16C — November 25 - December 8, 2016 — Shopping Centers — M id A tlantic
Real Estate Journal
www.marejournal.com
S hopping C enters
Pierson Commercial signs new leases for Jersey Mike’s
Jollibee renews its lease for a 35,500 s/f outparcel Divaris leases 43,395 s/f of retail space inHamptonRoads V
•65-99 Old State Rd. in Spotswood. Jake Frantzman of Ripco Real Estate repre- sented the landlord, Spotswood- Lowman. •Edison Woods Shopping Center at 1000 Rte. 1 in Edi- son. Nancy Erickson of Col- liers International repre- sented the landlord, Edison Woods Commercial Associates. The center is anchored by B.J.’s Wholesale Club and The Tile Shop. The store is slated to open in January of 2017. •A new strip center at 269- 298 U.S. 46 in Little Ferry, where Jersey Mike’s is the first signed tenant. CJ Huter and Lew Finkelstein from The Goldstein Group represented the landlord, 269 Rt. 46 West, Little Ferry LLC.Construction is planned for spring 2017. •Toms River Center at 1 Rt. 37 in Toms River. Mike Testa and Bill Farkas of Jeffery Realty represented the land- lord, J&L Realty Associates, LLC. •The Commons at Hoop- er Shopping Center at 1350 Hooper Ave., also in Toms River. Jay Miller of CBRE represented the landlord, AC 1 Toms River, LLC. Notable for both Toms River locations is that they will be oper- ated by New Jersey sports celeb- rity Chrissy Rampone, the three- time Olympic gold-medal winning captain of the U.S. Women’s soccer team and a spokesperson for Jersey Mike’s Subs. n
ENGLISHTOWN, NJ — Pierson Commercial Real Estate, LLC announced that the company has completed seven new leases on behalf of Jersey Mike’s Subs in Central and Northern Jersey. “Jersey Mike’s was named the fastest growing restaurant chain in the U.S. for the last three years by Nation’s Restau- rant News,” said Gary Krauss of Pierson, who represented the sandwich chain in its recent leases. “We’re thrilled to be able to contribute our part to their success.” Added Tim Lumpkin, direc- tor of real estate for Jersey Mike’s Subs: “North Jersey has had some of the highest performing units in our com- pany. We’ve been aggressively opening stores in our home state, and turning out great sales numbers.” Jersey Mike’s Subs’ latest New Jersey locations include: •3 Bayshore Plaza in Atlan- tic Highlands, a corporately owned and operated location that opened in June. The cen- ter, owned by Bayshore Plaza, LLC, is located at the intersec- tion of Rte. 36 and First Ave. •Somerville Circle Shop- ping Center at 300 U.S. 202 in Raritan, owned by Somerville Circle LP. The lease was signed in June and the store is plan- ning to open in early 2017. Vanessa Fernandez of Levin Management represented the landlord.
retail space Brenneman Farm shopping center. Levi Thom- son of Divaris Real Estate represented the landlord, Brenneman Farm Retail As- sociates, LLC, in both of the lease negotiations. Other ten- ants in the shopping center include: Harris Teeter, Petco, Marshalls, Dunkin’ Donuts, Kumon, Leslie’s Pools and Primo Pizzeria. Mooyah Burgers Fr i es Shakes leased 2,395 s/f of retail space in Settlers Mar- ket at New Town located at 1 Settlers Market Blvd. in Wil- liamsburg, VA. Erica Rorrer of DRE’s Virginia Beach office represented the tenant in the lease negotiations with the landlord, CPT Settlers Mar- ket, LLC. This is the second location for the fast-casual hamburger restaurant on the
IRGINIA BEACH, VA — Gerald Di- varis , chairman and CEO of Divaris Real Estate, Inc. (DRE) , announced the signing of four leases total- ing 43,395 s/f of retail space. Negotiations were handled through the Virginia Beach office of DRE. Jollibee renewed its lease for a 35,500 s/f outparcel at the Divaris-leased and -managed Brenneman Farm located at 4540 Princess Anne Rd. in Virginia Beach. Jol- libee endears itself to the Filipino communities and locals wherever it operates by offering quality, great-tasting food and friendly customer service with a warm and homey ambiance. Las Palmas Mexican Res- taurant leased 3,200 s/f of • Quattro Development, LLC purchased a 3.81 acre piece of commercial land at 3401 Concord Rd. in Spring- ettsbury Twp., York County, PA. ROCK represented the seller and buyer. John Birke- land was the agent in this transaction. • York Academy Regional Charter School purchased a 27,020 s/f former industrial fa- cility located at 370-372 North George St., York City, York County. ROCK represented the seller and the buyer. Kevin Hodge and David Bode were the agents in this transaction. • Pandora Investments, LP purchased a 7,541 s/f mixed use building at 224 North George St. in York City, York County. ROCK represented the seller. Matthew Czaus and Kevin Hodge were the agents in this transaction. • Rockstar Real Estate, LLC purchased a 20,536 s/f indus- trial building at 510 South Cedar Lane in Upper Dar- by Twp., Delaware County. ROCK represented the buyer. Gordon Kauffman was the agent in this transaction. •TCS Property Manage- ment, LP purchased a 19,900 s/f office building at 8158
