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R Magrill and Phillips, SIOR of Cushman &Wakefield | Thalhimer handles sale Ashley Capital buys 798,786 s/f dist. center on I-295/I-95 Corridor in VA

ISSUE HIGHLIGHTS Volume 31, Issue 16 Aug. 23 - Sept. 12, 2019

ICHMOND, VA — Cushman & Wakefield | Thalhimer is pleased to announce the sale of 7000 Hardware Dr. in Prince George County, Virginia and located in the Southeast Quadrant of the Richmond (VA) Industrial Market. Ashley Capital purchased the 798,786 s/f distribution center situated on 155.4 acres from Ace Hardware Corpora- tion as an investment. They plan to immediately update the property to include re- placing the roof, all 84 dock doors, replacing the lights with high efficiency LED fixtures, removal of an internal mez- zanine, painting the interior and exterior and several other functional and cosmetic up- grades. The property will be branded as the Virginia Gate- PISCATAWAY, NJ — Rockefeller Group , a real estate developer, owner and operator, along with joint venture partner PCCP, LLC , announced that Kiss Products, Inc., with its world head- quarters in Port Washington, NY, has purchased a 469,600 s/f distribution building at Rockefeller Group Logistics Center in Piscataway, N.J. for $65.7 million. The global beauty company will occupy the property-situated within

SPOTLIGHTS

5-17A

ARCHITECTS & ENGINEERS

7-18B

CONTRIBUTING COLUMNIST

7000 Hardware Dr.

access to I-95 and I-85 as well as Rte. 460 and the Port of Vir- ginia. Ashley Capital will re- brand the property as Virginia Gateway Logistics Center.

way Logistics Center. The property is the largest vacant building in the mid- Atlantic. Its strategic location on I-295 provides immediate

Evan Magrill and Bobby Phillips, SIOR of Cushman & Wakefield | Thalhimer handled the sale negotiations on behalf of the purchaser. 

Donald Richardson

NAI DiLeo-Bram&Cushman &Wakefield execute 469,600 s/f sale totaling $65.7M Piscataway, NJ

UPCOMING CONFERENCES September 24, 2019 6 th Annual NJ Apartment & Multifamily October 17, 2019 6 th Annual NJ Healthcare & Medical Properties November 1, 2019 5 th Annual NJ CRE Leadership Conference For speaking & sponsorship information, please contact: Lea at 781-740-2900 or lea@marejournal.com

Group Logistics Center," said Richard Kim, CFO of Kiss Products, Inc. "Piscataway's proximity to the port of New- ark/Elizabeth makes it an at- tractive location for reaching our customers nationally." "I am thrilled that Kiss Products has chosen our com- munity at which to manage its logistics," Piscataway Mayor Brian Wahler said. "Kiss will be a valued corporate partner to Piscataway which along with Best Buy, Fujitsu and Humanscale will thrive at what is now a state-of-the- art center for commerce that is providing good jobs for hard-working residents and welcome revenue to the Town- ship." The Cushman & Wake- field team of Jules Nissim, Stan Danzig , and Marc Petrella serves as the agent for the development and rep- resented Rockefeller Group in the transaction. Kiss was rep- resented by Greg Brown and TomKirczow of NAI DiLeo- Bram & Co. The acquisition was financed by Citibank, City National Bank and Shinhan Bank America . 

Rockefeller Group Logistics Center Kiss Products building

the 2.2 million s/f state-of- the-art Rockefeller Group Logistics Center- this summer. "The interest in Rockefeller Group Logistics Center from prospective users that we've experienced to date has not only met our expectations for the project, but has actually exceeded them," said Heath Abramsohn , vice president and regional director for Rock- efeller Group's NJ/PA Region. "This latest transaction with Kiss is demonstrative of the market's appetite for well-lo- cated industrial development in New Jersey and is a further testament to the quality of

next-generation product that we're building in Piscataway." The facility, which boasts an advanced-functionality de- sign, will accommodate Kiss' growing logistics needs as de- mand continues to strengthen from its consumer base and national retail partners in the region. Through the opening of its new logistics facility, Kiss anticipates that it will create more than 250 jobs in Piscataway. "Kiss is excited to be relocat- ing its distribution center to Piscataway and consolidating our four Long Island distribu- tion locations at Rockefeller

