12A — December 23 - January 12, 2017 — Shopping Centers — M id A tlantic
Real Estate Journal
S hopping C enters
Tasker, Simon and Kreutzer represents landlord NAI KLNB leases 275,000 s/f of industrial space in northern VA A
In the Prudential “Shoppes on Broad” Townes of Ripco finds Grab- bagreen its first NE location
LEXANDRIA, VA — NAI KLNB has an- nounced the leasing of more than 275,000 s/f of in- dustrial space, in two separate transactions, in the northern Virginia marketplace. An undisclosed tenant signed a 97,016 s/f full-building lease at 4607 Eisenhower Ave., a warehouse/industrial building located in Alexandria. Marc Tasker, CCIM, SIOR; Josh Simon, SIOR and Pierce Kreutzer of NAI KLNB rep- resented the landlord, Capital Investment Advisors, LLC in this transaction. Tasker and Kevin Goeller, CCIM, SIOR also represented Prologis in the completion CLARK,NJ — Denholtz Associate has announced that the Township of Clark Planning Board has unani- mously approved a 14,000 s/f shopping center located at the 21-acre mixed use site on Terminal Ave. in Clark. The approvals are the first step in the planned redevel- opment of the property that stretches from Central Ave. to Westfield Ave. and exem- plify the strategic partner- ship between the Township of Clark and Denholtz Associ- ates. The shopping center will boast a clean, modern design and will be anchored by New York Community Bank and a free-standing Dunkin Donuts featuring a drive thru. The rezoning of Terminal Ave. has broadened the property’s range of commercial and retail use and future development opportunities allowing Den- holtz Associates to work with the township to enhance local amenities and services for residents. SALISBURY, MD — Wesley Cox, CCIM , senior advisor on the Hanna Team at SVN-Miller Commercial Real Estate an- nounces that Your Doc’s In has leased 4,200 s/f in the former Horner Honda building located at 1135 S. Salisbury Blvd., which is currently undergoing a full redevelopment into a shop- ping center. Your Doc’s In is a regional operator of five urgent care and occupational health centers.
4607 Eisenhower Ave.
of a 179,679 s/f lease to an undisclosed tenant at 5617 Industrial Dr. in Springfield. The single-story building, once known as the Woodward & Lothrop Warehouse, consists of 387,134 s/f of space. “As evi- denced by these two significant leases, activity in the indus- Denholtz Associates’ Clark Commercial Center portfolio consists of 10 commercial buildings totaling 283,201 s/f and one unimproved par- cel that Denholtz is evaluat- ing for future development. Stretching an entire block along Terminal Ave., the Clark Commercial Center offers great potential for a shop- ping center. Located just off Exit 135 of the Garden State Parkway between Central and Rahway Ave., the site offers easy access to I-78 and the New Jersey Tpke. The facility is within a short distance of restaurants, banks, hotels and other suburban conveniences. The Terminal Ave. property boasts a wide range of tenants including L’Oreal, one of the largest cosmetics companies in the world, leasing over 190,000 s/f of the portfolio and housing its North American research and development facility on the property. Other major ten- ants include The Lawbook Ex- change, KinderCare Learning The location will serve as another urgent care center in partnership with Peninsula Regional Health Ventures (a division of Peninsula Regional Health System). The building is located directly across from Salisbury University on S. Salis- bury Blvd., making it extremely convenient for students as well as the general population on the south side of town. Wesley said, “This is another addition to the revitalization of
