12A — September 25 - October 15, 2015 — Post ICSC PA/NJ/DE Conference & Deal Making — Shopping Centers — M id A tlantic
Real Estate Journal www.marejournal.com
S hopping C enters
Weitzel and Grenko of Joans Lang Lasalle represents St. Mary Soloff Realty & Development, Inc. completes leasing and renovation of former supermarket L evittown, PA — Renovations have been completed on a 40,045
s/f former Giant supermarket located at 4595 New Falls Rd. in Levittown, Bucks County. The new shopping center is situated on 4.6 acres of land and is anchored by a 13,000 s/f Retro Fitness and a 12,000 s/f Dollar Tree. This fully leased site has a traffic-lit entrance with off-street parking for 197 cars, and offers large pylon signage directly on New Falls Road, which has an average daily traffic count of 23,700 cars.
Dollar Tree
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Recently St. Mary Medical Center signed a 10-year lease for 12,000 s/f of “endcap” space to complete the leasing of the facility. Located in Langhorne, PA, St. Mary Medical Center is a comprehensive medical center which offers state-of- the-art technologies and medi- cal care. This satellite location for St. Mary will offer medical care in physician and admin- istrative offices. Richard Soloff of Soloff Realty & Development, Inc. (SRD) represented the Landlord in this leasing trans- action, and Tom Weitzel and Patrick Grenko of Joans Lang Lasalle (JLL) repre- sented St. Mary. n Sperry Van Ness – Miller procures $1.53 million for sellers of retail center PRINCE FREDERICK, MD – Garry Jakoby , senior advisor with Sperry Van Ness – Miller Commercial Real Estate and manager of the satellite Annapolis SVN- Miller office listed Central Square Retail Center, located in Prince Frederick, in 2014. Jakoby leased the strip cen- ter to a natural health store, pawn shop, and formal wear store, keeping with a neighbor- hood feel. The new tenants and expansions brought the tenant capacity up to an attractive 75% including the anchored Outback Steak House. Fast forward to 2015 and Jakoby just sold the 1.89 acre neigh- borhood shopping center for $1.53 million. The 8,056 s/f property was sold to an investor and has two spaces available for lease. n
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