - September 12, 2013 — Shopping Centers — Mid Atlantic Real Estate Journal
www.marejournal.com
S hopping C enters
Including 11,246 s/f of special purpose space at 36 W. 11th Ave. Bennett Williams Realty brokers 1.17 acres & 33,325 s/f
Also closes sale of former bank in Phila. Goodman of Equity Retail brokers Maple Glen
Maple Glen, PA — Equity Retail Brokers agent David Goodman represented the owner in executing three lease trans- actions resulting in a fully leased Maple Glen Shop- ping Center. Three new tenants joined the grocery anchored re- tail center, completing the leasing for the 67,436 s/f property. Goodman recently repre- Columbia, MD — KBE Building Corporation (KBE) will be constructing and renovating four retail projects in Pennsylvania, Maryland, and Virginia, in- cluding a CarMax store in King of Prussia, PA, a Sever- na Park, MD Giant Foods store, St. Mary’s Place retail center in Beltsville, MD, and two stores in the Fair City Mall in Fairfax, VA. The $6.6 million, 24,718 s/f CarMax project consists of new construction for three separate buildings: an auto sales center, a service build- ing, and a car wash facility. Located on a nine-acre lot, the project is slated for com- pletion in December 2013. This will be the third CarMax facility KBE has built. The $844,000 project for Giant Foods in Severna Park consists of new décor and painting, upgraded lighting, and relocations of refrigerator cases in the total sales area. The 44,000 s/f store had been remodeled five years ago, but these upgrades are being Including retail uses give mixed-use projects a depend- able cash flow at the begin- ning of the project, making them easier to finance than standalone office or apartment buildings. Retailers are at- tracted to the project because they have a built in customer base that lives and works right next door. Of course, good planning and design are the keys to success for the Mixed-Use category and for each Mixed-Use proj- ect. Location remains the most critical element; a great mix of uses will fare poorly if it’s located without easy access to
sented a regional bank in the sale of a property located at 820 826 East Allegheny Ave. in Philadelphia. Located within the densely populated Kensington section of Philadelphia, the former 4,350 s/f bank building is situated on a corner lot of .09 acres. The property was purchased as an investment property by Philadelphia Suburban Devel- opment Corporation. n made to be consistent with the standardized décor pack- age. The project is slated for completion in August 2013. KBE has constructed numer- ous other Giant Foods and Stop & Shop supermarkets throughout the Northeast and MidAtlantic. The $1.5 million, 7,980 s/f St. Mary’s Place development is a one-story shell construc- tion for several restaurants and retail stores. The project also features traffic signal- ization, landscaping, and construction of a retaining wall. The project is slated for completion in December 2013. The $1.5 million, 14,000 s/f Fair City Mall project consists of renovations for two stores: Hallmark Gold Crown and Five Below. The renovations will occur while the shopping center remains open, and will feature new façades, as well as new floors, lights, walls, ceilings, sprin- kler system, HVAC system, and bathrooms. n mass transit, a solid road net- work and good infrastructure. Intelligent site and building design will result in a project that has uses that complement each other and become an as- set to the community. Buck Collins is Bohler Engineering’s director of client services for PA/ DE/SNJ. Bohler provides leading Civil Engineering, Environmental, Geotech- nical, Traffic and Survey- ing services for its clients throughout the Eastern United States. Bohler has been involved in numer- ous Mixed-Use projects throughout the Region. n