Directory CCIM PA/NJ/DE Chapter....................................... 4A ICSC Conference & Deal Making.......................5-17A Business Card Directory. .................................. IBC-A Billboard Directory..............................................19A Organization Events Calendar..............................20A Owners, Developers & Managers............... Section B Architects & Engineers Spotlight. .....................7-18B www.marej.com

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M id A tlantic R eal E state J ournal Publisher, Conference Producer . .............Linda Christman AVP, Conference Producer ...........................Lea Christman Publisher ........................................................Joe Christman Section Publisher ............................................. Steve Kelley Section Publisher ............................................... Kim Brunet Editor/Graphic Artist..... .................................Karen Vachon Office Manager ...............................................Kerrin Devine Contributing Columnist .....................................Doug Haines, Haines Security Solutions; Michael Mullin, Integrated Business Systems; Donald Richardson, EWMA Mid Atlantic R eal E state J ournal ~ Published Semi-Monthly Periodicals postage paid at Hingham, Massachusetts and additional mailing offices Postmaster send address change to: Mid Atlantic Real Estate Journal 350 Lincoln St, Suite 1105, Hingham, MA 02043 USPS #22-358 | Vol. 31, Issue 16 Subscription rates: 1 year $99.00, 2 years $148.50, 3 years $247.50 & $4.00 single issue - plus postage REPORT AN ERROR IMMEDIATELY MARE Journal will not be responsible for more than one incorrect insertion Phone: 781-740-2900 | Fax: 781-740-2929 www.marej.com The views expressed by contributing columnists are not necessarily representative of the Mid Atlantic Real Estate Journal

M id A tlantic Real Estate Journal

Donald Richardson

Environmental Remediation: Expense vs. Investment A n environmental re- mediation project can be challenging to track and quantify. Site cleanup is a key part of the contaminated land redevelopment process, but unlike the plot of land or the new construction itself, the results of the cleanup and the return on investment (ROI) of cleanup are not always clear- cut as a success story. Especial- ly when costs are not capped at the outset of the project it can be difficult to even begin remediation. Understandably, stakehold- ers want to know exactly what is being paid for when they receive an invoice from their environmental remediation company. After spending sig- nificant sums on a remediation project, what exactly did their money get them? To ensure that all parties involved under- stand the bang for their buck, it’s important to continually

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quantify what is happening, even when the results cannot always be seen or touched. Why is it so difficult to quantify an environmental remediation project? Environmental remedia- tion clients find themselves in a position where they must constantly justify the often- unpredictable costs attached to the project. (This is espe- cially true if the client is not using a fixed-price program such as EWMA’s SECUR-IT). Value must be demonstrated to multiple parties on an ongoing

basis. However, when so much work is conducted out of sight beneath the earth’s surface, it can be difficult to show a stakeholder what their money bought them, or even to justify the hefty price tag altogether. Take a soil cleanup, for ex- ample. Hauling away con- taminated materials can be observed, and the moment the trucks arrive is an easy bench- mark to hit. A certain dollar figure was spent to hire crew and equipment to dig up the contaminated material, and continued on page 18A

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2019 PA/NJ/DE CCIM CHAPTER OFFICERS John Birkeland, CCIM President ROCK Commercial Realty Stacy Martin, CCIM

Deal Makers

NAI Emory Hill broker Neil Kilian, SIOR, CCIM recently represented the landlord at Little Falls Centre in Wilmington, DE, in several significant office lease transactions totaling approximately 70,000 SF and in excess of $20 million in value; tenants included global fabric manufacturer Lycra, as well as CSC, PNC Bank and accounting firm Gunnip & Assoc. NAIEmoryHillAssociateBrokerDavidR.Morrison,CCIMalsorecently represented the landlord in several large office lease transactions in the New Castle Corporate Commons in New Castle, DE totaling 50,000+ SF; tenants included the Colonial School District, NAES Corporation, Westside Family Healthcare and C.E.R.T.S. Morrison also completed the sale of Society Office Complex, totaling 36,000 SF, at 1000 Society Drive in Claymont, DE .