trial and warehouse category remains brisk in the North- ern Virginia sub-market as e- tailers position themselves for the last mile distribution and companies remain attracted to the outstanding demographics contained in this region of the country,” said Tasker. n Centers, LLC, Retro Fitness, and PromptCare. “Today marks an important day in the redevelopment of Terminal Ave. and we are grateful for the support and shared vision that the Town- ship of Clark has for the site,” said Russ Azzarello , VP at Denholtz Associates. “By working with the town we are confident that this first phase of redevelopment will provide residents with more conveniences and op- tions ultimately enhancing the community in which they live. Strong civic partnerships are immensely important in redevelopment projects like this and we look forward to working with the town and its continued support.” Denholtz Associates ac- quired the property in October 2015 in a joint venture with MB1 Capital Partners , a pri- vately held owner and opera- tor of commercial real estate investments that is based in Belmar. n the S. Salisbury corridor which brings together two experts in health care to provide services to the South Salisbury market. My team and I will continue to help reshape the South Salisbury corridor and bring additional services to Salisbury residents that will continue to enhance their quality of life. I also thank John McClellan of SVN, who represented Your Doc’s In, for his hard work in helping to com- plete this transaction.” n
LYNDHURST, NJ — Grab- bagreen, the Arizona- based fast-casual concept known for their fresh and healthy alter- native to fast food will make its debut in the Northeastern United States in Newark, with Ripco Real Estate represent- ing the national chain. Ripco Real Estate’s David Townes arranged the new lease on behalf of Grabbagreen, OLD BRIDGE, NJ — R.J. Brunelli & Co., LLC an- nounced the recent completion of a series of leases that will introduce national retailers, restaurants, automotive, and personal service providers to sites across New Jersey and in Louisiana. In its capacity as Dollar Tree’s real estate represen- tative for all of New Jersey, the Old Bridge-based firm brokered a lease that will bring the nation’s largest single-price-point retailer to an 11,585 s/f freestanding building at 315 E. Main St., nearWrightstown Rd. Located directly across the street from McGuire Air Force Base, the building previously housed a furniture store. R.J. Brunelli President/Principal Danielle Brunelli-Albrecht brokered the deal for the store, which is expected to open next Sep- tember. As New Jersey tenant rep- resentative for Sally Beauty, Brunelli-Albrecht completed a deal that will bring the in- ternational specialty retailer and distributor of professional beauty supplies to an 1,865 s/f space at the Shoppes at Flem- ington on Reaville Rd. In its new role represent- ing Verizon TCC, the largest premium re-seller of Verizon Wireless products in the Unit- ed States, R.J. Brunelli ex-
which will be located in the Prudential “Shoppes on Broad” as part of the ongoing revital- ization of Downtown Newark. Ripco continues to seek loca- tions on behalf of the retailer throughout New Jersey. “It’s great to bring a new, health-focused concept to the area and we are excited to help Grabbagreen grow in the tri-state area,” said Townes. n ecuted a pair of deals in south- ern New Jersey. At Peach Tree Plaza in Hammonton, TCC extended the lease for its 1,580 s/f freestanding build- ing. The 108,400 s/f center on Whitehorse Pike is anchored by Shop Rite and Advance Auto Parts. In Cape May, the company renewed the lease for its 3,200 s/f freestanding building at Court House Vil- lage, a 120,200 s/f center on Court House Rd. anchored by TJ Max, Home Goods and Big Lots. Both deals were bro- kered by R.J. Brunelli CEO/ principal Ron DeLuca , who manages the TCC account. The firm serves as exclusive sub-broker for the chain in NJ for master national broker Sperry Van Ness. As regional leasing repre- sentative for AAMCO, R.J. Brunelli brokered two deals that will bring the world’s largest chain of transmission specialists and leader in total car care to sites in NJ and LA. In NJ, the firm signed the chain for a 5,000 s/f loca- tion at 1639 Main Ave., in Clifton, while in LA, the firm represented the tenant in a lease for a 4,000 s/f-space at 56381 Frank Pichon Rd. in Slidell. Both deals were bro- kered by senior sales associ- ate Patti Fiore , who serves as the firm’s AAMCO account manager. n
Denholtz Associates receives approval for new shopping center at Clark Commercial Center
R.J. Brunelli & Co. announces leases to sites across New Jersey and in Louisiana
SVN-Miller Commercial Real Estate’s Cox, CCIM handles 4,200 s/f lease in the former Horner Honda building
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