11-25-16

2C — November 25 - December 8, 2016 — Shopping Centers — M id A tlantic

Real Estate Journal

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S hopping C enters

Sam Kates from GK Commercial Realty represents the tenant Pad buildings to be constructed at National Realty & Development’s shopping centers in NJ B located at 2200 anchored by Walmart Supercenter, Acme, Marshalls and Toys ‘R’ Us.

Sporting Goods, Marshall’s. Add i t i ona l l y , two o f NRDC’s long-standing pad tenants have also extend- ed their leases. Applebee’s Neighborhood Bar & Grill has extended their 5,000 s/f lease at Orange Plaza in Middletown, NY and Au- toZone has extended their 6,000 s/f lease at Liberty Square Center. “These are exciting chang- es that will enhance the dining experience and re- flects continued confidence at these shopping centers,” said Brian Sekel , executive vice president at NRDC. n Ripco brings BonChon back to New Brunswick NEW BRUNSWICK, NJ — After more than a two year hiatus BonChon will be returning to downtown New Brunswick. The new location at Liberty Plaza on George St. will be bigger and more promi- nent than its predecessor. Ripco Real Estate ’s Da- vid Townes and Matthew Grundy worked with BonChon to secure the location and plan to help build the brand further throughout the state. The res- taurant will occupy a 2,900 s/f space at 335 George St. former- ly occupied by Counter Burger. Ripco represented the tenant and worked directly with own- ership in the transaction. “We are excited to bring the BonChon brand back to New Brunswick” said Paul Saran, Owner of the BonChon New Brunswick. With this new restaurant, BonChon will serve the Rut- gers student body and sur- rounding community with a modern and trendy menu. Bon- Chon is known for its Korean style fried chicken and other tasty Asian fusion dishes. “We’re looking forward to seeing BonChon become a new hot spot for the Rutgers community.” David Townes and Matthew Grundy of Ripco represented the tenant in the transaction. n

URLINGTON, NJ — National Real- ty & Development Corp., (NRDC) announced that new pad buildings will be constructed at Liberty Square Center and Hadley Center in New Jersey. McDonald’s will be join- ing Liberty Square Center in Burlington, NJ with a newly constructed, state-of- the-art 3,911 s/f building on one of the shopping center’s outparcels. SamKates from GK Commercial Realty represented the tenant. Lib- erty Square Center is a 380,383 s/f shopping center

White Castle has extended their lease at Hadley Center in South Plainfield, NJ and will be demolishing their ex- isting building to redevelop a new 2,822 s/f redesigned pro- totype featuring a new brick and stone façade. Interior renovations will modernize the eating area, kitchen and restrooms. Hadley Center is a 540,152 s/f power center located on Stelton Rd. and anchored by Target, Re- gal Cinemas, Kohl’s, Dick’s

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