Vice President Hankin Group

Jeff Kurtz, CCIM Secretary/Treasurer High Associates, Ltd.

Jeffrey Hoffman, CCIM Immediate Past President JPH Realty Advisors 2019 PA/NJ/DE CCIM CHAPTER DIRECTORS John Berenato, CCIM Past President Healthcare Realty Solutions Michele Countis, CCIM Chair, Designation Jackson Cross Partners Dragan Dodik, CCIM Regional Chair, Central PA Pennian Bank Philip Earley, CCIM Chair, Nominating Lieberman Earley & Company Jonathan Epstein, CCIM Chair, Public Relations Macada Properties Cindy Feinberg, CCIM Regional Chair, Lehigh Valley Feinberg Real Estate Advisors Craig Fernsler, CCIM Chair, Legislative KW Commercial, Blue Bell Eric Gorman, CCIM Past President Cushman & Wakefield Neil Kilian, CCIM, SIOR Regional Chair, Delaware NAI Emory Hill Laura Martin, CCIM, CPM, WBE Chair, Membership SVN Latus Commercial Realty Group Melissa Meyer, CCIM Chair, Education

Deals from High Associates Ruth Devenney, CCIM, SIOR and Jeff Kurtz, CCIM sold 352 W. Main St., Leola, PA to Chateau Farms, LLC for $780,000. The property was an NNN retail property sold at a 7.6% cap rate.

Bill Boben, SIOR, CCIM and Jeff Kurtz, CCIM sold 3929 Columbia Avenue, Columbia, PA to C&T Properties for $649,000. This property was a standalone Rita’s location to be converted to a Dunkin Donuts.

Jeff Kurtz, CCIM sold 566 E Main St., New Holland, PA to Chateau Farms, LLC for $620,000. This property was an NNN office building.

Over the past year, Jeffrey Hoffman, CCIM from JPH Realty Advisors has represented Ocwen Financial Corporation in the successful disposition of 8 small balance REO Properties in the Philadelphia Metro and Lehigh Valley Markets. The total value of the transactions was $999,000. The Ocwen project was a referral from an out of market CCIM Designee. CCIM tools have been instrumental in streamlining the listing process and enabling quick, efficient, completed transactions for the client.

Brandywine Realty Trust Andrew Miller, CCIM Regional Chair, Pittsburgh CBRE

Tom Skeans, CCIM Chair, Scholarships SVN Kathy Sweeney-Pogwist Regional Chair, Philadelphia Metro Brandywine Realty Trust

S hopping C enters F eaturing

Program

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PA/NJ/DE Conference & Deal Making Pennsylvania Convention Center Philadelphia, PA | September 11 – 12, 2019 #ICSC

www.icsc.org/2019PND

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The American lifestyle and footwear retailer occupies 6,130 s/f in the 158,759 s/f center RD Management signs Skechers shoe store as the latest tenant at Milford Crossing M in more than 170 countries worldwide. ILFORD, MA — RD M a n a g e - ment LLC , one of ICSC PA/NJ/DE C onference & D eal M aking

and opened July 18. Atlantic Retail’s , Brian Roache , rep- resented RD Management in this lease. Stephen Grafton of SRG Retail Advisors rep- resented Skechers. Headquartered in Manhat- tan Beach, California, Skech- ers is the third largest athletic footwear brand in the United States. The company designs, develops, and markets a di- verse range of lifestyle and performance footwear, ap- parel, and accessories for men, women, and children. Founded in 1992, Skechers owns and operates 3,000 retail stores

