2C — November 24 - December 7, 2017 — Shopping Centers — M id A tlantic

Real Estate Journal


S hopping C enters

t’s safe to say shopping centers are being re- vamped across the North- By Richard Birdoff, RD Management Sprucing up the Northeast region: Latest shopping center redevelopments I create a destination that ap- peals to both residents and employees in the Parsippany area.

work, live, and play. Elsewhere in New Jersey, Waterview Marketplace in Parsippany is getting the ground-up treatment. We broke ground on the 148,562 s/f shopping center, anchored byWhole Foods Market, along- side our partners, JMF Prop- erties and Ripco Real Estate, this July. In 2016, MONEY Magazine named Parsippany the fifth best place to live in the U.S. due to its abundance of trees, low unemployment rates, and close proximity to New York City. Our goal at Waterview Marketplace is to

Shoppes and Residences at Renaissance Square in Marl- ton, NJ we recently announced the opening of anchor ten- ant Virtua Medical Group, a network of 502 physicians, surgeons, and clinicians ex- clusively affiliated with one of New Jersey’s largest non- profit health systems. The $70 million redevelopment of the 583,858 s/f mixed-use center is also underway. Once com- pleted, Renaissance Square will consist of luxury apart- ments, retail, restaurants, medical, and office space; a place where people can truly

Ripco Real Estate’s Horbach leases 5th Hoboken location Hoboken, NJ — Ripco Real Estate announced five signed leases in Hoboken. A l i s o n Richard Birdoff is prin- cipal and president of RD Management. RD Manage- ment owns 62 retail, mixed- use, vacant land, office, hospi- tality, and storage properties in the Northeast and has more than 150 properties in its na- tional portfolio. n working the Hoboken market on behalf of both retailers and landlords has given Horbach a granular understanding of the retail sector. While retailers have become more conservative than ever in making site selec- tions, Horbach has been able to repeatedly attract quality re- tailers to the “mile square city.” Hoboken leases include: Christies Special Properties leased the former American Apparel Space of 3,500 s/f at 80 Hudson St. landlord repre- sented by Ripco. Sephora leased its first Hobo- ken location of 2,450 s/f plus basement at 319 Washington tenant represented by Ripco. Shaka Bowl leased 1,412 s/f at 110 Washington Ave. both tenant and landlord repre- sented by Ripco. Wok to Walk leased 1,250 s/f at 91 Washington St. Tenant represented by Ripco. Athleta of Gap Inc. leased 2,842 s/f plus basement at 316 Washington St. Tenant repre- sented by Ripco. n Alison Horbach currently being redeveloped and expanded for the new an- chors, in addition to new 6,000 s/f and 20,000 s/f buildings that are being constructed. Shopping centers through- out the Northeast are under- going phenomenal upgrades to not only increase foot traffic, but provide go-to destinations for visitors and residents alike. It’s our responsibility as devel- opers in the region to ensure our properties are attracting national tenants and staying ahead of the curve. H o r b a c h of Ripco ne- gotiated all f i v e l e a s e transactions on behalf of e i ther t en- ant or land- lord. Years of

east. While some centers are being de- veloped from the ground- up , o ther s are simply expanding to make room for new ten-

Heading north on the east- ern seaboard, we’re enthusi- astic about the current rede- velopment of Milford Crossing in Milford, Massachusetts. Located off I-495 in a bustling retail corridor, the 158,020 s/f center, complete with an 80-foot pylon sign, welcomed reputable tenants this past year including Stop & Shop, HomeGoods, TJ Maxx, Star- bucks, and Chipotle. The for- mer Kmart on the property is

Richard Birdoff

ants that will enhance the customer experience and add value to the surrounding com- munity. For example, at the The

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