22A — May 29 - June 11, 2020 — Retail Development Reimagined — M id A tlantic Real Estate Journal


R etail D evelopment R eimagined

Lawnside Commons is currently 100% leased to a lineup of national tenants United Hampshire US REIT and MCB Real Estate acquire 151,076 s/f shopping center in Lawnside, NJ L

and stable income-producing grocery-anchored and neces- sity-based properties strategi- cally located throughout the US,” said Robert Schmitt , CEO of the UHREIT. “Stand- ing at 100% occupancy with a diverse slate of institutional- quality retail tenants providing stable, long-term cashflow, we believe Lawnside Commons is well-positioned for continued long-term strength.” “You have to seize on assets with strong tenant quality and growth when you identify them,” said P. David Bram- ble , managing partner of MCB Real Estate. “MCB is extremely excited about the stability and long-term prospects for Lawn- side Commons.”  Weston of Sheldon Gross Realty brokers 26,950 s/f East Hanover strip mall

AWNS IDE , NJ — United Hampshire US REIT (UHREIT) and joint venture partner MCB Real Estate announced the acquisition of Lawnside Com- mons, a 151,076 s/f shopping center located at 310 White Horse Pike in Lawnside. Lawnside Commons is cur- rently 100% leased to a lineup of national tenants includ- ing Home Depot, PetSmart, Wendy’s, T-Mobile and Sleepy's Mattress Firm. The grocery and necessity-based retail property is situated along White Ho e Pike in Camden

10 White Horse Pike

county. “The United Hampshire US

REIT seeks to provide the unique opportunity to gain

exposure to a distinctive port- folio of high quality, resilient

RE_ad_version1.qxp 11/2/2005 11:54 AM Page 1

Seeking Retail Opportunities Consistently Ranked #1 Franchise - 50+ Y ear T rack Record

EAST HANOVER, NJ —A 26,950 s/f stripmall at 389 Rte. 10 in East Hanover has been 389 Rte. 10 in East Hanover

pu r c h a s e d by real es- tate investor Roy Pascal, from Charm House. The d e a l w a s brokered by S h e l d o n Gross Re-

Looking for sites in PA & S. NJ End Cap, In-line, Free Standing Flexible Space Requirements

Eric Weston

alty, which has managed the property since 2014 under the direction of vice president Eric Weston. Tenants at the four-unit retail strip include the pre- scription eyewear retailer Luxottica and Enterprise Rent-A-Car. The partially two-story structure is located just minutes fromRtes. 80, 46, 287, and 280. “Because our company has managed this property for years, I know what an excel- lent opportunity it represents for the new owner,” Weston explains. “The entire Rte. 10 corridor through East Hanover is a tremendously vibrant retail and entertain- ment location. For tenants, there’s never a shortage of potential shoppers.” 

Non-Traditional Venues - Hospitals/Colleges Universities/B&I/Stadiums/Casinos/Airports

Eastern PA — Local Contacts: Philadelphia PA & Southern NJ —

610-366-8120 x 24, Cheryl Green green_c@sdepa.com 410-752-6760, Evan Brodie evan@sandhumanagement.com

realestate.subway.com www.subway.com


Made with FlippingBook - professional solution for displaying marketing and sales documents online