“We are thrilled to add a national footwear retailer to the current tenant mix at Milford Crossing,” said Richard Birdoff , principal and president of RD Manage- ment. “Since our $20 million renovation in 2018, Milford Crossing has become a go-to shopping destination for com- munity members looking for quality and convenience. Ske- chers will further position the center as a one-stop-shopping experience offering consumers diverse health, beauty, retail, grocery, and dining options.” Milford Crossing is located at 120-128 Medway Rd. at the intersection of Medway Rd. and Beaver Street. The shopping center is situated off of I-495 in a bustling retail corridor, complete with an 80-foot pylon sign on Beaver Street visible to drivers on the interstate. Skechers will join anchor tenant Stop & Shop, Cyclebar, HomeGoods, T.J.Maxx, Starbucks, Chipo- tle, Hair Cuttery, Pacific Den- tal Services, and Pet Supplies Plus, all of which are now open for business at the center. Milford Crossing is one of six properties owned by RD Management across Massa- chusetts, and one of more than 150 properties in its national portfolio.  Vantage RES represents State Farm with their MARLTON, NJ — Van- tage Real Estate Services is thrilled to announce an- other successful retail lease in Marlton. Ken Richard- son , advisor at Vantage RES, worked closely with Chris Johnson, owner and Franchi- see of State Farm Insurance, to secure a long-term lease of a spacious, modern facility that will accommodate State Farm’s Office. The Barclay Chase development is a resort- style residential community with a retail spaces offering located at 500 Barclay Blvd., Evesham. Johnson worked closely with Richardson to identify and se- cure a lease for State Farm’s new office located at Barclay Chase at Marlton managed by Urban Renewal, LLC .  relocation in South Jersey

the nation’s largest pri- vately held r ea l - es tat e development and manage- ment organi- zations, has signed a lease with Skech-

Richard Birdoff

ers at its Milford Crossing shopping center inMilford. The American lifestyle and foot- wear retailer will occupy 6,130 s/f in the 158,759 s/f center

Milford Crossing

 Asset Repositioning  Retailer Advisory Services

 Real Estate Brokerage  Property Management

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M id A tlantic Real Estate Journal — Shopping Centers — ICSC PA/NJ/DE Conference & Deal Making —— August 23 - September 12, 2019 — 7A

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It’s not just a conference. ICSC PA/NJ/DE C onference & D eal M aking

It’s a recognition of pioneers in housing and economic development, and an opportunity to showcase your brand, and a celebration of projects on the cutting edge of innovation, and a chance to build new relationships, and a jam-packed agenda with the option to earn continuing education credits,

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NOW LEASING MONMOUTH COUNTY, NEW JERSEY’S

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ICSC PA/NJ/DE C onference & D eal M aking By Thomas Onder and Dolores Kelley, Stark & Stark Medical Leasing – Just What the Doctor Ordered for a Shopping Center H ealthcare accounts for more than 17% of US GDP (approximately with store closings and down- sizing, healthcare services traditionally located in office have overall higher credit ratings, which can provide further stability to the centers that house them. HIPAA, Anti-KickBack and Stark Law Issues

of the tenant and confirm that no immediate family member has a financial relationship with the entity. Operational Issues Medical leasing often re- quires different additional use and zoning considerations compared to other leases. For instance, will the tenant need separate utilities and a sepa- rate generator? Are there co- tenancy and/or restrictions which need to be addressed? If you have an urgent care going into an outparcel, could that break a restriction with an existing tenant? How will the medical waste be disposed? Clearly, you will not want that waste being mixed in with stan- dard waste for both health, as well as legal reasons. If you have an urgent care, have you addressed access issues for ambulances? Has parking been addressed? A phlebotomy lab may be busy during down times at the cen- ter, but where will everyone park on a busy weekend? How will your tenant address these issues? Enforcement Issues If you need to evict a medical tenant, do you know who owns the equipment and how will it be removed? There is a big dif- ference between having shelves and other abandoned property disposed of and getting rid of a MRI machine. Have you ob- tained copies of their UCCs for equipment so you know who to contact? These are few of the many issues Stark & Stark can help you cover before you can reap the benefits of having a health- care tenant. As long as medical services want to provide conve- nient healthcare, and landlords want low-risk tenants, signing a medical lease will be a win- win. Our Shopping Center and Retail Development Group focuses on helping landlords, owners, and developers boost and protect their businesses. TomOnder is a sharehold- er and Chair of the Shop- ping Center & Retail Devel- opment Group, as well as a member of the Real Estate, Litigation, and Bankruptcy & Creditors’ Rights Groups of Stark & Stark. Dolores Kelley is a share- holder andmember of Stark & Stark’s Business &Corpo- rate, Real Estate, Zoning & Land Use and Beer &Spirits Groups.  Signing your Medical Lease

