2C — March 25 - April 14, 2016 — The Best of 2015 — M id A tlantic
Real Estate Journal
The LARGEST RETAIL SALES of 2015 HFF (NJ)
NAI James E. Hanson 305 Rte 17 S./60 Rte 17 N. Paramus, NJ
The Kislak Company Presidents Square Mall Dumont, NJ
Chester Springs Shopping Ctr. Chester, NJ
60 Rte. 17 N.
Size: 222,930 s/f Brokers: Jose Cruz, Kevin O’Hearn, Mike Oliver, Steve Simonelli Chester Springs Shopping Center, a 222,930 s/f, class A retail center located in prestigious Chester Borough, New Jersey. The 93% leased property is one of the strongest performing shopping centers in affluent Morris County. The property is anchored by ShopRite, the market leading grocer in the region and one of the largest independent food retailers in the country, as well as strong national retailers including Marshalls, CVS, Staples, Burger King and Starbucks.
Size: 21,645 s/f Broker: Janet Bortz, VP
The two-story all brick building includes high ceil- ings, an elevator and both retail and office spaces. It is situated on a heavily traveled corner of Washington and Madison Ave. and offers on-site parking. Tenants include Dunkin Donuts, Hackensack Hospital, Kessler, and Allstate. The property was 97% occupied at time of closing.
Size: 74,900 s/f Brokers: Michael Walters, Gregory James Multi-tenanted retail portfolio on Route 17. Gregory James Michael Walters
The LARGEST RETAIL LEASES of 2015
Trammell Crow Company The Shops at Dakota Crossing Washington, DC
Metro Commercial Floor & Decor Moorestown, NJ
Patterson-Woods/CORFAC Int’l 150 Buckley Blvd. Bear, DE
Size: 65,000 s/f Broker: Michael Gorman
Size: 28,000 s/f Broker: Tony Bariglio Tony Bariglio of P a t t e r s o n - Wo o d s Commercial Proper- ties/CORFAC Inter- national brokered a 28,000 s/f retail lease for a regional furni- ture store, Furniture & More. Bariglio repre- sented both the lessor and the lessee in this transaction.
Size: 85,000 s/f Brokers: Lisa Stoddard & Abigail Davids (CBRE) In 2015, DICK’s Sporting Goods (50,100 s/f), Mar- shall’s (22,500 s/f) and PetSmart (12,900 s/f) signed leases to anchor Phase 3 of the Shops at Dakota Crossing project. Shops at Dakota Crossing is a 430,000 s/f retail center. The project is anchored by several strong, na- tional retailers including Costco and Lowe’s. Approx- imately 50,000 s/f of retail space will be occupied by small shops, a bank, and several restaurants and food service providers.
Floor & Décor has leased a 65,000 s/f space at East Gate Square in Moorestown, NJ. At approximately 900,000 s/f, East Gate Square is the largest open-air shopping center in the Philadelphia metro area. Not only does East Gate offer convenient access from the NJ Turnpike, I-295, Rt. 38 and Rt. 73, it also boasts 196,000 people within a five-mile radius with an av- erage household income of $108,000 per year. All these attributes led Floor & Décor to choose East Gate Square as their first location in Southern New Jersey. Michael Gorman represented the landlord in the transaction.
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