Virginia Peninsula. Rorrer also represented the retailer in its lease at Marketplace at Tech Center in Newport News. Laboratory Corporation of America Holdings renewed its lease for 2,300 s/f of retail space in the Divaris leased Academy Crossing Shopping Center located at 3270 Acad- emy Ave. in Portsmouth, VA. LabCorp operates a sophis- ticated laboratory network, with corporate headquar- ters in Burlington, NC, and more than 48,000 employees worldwide. Its 220,000 cli- ents include physician offices, hospitals, managed care orga- nizations, and biotechnology and pharmaceutical compa- nies. DRE’s David Bickford represented the landlord, Midlantic Builders VA, LLC, in the lease negotiations. n
Recent sale and lease transactions from ROCK YORK, PA — ROCK Com- mercial Real Estate recent- ly completed 15 sale and lease transactions totaling 136,623 s/f in Pennsylvania. The in- dividual ratified transactions can be found below. SALES the landlord. J ason Turnbull and Ted Turnbull were the agents in this transaction. • DOCEO Office Solutions, LLC leased 2,112 s/f of of- fice space at 257 North Duke St., York City, York County. ROCK represented the land- lord and tenant. Ted Turnbull and Benjamin Bode were the agents in this transaction. 8158 Adams Drive, Swatara Twp.
• Lancaster County Bible Church leased 35,983 s/f at Bloomsburg Shopping Center in Scott Twp, Columbia Coun- ty. ROCK represented the tenant. Steve Clipman was the agent in this transaction. • Greg Bianco leased 2,164 s/f of office space at 2860-2870 Carol Rd., Springettsbury Twp., York County. ROCK represented the landlord and tenant. Matthew Czaus was the agent in this transaction. • Vector Marketing leased 906 s/f of office space at 320 Loucks Rd. in Manchester Twp., York County. ROCK represented the landlord and tenant. Greg Finkelstein was the agent in this transaction. • Stockertown Beverage Center leased 9,300 s/f of in- dustrial space at 260 Shady Lane in Manchester Twp., York County. ROCK repre- sented the landlord. Kevin Hodge was the agent in this transaction. • Liberty Tax leased 1,442 s/f of retail space at 351 Loucks Rd. in Manchester Twp., York County. ROCK represented the tenant. Benjamin Bode was the agent in this transaction. n
Adams Dr., Swatara Twp., Dauphin County. ROCK rep- resented the buyer. David Bode was the agent in this transaction. • Craig Arnold and Rebecca Shover purchased a 2.77 acre parcel of land on West Cabin Hollow Rd. in Franklintown Borough, York County. ROCK represented the seller. Gordon Kauffman was the agent in this transaction. LEASES • Garber Scale Co leased 2,838 s/f of industrial space at 90 Aberdeen Rd. in Manches- ter Twp., York County. ROCK represented the landlord and tenant. Ted Turnbull was the agent in this transaction. • York H-G Properties, LLC leased 881 s/f of office space at 40 Gotham Place in York Twp., York County. ROCK represented the landlord and tenant. Matthew Czaus and David Bode were the agents in this transaction. • One Way Mechanical, LLC leased 6,000 s/f of indus- trial space at 25 Marianne Dr. in Manchester Twp., York County. ROCK represented
Faith Hope Consolo awarded agency MANHATTAN, NY — The Worldwide Retail Marketing, Leasing and Sales Team of
Faith Hope Consolo , at Douglas El- liman was awarded the agency for the ground floor retail space in the Design and Decorators
237 East 58th St.
Faith Hope Consolo
a fine furniture, a new house- wares brand or even a restau- rant aimed at this clientele,” said Consolo, chairman of the Worldwide Retail Marketing, Leasing and Sales Team at Douglas Elliman. With a large picture window onto 58th St. and prominent awning signage for passersby, this space is 2,200 s/f on the ground level with 800 s/f of basement. Custom furniture and wood paneling designer Auffrance Boiserie was the tenant for 25 years. Consolo represents the land- lord in leasing the property. n
District at 237 East 58th St., between Second and Third avenues, in Manhattan. Interior designers love this district because of the concen- tration of home furnishing, plumbing and lighting fixtures and home textile companies on ground level and in the neigh- boring Decoration and Design Building and the Architect’s and Designer’s Building. The corridor is also getting a repu- tation for fine dining as new restaurants open to service the design crowd. “This location is perfect for
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