With a medical lease, make sure to cover your bases to comply with the Health In- surance Portability and Ac- countability Act (“HIPPA”), the Anti-Kickback statute and the Stark Law. For HIPAA, you will need to have a provision addressing access and control of the space to protect medical records. Concerning the Anti-Kickback statute, make sure you meet all the requirements for the Lease of Space Exception. For the Stark Law, you’ll first need to review the corporate structures

$3.5 trillion per year), ac- cording to a recent report f r om CNN. The industry is only expect- ed to grow, as drivers such as the Afford-

b u i l d i n g s , l i k e d e n - ta l , phys i - cal therapy, and medical imaging, are relocating or e x p a nd i n g i n t o shop - ping centers.

However, before you sign that medical lease, there are some things you should be mindful of in the negotiations. Though all leases differ, medical leases tend to vary even more. Using a cookie cutter form to create a lease will cause issues down the road. Covering all legal, opera- tional and enforcement issues in your lease will protect your business and provide for a mu- tually beneficial relationship with your new medical tenant.

Thomas Onder

Dolores Kelley

able Care Act create millions of more insured consumers and the changing demograph- ics push for easier and quicker access to healthcare. As the retail sector struggles

Currently, only about 10% of shopping centers have a healthcare tenant. These ten- ants bring in a steady flow of foot traffic for shopping centers. Medical tenants also

Shopping Center and Retail Development

Zoning & Land Use Purchase & Sale Financing

Tenant Bankruptcy & Creditors’ Rights Lease Drafting & Negotiation Evictions Property Tax Appeals Eminent Domain Construction Litigation Insurance Coverage Environmental & Green Building Collection Enforcement Litigation

tonder@stark-stark.com • 609.219.7458 • www.Stark-Stark.com • 993 Lenox Dr., Lawrenceville, NJ 08648

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Riley, Khan and Stine orchestrate 23,500 s/f retail space in York Marketplace Bennett Williams Commercial brokers 49,620 s/f of leases in Central PA Y cial represented the tenant and Khan, Myers, Rohrbaugh, and Stine represented the landlord in the transaction. ICSC PA/NJ/DE C onference & D eal M aking

ORK, PA — Bennett Williams Commer- cial , one of the larg- est third-party, commercial real estate firms in Central Pennsylvania has arranged the sale/lease of the following transactions: Leases: 23,500 s/f retail space at York Marketplace, 2501 E. Market St., Springettsbury Twp., York County. Crunch Fitness leased the space from BRE RC York MP PA, LP. Travis Riley and Abe Khan of Bennett Wil- liams Commercial represented the tenant and Khan, Brad Rohrbaugh, and Chad Stine of Bennett Williams Commercial represented the landlord in the transaction. 3,600 s/f retail space at Yor- ktown Mall, 131 N Duke St., York City. Alex and Sheila Vargas dba Panaderia La Re- dencion leased the space from Ok Jo Shin. Ryan Myers of Bennett Williams Commercial represented the landlord in the transaction. 2,200 s/f retail space at 269 Columbia Mall Dr., Hemlock

