12A — August 20 - September 16, 2021 — Retail Development Reimagined — M id A tlantic Real Estate Journal


R etail D evelopment R eimagined

RIPCOReal Estate arranges 82,000 s/f lease for Wegmans

Retail project features seventeen new tenants BlackOak finalizes $60Million dev. of Eldersburg Commons

OWSON, MD — Black Oak Associates has announced the comple- tion of the $60 million redevel- opment of Eldersburg Com- mons, a 300,000 s/f retail shop- ping center formerly known as Carrolltown Mall and located in Eldersburg, Carroll County. The retail center is located at 6400 Ridge Rd. in Eldersburg. Since initiating the redevel- opment in fall 2013, Black Oak has attracted seventeen new retailers to Eldersburg Com- mons comprising 275,000 s/f of space and bringing the center to nearly 100% occupancy. The project consists of a large retail section anchored by the 190,000 s/f Walmart Super- center, which opened last fall, as well as four free-standing retail buildings and three pad sites. Walmart offers a variety of products, including a full line of groceries, electronics and a pharmacy. In addition to Walmart, new tenants include AT&T, Chipotle, Dental Care at El- dersburg Commons, Jimmy John’s, MOD Pizza, Noodles & Co., Olympia Sports, PETCO, Sleepy’s, TJ Maxx, Ulta and The Vitamin Shoppe. Ad- ditional new tenants that are expected to open in the near future include Hair Cut- tery, Luxury Nails & Spa, Menchie’s Frozen Yogurt, and Sunny’s Fine Wines & Liquors. “Our vision to redevelop this center to better serve the shop- T HUMMELSTOWN, PA — West Connection, LLC recently completed the pur- chase of a Dauphin County Importing Distributor Li- cense and finalized a lease for 3,000 SF of retail space. The newbeer distributor will be in the Hershey Square Shopping Center located at Route 39 and Mae Street in Hummelstown, PA. With a planned Grand Opening in early Septem- ber, owners Randy Siders and Chris Paradise, plan to bring an updated shopping environment, focusing on strong attention to customer service and a premium selec- tion of beer and malt bever- ages to the Hummelstown/ Hershey area. West Con- nection Beer Vault are ex- cited to build relationships

770 Broadway

Manhattan retail transac- tion,” said Gene Spiegelman , vice chairman of RIPCO. “This transaction represents the best of New York City’s future withWegmans long-term com- mitment to deliver Wegmans reputation for quality and cus- tomer service to Manhattan.” Scheduled to open in the second half of 2023, Wegmans will occupy space on both the street and lower levels of 770 Broadway and bring its unmatched customer service, restaurant foods, one-stop shopping and consistent low prices to its first Manhattan location. 770 Broadway, a 1.2-mil- lion s/f landmarked building, is the historic Wanamaker’s department store that Vor- nado transformed into one of Manhattan’s premier office and creative hubs catering to some of the world’s best- known technology and media leaders. MAREJ

NEWYORK, NY — RIPCO Real Estate (RIPCO) , one of the leading independent retail brokerages in New York City, has arranged Wegmans Food Markets’ (Wegmans) first Manhattan location and second NYC location totaling 82,000 s/f at Vornado Realty Trust’s 770 Broadway, occu- pying the full block between Eighth and Ninth Streets. Wegmans opened its first NYC store in the Brooklyn Navy Yard in October of 2019. Wegmans has entered into a 30-year lease with Vornado for the site previously occupied by the Astor Place Kmart, after reaching an agreement with Transformco, a leading inte- grated retailer that owns all of the remaining Kmart stores throughout the United States, to buy out Kmart’s lease at Astor Place. “We were privileged to work alongside Wegmans and Vor- nado to arrange this landmark

Eldersburg Commons

ping needs of the Eldersburg community was validated by the attraction of seventeen new retailers to Eldersburg Commons, representing a di- verse assortment of national, regional, and local merchants,” said Dixon Harvey , partner at Black Oak Associates. “This redevelopment was a true team effort involving Car- roll County government, our neighbors, and our develop- ment team including our lend- ing partner, Eagle Realty . We thank the community for their extreme patience through the many months of inconvenience and disruption that led to the delivery of this revitalized product.” “As we continue to work for good economic development to meet the future needs of our community, we are thankful for the investment of money and talent to rehabilitate this

property” said Carroll County Commissioner Doug Howard . “It is a great asset to our com- munity and another critical step as we build for our future, and that of our children and grandchildren. “Primary and secondary demographics for the area sur- rounding Eldersburg Commons indicate nearly 160,000 con- sumers and 54,000 households, with an average household income exceeding $100,000. The development team that worked on the project included KLNBRetail (leasing broker), Development Design Con- sultants (civil engineer), Glen Arm Building Company (general contractor), The Traf- fic Group (traffic engineer), Lenhart Traffic Consulting (traffic consultant), Banta Campbell Architects (archi- tect), and Kimley-Horn (civil engineer). MAREJ

Gasper of Campbell Commercial Real Estate, Inc. completes lease of 3000 s/f at Hershey Square SC

The Blau & Berg Co. inks sale of ±900 s/f of retail in Livingston, NJ

Mixed-use development at Northfield Center

transaction. “We are very happy to have helped transition this retail site to a mixed-use develop- ment,” said Tamara Blau, director for The Blau & Berg Company. “Livingston is on its way to having more of a downtown area. This smart development project will allow people to live, eat and shop local.” MAREJ

LIVINGSTON, NJ —The Blau & Berg Company ar- ranged the sale of ±900 s/f of retail in Livingston to be used as mixed-use residen- tial and retail development at Northfield Center where construction has begun. Tamara Blau and Brad Jacobs of The Blau & Berg Company represented the seller and buyer in this

Hershey Square Shopping Center

within the community of local artisans and will have a heavy focus on talented local breweries. Jessica Gasper of Camp-

bell Commercial Real Es- tate, Inc. represented West Connection, LLC on both the purchase of the license and the retail lease. MAREJ

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