6A — November 13 - December 10, 2020 — Retail Development Reimagined — M id A tlantic Real Estate Journal


R etail D evelopment R eimagined

Moreland Development plans to build a new 13,074 s/f CVS Rose Commercial Real Estate negotiates the purchase of prime retail site in Cherry Hill, NJ


Buyer Moreland Devel- opment, LLC of Bala Cyn- wyd, PA, has already broken

HERRY HILL, NJ — The Rose Com- mercial Real Es-

tate team of AdamRose , p r e s i d e n t , a n d J e f - frey Lucas, di rector of business de- velopment , ne g o t i a t e s the purchase of two prime

g r ound on the project, wh i c h i n - vo l ve s the r ede v e l op - ment of sev- eral adjacent lots, includ- ing 1803 & 1807 Spring- dale Rd. and

Adam Rose

Jeffrey Lucas

retail acres at the intersection of Route 70 East and Spring- dale Rd. in Cherry Hill for a new 13,074 s/f CVS.

1900-1904-1906 Route 70 East. High traffic count and dense population are just two of the reasons the site

Intersection of Route 70 East and Springdale Rd. in Cherry Hill, NJ

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was selected for the national pharmacy and retailer with a planned opening in the sum- mer 2021. “This is not the first time we have worked with Mo- reland Development,” Rose said of the real estate devel- opment company founded in 1999 and partner, Eric Seid- man . “I have known Seidman for years and admire every member of his team. Their professionalism is beyond reproach.” The sale, which in- volved multiple sellers, closed on October 8, 2020 for a price of $4 million. MAREJ Cushman & Wakefield | Thalhimer handle 13,300 s/f lease at Chesterfield Marketplace RICHMOND, VA — Cush- man & Wakefield | Thal - himer recent Richmond area lease transactions: Boil Bay Cajun Seafood & Bar leased 13,300 s/f of retail space at Chesterfield Market - place, 11110 Midlothian Tpke. in Chesterfield County. Alex Wotring and James Ashby IV handled the lease negotia- tions on behalf of the landlord. Harbour Point Family Phy- sicians renewed their lease of 12,336 s/f of office space at 13520 Hull Street Rd. in Ches- terfield County. Mark Doug- las, CCIM, SIOR handled the lease negotiations on behalf of the tenant. Woodcraft renewed their lease of 10,000 s/f of retail space at Broad St. Plaza, 9864-9900 West Broad St. in Henrico County. Connie Jordan Nielsen and Nicki Jassy handled the lease ne- gotiations on behalf of the landlord. MAREJ

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

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

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


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