LP. Gary Russell and Khan represented the tenant in the transaction. 1,600 s/f retail space at Lime Spring Square, 205 Rohrer- stown Rd., East Hempfield Twp., Lancaster County, PA. Modern Nails leased the space from 206 Roherstown Road, LP. Khan, Rohrbaugh, and Stine represented the landlord in the transaction. 1,526 s/f retail space at Ship- pen Towne Centre, 106 S. Conestoga Dr., Shippensburg Twp. Drayer Physical Therapy Institute, LLC leased the space from Shippensburg (Shippen) SRX, LLC. Shaffer, Justin Willits , Rohrbaugh, and Stine of Bennett Williams Commer- cial represented the landlord in the transaction. 3,500 s/f retail space at Lyn- rose Plaza, 319 W. County Line Rd., Horsham Twp. A&A Holdings Group, LLC dba Le- gion Transformation Center leased the space from Edward Moser. Greg Whedbee of Bennett Williams Commercial represented the tenant in the transaction. 

3,000 s/f office space at 639 South St., McSherrystown Borough. Web 2.0 Ranker, LLC leased the space from LaCasa BC, LLC. Myers represented the landlord in the transaction. 2,800 s/f retail space at Con- stitution Plaza, 6-18 Constitu- tion Ave., Shrewsbury Borough. Golden Rayz, Inc. leased the space from Qui Ma. Karen Neiderer , Rohrbaugh, and Stine of Bennett Williams Com- mercial represented both the tenant and the landlord in the transaction. 1,385 s/f retail space at Camp Hill Commons, 79 Erford Rd., East Pennsboro Twp., Cumber- land County, PA. Sprint leased the space from Senate Plaza Bar, LP. Shaffer, Rohrbaugh, and Stine represented the ten- ant in the transaction. 2,826 s/f retail space at Blue Ridge Village, Linglestown Rd., Lower Paxton Twp. RHAClean, Inc. dba Tide Dry Cleaners leased the space from BRCC,

2501 E. Market St.

Twp. Starbucks leased the space from RE Locators. Dave Nicholson and Riley of Ben- nett Williams Commercial represented the tenant and Joe Spagnola of Bennett Williams Commercial represented in the landlord in the transaction. 1,173 s/f retail space at York Mall, 2801 E. Market St., Sprin- gettsbury Twp. Cricket Wire- less leased the space from THF York Development, LP. Blake Shaffer , Khan, Rohrbaugh and Stine of Bennett Williams Com- mercial represented the tenant in the transaction. 910 s/f retail space at Olde

Tollgate Village, 2579 S Queen St., York Twp. Lashed Out, LLC leased the space from Olde Tollgate Associates, LLC. Shaffer and Walker Monteith of Bennett Williams Com- mercial represented the ten- ant and Rohrbaugh and Stine represented the landlord in the transaction. 1,600 s/f retail space at Shop- pes at Cedar Cliff, 1104 Carlisle Rd., Lower Allen Twp., Cum- berland County. RJR Enter- prises, LLC dba CBD American Shaman leased the space from Cedar Cliff, LP. Joe Spagnola of Bennett Williams Commer-

M id A tlantic Real Estate Journal — Shopping Centers — ICSC PA/NJ/DE Conference & Deal Making —— August 23 - September 12, 2019 — 13A ICSC PA/NJ/DE C onference & D eal M aking

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MID-ATLANTIC RETAIL

GLA/ Acreage Anchor Tenants

Property Name

Address

City/State

Kmart, Burlington, Market Basket

Hanover Avenue NJ Route 35 & Main St. Route 70 & N. Locust Ave. Route 440 & Goldsborough Dr. Plain St. & Lowell Connector Medway St. & Beaver St. Adjacent to Foreign Trade Zone Route 18 & Foxborough Dr. Route 46 & Waterview Blvd. Springfield Ave. at Roselyn Pl. Springfield Ave. near I-78 State Hwy. 73 & Sunbird Dr. S. Delsea Dr. (Rte. 47) & College Dr. Black Horse Pike & Main St. Boston Rd. & Tower Farm Rd.

