6A — 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
Located on Rehoboth Gateway, JLAM’s new $20 million retail center in Rehoboth Beach, DE Jack Lingo Asset Mgmt. enters into leases with Bed Bath & Beyond, The Fresh Market & Wawa R EHOBOTH BEACH, DE — Jack Lingo Asset Management
after retail destinations for national retailers and res- taurants looking to serve the growing year-round popula- tion and seasonal visitors. n completed a deal with Audi in 13,500 s/f/ 3/4 acres at 764 Route 1 in Edison, NJ. Audi purchased the property as a detailing center to their adja- cent dealership. n Broadway Mall on Long Island begins renovation Hicksville, NY — Pa- cific Retail Capital Part- ners announced that renova- tions for Broadway Mall have officially begun and four new tenant leases signed. Opening soon at the popular Long Is- land retail and entertainment destination will be Noodles & Company, Blaze Pizza, Chick- fil-A and Blink Fitness. Sev- eral existing stores, including H&M, are also remodeling in conjunction with the larger renovation. “Broadway Mall appreci- ates the long-time community support we’ve received and our leadership team is eager to reward loyal patrons with an enhanced shopping and dining experience,” explains John Rossi, general manager of Broadway Mall. “These reno- vations and new tenants pro- vide a refreshed atmosphere, additional culinary choices and enhanced street visibility.” Renovations and Remodels Mall renovations focus on updating the main exterior entrance by stripping the exist- ing pillars and reworking the facade to provide a grander, more recognizable entrance. Additional renovations include modernizing the walkways with new flooring and improv- ing outdoor hardscapes and landscapes with new benches, seating, foliage and flowers. The entire renovation will make the mall more family friendly – inviting shoppers to linger and savor their shopping experience instead of rushing in and out. “Investing in Broadway Mall is an investment into the strong community of Hicksville,” said Gary Karl , executive VP of Pacific Retail Capital Partners. “The renovations and added amenities will provide an im- proved experience.” n
Realty and David Orkin of CBRE/RAS Brokerage , while JLAM was represented by its affiliate Jack Lingo REALTOR . The Fresh Market, a spe- cialty-grocer focused on offer- ing a mix of high quality per- ishables, distinctive foods and a high level of custom service, was represented by Charlie Phelps of Paraclete Realty , while JLAM was represented by Lingo. The newRehoboth Beach lo- cation will be The Fresh Mar- ket’s first store in Delaware. Wawa, which is privately
owned, has more than 650 stores nationwide, and offers its signature fresh hoagies, gas, and elements such as snacks and sodas. This will be Wawa’s fourth location in the Rehoboth / Lewes area. JLAM was represented by Lingo in this transaction. Prominently located on Coastal Highway at the en- trance to downtown Rehoboth Beach, Rehoboth Gateway will bring high quality shopping and dining opportunities to the millions of visitors to the Delaware beaches. Totaling more than 60,000 s/f across
two anchors and 4 pad sites, the project is expected to be completed in the summer of 2016. Rehoboth Beach re- mains among the most sought
(JLAM) announced that it has entered into leases with national retailer Bed Bath & Beyond, specialty grocer The FreshMarket and convenience store Wawa which will be lo- cated on Rehoboth Gateway, JLAM’s new $20 million retail center in Rehoboth Beach, Delaware. Bed Bath & Beyond, the country’s leading retailer of domestics merchandise and home furnishings, was rep- resented by Les Sax of Sax
North Bergen & Edi- son, NJ — Bill Farkas , retail leasing specialist at Jef- fery Realty, Inc. completed a deal with Modell’s in 10,000 s/f at Columbia Park Shopping Center in North Bergen, NJ. Shane Wierks and Au- gie Caruso , retail leasing specialist s at Jeffery Realty Jeffery Realty inks 23,500 s/f
COMPLETED PROJECTS:
Crossroads
Howell Commons
Eatontown, NJ
Howell, NJ
Restaurant Depot Linden Commons Linde , NJ Neptune, NJ
TJ Maxx Woodbridge, NJ
Ethan Allen Marlboro, NJ
Linden Commons Linden, NJ Xscap Theatre Howell, NJ
AutoZone Staten Island, NY, Garwood NJ, Little Ferry, NJ
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