12C — January 30 - February 12, 2015 — Shopping Centers — M id A tlantic

Real Estate Journal


S hopping C enters

188,000 s/f grocery anchored center located in Granger Broad Reach Retail Partners acquires Heritage Square

CBRE represents The Hampshire Cos. The Hampshire Cos. acquires 84,134 s/f SC

egant Album, and Enzo’s Pizza rounding out the tenant roster. “Located in a high traf- fic area the shopping center is easily accessible by more than 323,000 residents with strong earning demographics within a five mile radius,” said Rob Schmitt , principal for The Hampshire Compa- nies. “Strong grocery-anchored shopping centers like this one fit well into our retail port- folio and will provide stable, long-term cash flow for our investors.” In March 2015, there will be 2,500 s/f of retail space made available as Investor Savings Bank moves into its new loca- tion, which is currently under construction as a new outpar- cel building on the site. The space would be ideal for a fast food restaurant that desires a prime, visible location with a drive-through. The Hampshire Companies and the seller were represent- ed by Jeffrey Dunne , David Gavin and Kevin Welsh of CBRE . n The Goldstein Group arranges sale of 2,600 s/f building SEA ISLE CITY, NJ — President Chuck Lanyard of The Goldstein Group announc ed the firm has successfully consummat- ed the sale of a 2,600 s/f free standing building at 5007 Landis Ave. in Sea Isle City to Oceans 12 LLC. The seller was 7-Eleven. Executive vice president, Lew Finkelstein , and vice presidents, CJ Huter and Matthew Flath , represented both the buyer and seller in the transaction. “The property, a former 7-Eleven, has excellent expo- sure at a signalized intersec- tion on Landis Avenue.” said Chuck Lanyard. Sea Isle City, NJ is located in the heart of Cape May County. The location is highly frequented during the summer months given the ease of ac- cess to the ever popular New Jersey shoreline. The property is conveniently located near the Garden State Parkway in addition to being just a few miles north of Cape May. n Chuck Lanyard

PISCATAWAY, NJ —The Hampshire Companies , a full service, private real estate investment firm with equity in assets valued at more than $2.5 billion, has announced the acquisition of a 84,134 s/f retail shopping center an- chored by a 64,255 s/f Stop & Shop supermarket located at 571 Stelton Rd. in Piscataway. Situated on 11.8 acres and less than a half mile from I-287, Stop & Shop Plaza is ideally located at the at the intersection of Stelton Rd. and New Brunswick Ave. The shopping center is 97% leased with Advanced Auto Parts, Investors Savings Bank, El-

RANGER , I N — Broad Reach Retail Partners LLC ac- quired Heritage Square Shop- ping Center located in Granger. The center is anchored by a Martin’s Super Market among other national and regional ten- ants. The 188,344 s/f center was 81% occupied at the time of the acquisition. Nate Tower , founder of Broad Reach Retail Partners, said, “Heritage Square was a great acquisition and we are looking forward to enhancing the center through hands-on management and leasing”. n G

Heritage Square

POCONO PLAZA HERSHEY SQUARE 601 ROUTE 940, MOUNT POCONO, PA 18344 1154 MAE STREET, HUMMELSTOWN, PA 17036 Ken Simon 201-768-1300 x21 ksimon@heidenbergproperties.com www.heidenbergproperties.com ACQUISITIONS NOW FOR LEASE

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