Shops at Billerica

Billerica, MA Lowell, MA

306,876

272,907 Target, Marshall’s, Best Fitness

Meadow Brook Center

Milford Crossing

158,806 Stop & Shop, HomeGoods, TJ Maxx

Milford, MA

Mount Olive, NJ Old Bridge, NJ Parsippany, NJ Hanover, NJ Evesham, NJ Eatontown, NJ Bayonne, NJ Marlton, NJ

Marketplace at Monmouth Harbor View Marketplace Shoppes at Renaissance Square

239,929

Costco Wholesale Club

243,800 Future Development

127,920 Virtua Medical Group, Children of America

Vacant Land Sunbird Plaza Cedar Village

123,593 Lowe’s

26,041 Future Development

19.9 AC Across from Walmart, Sam’s, TJ Maxx 9.33 AC Across from Walmart Supercenter 145,880 Whole Foods, Homesense, DSW, Ulta

Foxborough Plaza

Waterview Marketplace

Vacant Land Vacant Land

0.199 AC Vacant Land 0.3239 AC Vacant Land

Union, NJ

Vauxhall (Union), NJ

Vineland Marketplace

Vineland, NJ

TBD

Future Development

Williamstown, NJ

94,452 CVS, Dollar General

Williamstown Shopping Center

Thomas G. Mirandi | tel 212.265.6600 x239 | tmirandi@rdmanagement.com

M id A tlantic Real Estate Journal — Shopping Centers — ICSC PA/NJ/DE Conference & Deal Making —— August 23 - September 12, 2019 — 15A ICSC PA/NJ/DE C onference & D eal M aking

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Milford Crossing | Milford, MA

Meadow Brook Center | Lowell, MA

OPPORTUNITIES

GLA/ Acreage

City/State

Property Name

Anchor Tenants

Address

Route 13 & Bennie Rd.

26 AC Across from Walmart Supercenter

Vacant Land Grand Plaza

Cortland, NY Deer Park, NY

Commack Rd. & Grand Blvd. Saratoga Rd. & Glenridge Rd.

189,125 Kohl’s, Stop & Shop, Pet Supplies Plus

Lake Shore Plaza II & III Target Shopping Center

Glenville (Albany), NY 170,616 Target, Pet Supplies Plus

Lake Ronkonkoma, NY 170,451 Stop & Shop, Regal Cinemas, Dollar Tree Portion Rd. & Patchogue-Holbrook Rd.

Harriman Commons

Monroe/Woodbury, NY 711,816 Walmart, Target, Home Depot, BJ’s

Routes 17/6 & Route 32 Route 59 & Hutton Ave.

Home Depot Shopping Center

Nanuet, NY

276,792 Home Depot, Raymour & Flanigan, Staples

Orangeburg Commons

Route 303 & Palisades Pkwy. Montauk Hwy. & Station Rd.

Orangetown, NY Southampton, NY Stony Point, NY

143,219 Stop & Shop, Residence Inn

The Mill

29,314 Provisions Natural FoodsMarket, SoulCycle

Stony Ridge Plaza

Route 9W & Park Rd. 660 White Plains Rd.

21,212 US Post Office

660 White Plains Road

Tarrytown, NY

279,254 Adjacent to Super Stop & Shop

Home Depot Shopping Center

Hanover St. (Rte. 34) & I-81

Carlisle, PA

140,715 Home Depot, Chili’s

Five Points Plaza

Montgomeryville, PA 133,124 BJ’s Wholesale Club, Lowe’s Cowpath/HorshamRd. @Rte. 309

Vacant Land

Rte. 309 & Pumping Station Rd. Hamilton Blvd. & Grange Rd. Horsham Rd. & N. Whales Rd.

Montgomeryville, PA

6,400

Proposed Restaurant Pad

Richland Marketplace

Quakertown, PA Trexlertown, PA

444,531 Target, BJ’s, Best Buy, Petsmart, Staples

Macungie Crossing Shopping Ctr.

