14A — March 25 - April 14, 2016 — Shopping Centers — M id A tlantic
Real Estate Journal
www.marejournal.com
S hopping C enters
Mixed-use development slated to open retail center doors in Q2 Hudson Lights phase I retail leasing climbs to 75 percent with new leases
ORT LEE, NJ — Tucker Development , a leading investor and developer of retail centers and mixed-use properties, announced that the retail component of the first phase of Hudson Lights — the company’s large-scale, mixed-use redevelopment in Fort Lee, NJ—has signed long- term tenant agreements with Cycle Bar, Linwood Wine & Liquor and Seesaw. With these new tenants, the multi-faceted property’s retail component is approximately 75% leased. Located at the entrance to the George Washington Bridge in the downtown area of Fort Lee, Hudson Lights is part of an in- novative redevelopment initia- tive expected to invigorate the city’s well-located downtown corridor. The iconic, one-mil- lion-square-foot development’s first phase will comprise ap- proximately 140,000 s/f of retail and 276 luxury apartments. Cycle Bar is a new concept F BOSTON, MA — The Wilder Companies , the national retail real estate development, management, and leasing firm announced the following people have recently joined or been pro- moted: • Angelo Russo, CPA joined The Wilder Companies as VP of finance. In his new position, Russo is responsible for the financial and account- ing functions of The Wilder Companies and all its man- aged properties. His responsi- bilities also include oversight of the Human Resources and IT departments. He was most recently director of financial analysis at WS Development. Angelo is a member of the In- ternational Council of Shop- ping Centers (ICSC). • Jill Crouch joined the company as Human Resourc- es manager. In this capacity she will be responsible for maintaining and enhancing Wilder’s human resources including policies, programs, and practices. Jill has nearly 20 years of shopping center experience from her work at WS Development and Wa- terstone. • Courtney Dobrowol- ski is Wilder’s new leasing/ marketing coordinator. In her new position Courtney will
Cycle Bar, Linwood Wine & Liquor and Seesaw are the latest in a diverse array of amenities at Hudson Lights, which are designed to bring Fort Lee an invigorated down- town while providing the city and its residents with a wide range of dining, shopping and entertainment options. The development’s lead tenant is movie theater iPic, which is building an eight-screen, 533- seat luxury movie theater. Other tenants include CVS; Capital One Bank; a variety of dining options; as well as ap- parel, banking, real estate and service establishments. The fully entitled second phase of Hudson Lights is ap- proved to include an additional 201 residential units, approxi- mately 50,000 s/f of retail space and parking, as well as a 175- room hotel. The zoning also affords the development the option for an office building of up to 430,000 s/f. n
LinwoodWine &Liquor Co. is a premier wine and spirit shop that carries a diverse array of wines, beer, sake and other alcoholic beverages. Founded in 1979, the store has earned high regard for its comprehen- sive selection of fine whiskeys and micro beers from around the world. Hudson Lights urban properties, and mixed- use developments throughout the Wilder portfolio. He j o i ned the company in 2010 as an intern. Ryan i s a c t i v e wi thin the ICSC includ- ing a mem- ber of New Hampshire’s Next Gen Planning Commit- tee. • Eileen Boylen of Wild- er’s Development Depart- ment was promoted to con- struction manager. Eileen joined the company in 2013 as a senior tenant coordina- tor. In her new position she will take a more active role in the management of construc- tion projects throughout the portfolio. Eileen started her career in shopping center development at Chelsea GCA Realty. LaGrega went on to say, “At The Wilder Companies, we recognize our employees as our biggest asset. By adding new people and promoting great talent from within we are proud to continue build- ing what we believe is one of the industry’s top manage- ment, development, and leas- ing teams.” n
in indoor cycling, offering high- energy workouts paired with an unparalleled music selection and interactive entertainment features. Founded in 2004, Cycle Bar’s unique exercise concept has earned great popu- larity, and the company expects to be operating 100 studios by the end of 2016. assist in all aspects of retail leasing, trade show participa- tion, and executing both B2B and consum- er marketing s t rateg i es . Most recent- ly she held a position at a sof tware c o m p a n y whe r e she was a mar- keting and business develop- ment associate. • Rebecca Nyenhuis , was named development services coordinator. Rebecca came to Wilder from the management office of a Simon Property Group million-plus s/f retail and office complex. In her new role she facilitates ten- ant coordination and handles construction documentation, tracking projects from con- tractor bidding to tenant opening. “The ability to add both seasoned executives and new, upcoming talent is critical to our ongoing success,” said Wilder principal, Andy La- Grega . “We look forward to this diverse group becoming an integral part of our team.” • Ryan Feinberg was pro- moted to senior leasing rep- resentative. Ryan’s leasing focus is on specialty centers,
Seesaw is a high-end fashion destination, home to the lat- est brands of women’s apparel and accessories. Founded in 2004, the boutique shop aims to provide the modern woman with a one-stop-shop for the luxury clothing, accessories and footwear necessary for all occasions.
The Wilder Companies announces four new personnel and two promotions
Matthew Gorman & Michael Shover broker sales of three Sheetz properties
Ryan Feinberg Eileen Boylen
Sheetz property, Ebensburg (above) and Sheetz property, Altoona
real estate for over ten years,” said Gorman. “Through our national marketing strategy, we continue to experience tremendous success selling net-lease convenience stores with public and private ten- ants alike” added Shover. To date, Gorman and Shover have sold more Sheetz proper- ties than any other brokers in the country, including eigh- teen since 2011. Matthew Gorman and Mi- chael Shover lead CBRE’s Mid-Atlantic net-lease team, specializing in the marketing and sale of single and multi- tenant net-lease investment real estate. n
PHILADELPHIA, PA — CBRE Group, Inc. (CBRE) announced that the team of Matthew Gorman and Mi- chael Shover have brokered the sales of three Sheetz prop- erties in the month of Febru- ary, totaling $5.7 million. The three Sheetz are lo- cated in Altoona, Pennsyl- vania (6,500 s/f), Ebensburg, Pennsylvania (4,997 s/f) and Burlington, North Carolina (4,200 s/f). CBRE represented the seller in all three proper- ties, as well as the buyer of the Burlington location. “Our clients have trusted us to achieve leading-edge mar- ket cap rates on Sheetz backed
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