Mid Atlantic Real Estate Journal — Shopping Centers — August 31 - September 13, 2012 — 21B
www.marejournal.com
S HOPPING C ENTERS
Breaking New Ground
ARNEGAT, NJ — Re- tail real estate services firm Levin Manage- Planet Fitness opens 17,380 s/f gym at Capitol Plaza Levin Management signs a 31,612 s/f lease for Big Lots B
The professional team of
B.R. Kreider & Son will work for you during your next building or expansion project: s Excavation s Paving s Site Management s Site Utilities
112-114 Meyer Road NAZARETH, PA — Teresa Mickens, CCIM of Coldwell Banker Commercial Pennco Real Estate based in Strouds- burg, PA, has recently ar- ranged the $240,000 Sale of 112-114 Meyer Road in Nazareth. The stand alone commercial retail property was well main- tained and located in a great neighborhood. This building has over 8,800 s/fof space. Two separately metered units, one over head garage door. What a great investment property or opportunity to operate a neighborhood business locally. B1 Zoning allows for multiple uses for this newly purchased property. Teresa Mickens, CCIM represented both the seller Lewis and Elaine Kurter and the buyer Janet M. Jennings- Oche in this sales transac- tion. n Coldwell Banker Commercial Pennco arranges $240k sale EWING, NJ—Fitness centers continue to be one of retail’s fastest-growing segments, and Planet Fitness illustrates that trend with a new, just-opened 17,380 s/f gym at Capitol Plaza in Ewing. The 357,000 s/f Capi- ment recently signed Big Lots as the new anchor for Bayshore Plaza in Barnegat, which is slated to open in August. The nation’s largest broadline close- out retailer has completely filled a 31,612 s/f space formerly occupied by A&P. Located on Route 9 at the intersection of Bay Shore Drive. Bayshore Plaza serves as a popular local shopping destination, and an ideal location for a wide range of uses, according to Matthew K. Harding, Levin Management’s president and chief operating officer. Additional tenants at the 59,232 s/f property include McDonald’s, AT&T Wireless, Barnegat Pharmacy, and a mix of local restaurants and ser- vices. Only one, 4,200 s/f unit remains available.
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Big Lots
Planet Fitness
tol Plaza is exclusively leased and managed by Levin Man- agement. “Gyms and fitness centers continue to generate consider- able traffic all across the coun- try,” said Matthew K. Harding, president and COO of Levin Management. “Planet Fitness is a true leader and innovator
in its field, and its presence at Capitol Plaza adds a very impor- tant element to the center.” Planet Fitness, one of the fast- est growing fitness chains in the U.S., joins a tenant roster an- chored by Marshalls, Sav-A-Lot, Harbor Freight Tools, Forman Mills and the recently-expanded American Furniture. n
management will put your new project on a solid foundation. Before you break new ground, visit www.brkreider.com
63 Kreider Lane Manheim, PA 17545 (717) 898-7651 www.brkreider.com
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