36,671 Near Walmart Supercenter

Thomas G. Mirandi | tel 212.265.6600 x239 | tmirandi@rdmanagement.com

rdmanagement.com

16A — August 23 - September 12, 2019 — ICSC PA/NJ/DE Conference & Deal Making — Shopping Centers — M id A tlantic

Real Estate Journal

www.marej.com

New owners investing millions in improvements Colliers International repositions Lynnhaven North, Virginia Beach, VA with 17 new tenants V • Cheese and Wine Tavern: 4,540 s/f • Kitique: 4,700 s/f ICSC PA/NJ/DE C onference & D eal M aking

space. “This is the fourth shop- ping center that we’ve been assigned by Mishorim,” said Tyler Brooks, senior associate with Colliers International. “They are seriously invest- ing in the Hampton Roads market, and we’ve proven our ability to attract new tenants and add value to these com- mercial properties.” New tenants include: • Surge: 41,262 s/f • SK8 House: 27,000 s/f • Tao Foot Spa: 2,000 s/f • Jazzercise Lynnhaven Fit- ness Center: 2,000 s/f

IRGINIA BEACH, VA — Colliers In- ternational’s Norfolk office is working with owners Mishorim Gold VAB LP to reposition Lynnhaven North Shopping Center in Virginia Beach after the company purchased it in January. In less than six months, the leasing team has brought 17 new tenants to the shopping center including two major entertainment anchors that will offer plenty of fun from trampolines to skating. Mishorim Gold VAB LP,

• Barbell Syndicate: 3,500 s/f • 7 City Café &Grill: 1,000 s/f • Stallia Inc.: 3,000 s/f • 7 Cities Vape: 2,500 s/f • 757 Dance: 3,000 s/f • Shirtquarters: 1,200 s/f • Palace of Beauty: 1,200 s/f • Living Water Music & Arts: 1,000 s/f • Luxury Nail &Spa: 2,897 s/f • The Collective Tattoo and Body Piercing: 5,000 s/f • Dawn Pilates: 1,000 s/f Drew Brees, quarterback for New Orleans Saints, is co-owner of Surge Adventure Park that will open its 14th location at Lynnhaven North. The 41,262 s/f space will be completely transformed into an indoor trampoline and adventure park with zipline courses, climbing walls, ob- stacle courses and foam pits. In addition to family friendly entertainment, Surge will be available for special events, birthday parties and will offer a lounge for parents. Surge Adventure Park is new to southside Hampton Roads. Other locations are in Alabama, Louisiana, North Carolina, South Carolina, Florida, Oklahoma and New- port News. SK8 House VB is building two roller rinks in the 27,000 s/f space. The larger 10,000 s/f rink is being designed for free skating, and a smaller rink will be used for training and children. Other entertain- ment offerings will include a modern arcade, e-game cen- ter, jungle gym and special event/party rooms. Food concepts will include a traditional snack bar, Jelly Ball and Chicken Spot. “We’ve already had tremendous in- terest from roller derby and roller hockey enthusiasts,” said Amante Canonizado, fi- nance director for SK8 House. “We want to bring a fresh modern twist to roller skat- ing and will include seating for viewing and socializing.” Lynnhaven North Shop- ping Center is surrounded by dense residential subdi- visions, professional office parks, industrial parks, Na- val Air Station Oceana and easy access to I-264. The Lynnhaven retail sub- market contains 1,800,000 s/f of retail space and is anchored by General Growth’s 1.3 mil- lion s/f Lynnhaven Mall. 

Surge Adventure Park

based in Orlando, is making a multi-million investment to improve the façade and park-

ing areas. The center was built in 1985 and comprises 173,191 s/f of prime retail

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M id A tlantic Real Estate Journal — Shopping Centers — ICSC PA/NJ/DE Conference & Deal Making —— August 23 - September 12, 2019 — 17A The Space Place Your Guide to Available Retail Space ICSC PA/NJ/DE C onference & D eal M aking

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Name of Center & Location Pohatcong Plaza 1250 US Highway 22 Phillipsburg, NJ 08865

Available Sq. Footage

Company Contact Information

Anchor Stores

Co-Tenants