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Real Estate Journal — Shopping Centers — January 26 - February 8, 2018 — 5A
www.marejournal.com
M id A tlantic
Gil Neuman represents seller at 3811 Evergreen Parkway Neuman Commercial Group arranges the sale of 104,000 s/f Shoppes At Bowie Town Center for $21M B
OWIE,MD — Neuman Commercial Group, LLC has arranged the sale of The Shoppes at Bowie Town Center outside of Wash- ington, DC for $21 million. Located at 3811 Evergreen Parkway near the US Rte. 301 and 50 interchange in Bowie. The Shoppes is a 104,000 s/f specialty retail extension of 578,000 s/f Bowie Town Cen- ter, the area’s leading open- air lifestyle shopping center. Developed in 2004 on 10.5 acres, the center is 98% leased to 12 national and regional tenants including Five Below, Party City, Goodwill, Bank of America, A.C. Moore, Music & Arts, David’s Bridal, Sprint, and California Tortilla. Neigh- boring Town Center tenants in- clude Safeway, Macy’s, Sears, Best Buy, Barnes & Noble, Off Broadway Shoes, L.A. Fitness, Chipotle and Starbucks. Neu- man Commercial Group, led
by principal, Gil Neuman , represented the seller, Shoppes at Bowie Town Center LLC, a private Maryland developer, and procured the buyer, J.A.R. New York RLT. “We congratulate the sell- ers on successfully harvesting their original development after further diligent value creation, and the buyers for acquiring a modern stabilized center in a dense and growing high-income demographic,” said Gil Neuman , principal of Neuman Commercial Group, LLC. The property draws from a wide trade area throughout Prince George’s and Anne Arundel Counties. 49,000 resi- dents with $129,000 average household income live within a three-mile radius. Area land- marks include Six Flags Amer- ica amusement theme park and Andrews Air Force Base. n the largest and oldest physi- cian owned multi-specialty practice in the state of New Jersey and Lab Corp a national blood and diagnostic lab, have leased space in the Fair Lawn Medical Arts Building lo- cated in Fair Lawn, NJ, which is located on Fair Lawn Ave., right off Rte. 208, with under- ground private parking for ten- ants and staff, and full time, on site janitorial services. There is only one remaining suite in this strategically located, class A medical / professional building. The total renovation of the Pine Brook Plaza , Rte. 46 West in Pine Brook, NJ is now complete. There are spaces available from 900 s/f to over 2,100 s/f. The Azarian Group is also pleased to announce new staff members including: Douglas Norkett , assistant property manager and leasing agent; Patille Kupelian , property management administrative assistant; Melanie Kelly , receptionist; Alba Gil , Ad- ministrative assistant; Dipal Upadhya , bookkeeper; and Cara Diaz , paralegal. n
Bowie Town Center
MIDLAND PARK, NJ — John Azarian , CEO of The Azarian Group L.L.C. , an- nounced that his company’s oc- cupancy rate is at historic lev- els. During the last 12 months, The Azarian Group has entered into 17 new leases. The Azarian Group was founded in 1970 and its portfolio includes 19 proper- ties with more than 350 ten- ants throughout NY and NJ. Over 9,400 s/f has been leased at The Shoppes at North Brunswick . 3,200 s/f has been leased to Honor Yoga. 2,942 s/f has been leased to Orange Theory Fitness. 2,250 s/f has been leased to Red Brick Pizza Kitchen Café. This will be Red Brick’s first New Jersey Loca- tion. 1,107 s/f has been leased to European Wax Center, a major national franchise of hair removal salons. Frutta Bowls, a health food revolution designed for weight loss and health has entered into a lease for 1,800 s/f of space. The combination of a beautiful appearance with its highly prominent location along Rte. 1, just minutes from Rutgers University, makes The Shoppes at North Brunswick a The Azarian Group enters into 17 new leases premium lifestyle center with 43 national stores, services, and eateries one of the top Shopping Center destinations in the area. The Allendale Town Pla- za , Allendale has only two re- maining spaces available. Over 4,900 s/f has been leased at the Allendale Town Center. 3,200 s/f has been leased to Define Body and Mind, a contempo- rary body mind franchise focus- ing on Barre, Cycling, Yoga, and fitness classes. 1,702 s/f has been leased to Danson Jew- elers, a high-end Jeweler with over 30 years of experience providing world class products and service. The Allendale Town Center is the only area shopping Center and services the high-end communities of Saddle River, Upper Saddle River, Ramsey, and Allendale. Over 1,500 s/f has been leased at the Town Plaza II , in Orangeburg, NY to C & E Island Flavor, a Caribbean restaurant. Town Plaza has 12 tenant spaces with 103 parking spaces, two nearby Colleges with a large resident dorm population, and an annual HH income of $85,000. There are only two spaces remaining for lease. 18,502 s/f has been leased to K & G Fashion Superstore at Lenox Plaza . Lenox Plaza is a high traffic Rte. 46 location with a daily vehicle count of 130,000 cars a day. Now fully leased, the 218,000 s/f Neptune Plaza entered into a lease with Cricket Wire- less and Sonny’s Hot Dogs. Cricket Wireless is a nation- wide cell phone franchise and Sonny’s Hot Dogs is a hot dog and burger joint. It is no sur- prise that this center is fully occupied, the combination of Neptune Plaza’s prime loca- tion, with over 112,000 people in a 3-mile radius, with major nationwide stores such as Shop Rite, Marshalls, Home Goods, and other strong tenants, this is the go to shopping center in the Neptune Township area. Walgreens Shopping Cen- ter on Rte. 46 W in Fairfield, NJ is now the home to a Chick- en and Ribs restaurant and Taqueria los Gueros a regional Mexican restaurant chain. The Walgreens Shopping Center is located on Rte. 46 with close access to Rtes. 80, and 23, with major nationwide and franchise tenants, over 146,000 vehicles passing each day, and just 1 mile away from the Wil- low Brook Mall. Fair Lawn Medical Group, The Shoppes at North Brunswick
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