ORK, PA — Bennett Williams Realty, Inc. has arranged the sale/ lease of the following transac- tion: Sales: Waynesboro DPP VIII, LLC has purchased 1.17 acres of land on Anthony Highway in Quincy Twp. for the develop- ment of a Dollar General store from Julie & Roy Baker. Adam Hagerman, Chad Stine and Brad Rohrbaugh of Bennett Williams represented the buyer in the transaction. Lease: La Isla Entertainment leased 11,246 s/f of special purpose space at 36 W. 11th Ave. for three years fromLehavre Prop- erties, LLC. Stine, Rohrbaugh & Abe Khan of Bennett Wil- liams represented the landlord in the transaction. Five Guys Enterprises, LLC leased 2,450 s/f of retail space at Messina Highlands in Shrews- bury fromMessina Highlands, LP. Stine represented the ten- ant in the transaction. Eric Beck leased 1,464 s/f of retail space at 54 Carlisle Ave. for three years from Chamber- lain Properties, LLC. Stine, Rohrbaugh and Khan repre- sented both the landlord and the tenant in the transaction. Junk in the Trunk, LLC leased 480 s/f of retail space at Smith Village Shoppes at 26 N. Main St. in Jacobus for one Y Kennett Square, PA — R.J. Waters & Associ- ates, Inc. , one of Southeast Pennsylvania’s premier de- velopment, management, leasing, and brokerage firms, has arranged the following lease transactions. Carter ’s Retail, Inc has leased 3,600 s/f of retail space in the Fairfield Place Shop- ping Center and is scheduled to open in early August. R. J. Waters & Associates, Inc. negotiated the deal in conjunc- tion with Soloff Realty . R.J. Waters & Associates’ Kevin Lahn represented the land- lord in this transaction while Carter’s was represented by Owings Mills, Md — Greenberg Gibbons has an- nounced that Pier 1 Imports and Marshalls will be joining Hunt Valley Towne Centre. The new stores, which will share the space that was once
KBE Building Corporation constructing and renovating four retail projects
36 W. 11th Ave. in York, PA
the landlord, and Gary Rus- sell , also of Bennett Williams, represented the tenant in the transaction. Little Caesars leased 2,320 s/f of retail space at Shippens- burg Shopping Center located at 15 Shippensburg Shopping Center in Shippensburg for five years fromWRDShippens- burg, LP. Stine and Rohrbaugh represented the tenant in the transaction. The Couture Cakery leased 1,020 s/f of retail space at 829 State St. in State St. Plaza in Lemoyne for three years from State St. Plaza Assoc. LP. Stine, Rohrbaugh and Adam Hagerman of Bennett Wil- liams represented both the landlord and the tenant in the transaction. n lord in the transaction First Choice Bank has leased 2,600 s/f of retail space in The Lower Makefield Shop- ping Center and will open in the fourth quarter of 2013. R.J. Waters & Associates’ Francis McDonnell rep- resented the landlord in the transaction. Two Stones Pub which has locations in Newark and Wilmington, Delaware has leased 3,500 s/f of restaurant space in the Shoppes at Long- wood Village and will be open- ing its third unit at Longwood Village in early October. Lahn represented the landlord in the transaction. n will feature a vast assortment of distinctive household goods, home fashions and other useful products. Marshalls will open a 30,350 s/f location at Hunt Valley Towne Centre. n
year from Ethel Smith Realty, LLC. Stine, Rohrbaugh and Brian Parrish of Bennett Williams represented both the landlord and the tenant in the transaction. York Yoga, LLC leased 3,311 s/f of retail space at South York Plaza on Pauline Dr. for 5 years from Penn State Man- agement. Stine and Rohrbaugh represented the landlord in the transaction, and Jeff Kauff- man , also of Bennett Williams, represented the tenant in the transaction. Goodwill Keystone Area Corp. leased 11,034 s/f of re- tail space at Cressona Mall at 1544 Rte. 61 Hwy. South in Pottsville for six years from CressonaAssociates, L.P. Stine and Rohrbaugh represented David Dunkleman . ATI has over 200 physical therapy locations through- out Pennsylvania, Delaware, Ohio, Maryland, Indiana, Illi- nois andWisconsin has leased a 3,420 s/f space in the Marl- borough Square Shopping Center. ATI was represented by Jon Kushner of Fameco Real Estate, LP while the landlord was represented by Lahn. A new Thai and Sushi Res- taurant has leased 3,200 s/f of restaurant space in the Shoppes at Jenners Village, which is scheduled to be open for business in October, 2013. Lahn represented the land- occupied by Best Buy, are set to open Spring 2014. Pier 1 Imports, specializing in imported furniture and décor, will open a new, 10,642 square foot location at Hunt Valley Towne Centre. The store
R.J. Waters & Associates handles 10,300 s/f in leases
continued from page 14C Mixed-use projects – The wave of the . . .
Greenberg Gibbons announces leases at Hunt Valley Towne Ctr.
Made with FlippingBook - Online catalogs