10C — November 24 - December 7, 2017 — Shopping Centers — M id A tlantic

Real Estate Journal


S hopping C enters

Acquires Streetsense’s retail brokerage operations CBRE enhances its national retail capabilities

has acquired a 50% inter- est in Street- sense , a pri- vately-held strategy and design com- pany, creat- ing a joint ventur e t o W

investment in Streetsense, CBRE has acquired Street- sense’s retail brokerage op- eration, which serves clients in the greater Washington, DC market. The firm’s 17 professionals have joined CBRE and the new broker- age business will be called Streetsense|CBRE . The combination of Streetsense’s and CBRE’s highly talented professionals significantly strengthens CBRE’s pres- ence in the Washington, DC. market and further solidifies its best-in-class retail offering nationally.

“Streetsense’s focus on ‘cre- ating brands people love and places people love to be’ will be amplified by CBRE’s powerful service offering, client base and commitment to innova- tion. Together, we strengthen our ability to connect with end-users across industries and geographies,” said Antho- ny Buono , CBRE Executive managing director, Americas Retail Advisory & Transac- tions Services. Streetsense was founded in 2001 and has become known for helping clients create emo- tional connections with their

customers through insight- driven strategy and design. With offices in both Wash- ington, D.C. and New York, the firm has created engaging brands, places and consumer experiences for a diverse range of clients including The Ritz- Carlton, JBG Smith, Inter- bake Foods, General Growth Properties, Chef Mike Isabel- la, and the Detroit Economic Growth Corporation. “With CBRE as our partner, Streetsense is even better positioned to unlock value for brands and places and drive demand for clients,” said

Brian Taff , president, Street- sense. “Our nearly 200 cre- ative professionals will greatly benefit from CBRE’s broad range of advisory and trans- action capabilities, as well as their international industry relationships. With CBRE, we have a partner that shares our vision to create transformative outcomes for our clients and their customers.” CBRE’s consumer experi- ence joint venture with Street- sense adds a critical compo- nent to CBRE’s toolkit for advising clients on real estate needs amid shifts driven by e-commerce and changing consumer preferences. CBRE’s suite of retail and omnichan- nel advisory services includes location analytics, store-port- folio optimization, predictive consumer analytics, supply chain services and retail proj- ect management. n The Hampshire Cos. sell free-standing QuickChek in Emerson, NJ Emerson NJ — The Hampshire Companies announces the sale of a 4,700 s/f free-standing con- venience store located at 354 Kinderkamack Rd. in Emerson to a private buyer. The single-tenant property is fully-leased to leading New Jersey-based convenience store chain, QuickChek. With over 149 locations, QuickChek Corporation is the premier convenience store chain in the New York City MSA employing over 4,000 people with an annual revenue of over one billion dollars. QuickChek strate- gically locates their stores throughout New Jersey and New York in high-traffic and high-visibility locations. The Emerson site is strategically located on an outparcel to a Super Stop & Shop and Mar- shalls anchored retail center. The location offers excellent frontage and visibility on Kinderkamack Road, the primary north-south thor- oughfare in Emerson and one of the area’s most prominent retail corridors with over 22,000 vehicles per day pass- ing the property. Chris Bosworth , execu- tive vice president, CBRE , represented The Hamp- shire Companies in the transaction. n

ashington, DC — CBRE Group, Inc. announced it

Anthony Buono

provide services that help retailers and other clients create compelling consumer experiences. As part of the strategic

Building Quality, Value and Trust

Shop Rite Staten Island, NY

Ross Dress for Less Philadelphia, PA

TJ Maxx Woodbridge, NJ

Walgreens Woodbridge, NJ

Bed Bath and Beyond Manhawkin, NJ

Greenleaf Howell, NJ

4900 Route 33, Suite 101, Wall Township, NJ 07753 732.933.0707 www.gerardconstructioncorp.com

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