3-11-16

4A — March 11 - 24, 2016 — M id A tlantic

Real Estate Journal

www.marejournal.com

M id A tlantic R eal E state J ournal The center has grown from207,000 to 299,000 square feet Heidenberg Properties celebrates Southport’s 25th S HIRLEY, NY — Some t e n a n t s m a y h a v e changed, but the recent

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25th anniversary of the South- port Shopping Center at 999 Montauk Highway in Shirley, NY, is proof that well-run, well- located centers can continue to dominate their markets. Developed by Heidenberg Properties ’ principals, the center first opened to the pub- lic in 1990 with original an- chors Caldor and Waldbaum’s. Over the years, the retail mix has evolved and the center has grown from 207,000 to 299,000 s/f. The first major expansion was the addition of a 33,000 s/f Sears Hardware in 1998.

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Southport Shopping Center

In 2000, Kohl’s replaced Caldor, adding an additional 10,000 s/f. Three years later, a 24,000 s/f strip of smaller stores was built, bringing Sleepy’s, Famous Footwear, Bank of America, and Lane Bryant to the center. In 2008, Waldbaum’s gave way to Stop & Shop, and a new 25,000 s/f Marshalls was constructed on the site as well. The former Sears Hardware was subdivid- ed in 2014 and now is home to Modell’s andMichaels. Finally, 2014-15 also saw the addition of Kay Jewelers and Dressbarn and a 10-year option exercised by Kohl’s. Today, the center remains 100% leased, with a number of the tenants, includ- ing Marshalls, Petland and Kohl’s, among the top perform- ers in their respective regions. “These new tenants and their successes are a testament to our reinvestment efforts, which included a façade reno- vation last year and ongoing commitment to finding and supporting the best, most relevant retailers,” said Ken Simon , VP of Real Estate. “By embracing the concept that the only constant in retail is change, we continue to make Southport and the balance of our portfolio prosper.” Heidenberg Properties is currently re-tenanting and expanding its Lake Plaza Shop- ping Center in Mahopac, NY, recently announcing Stop & Shop as its new anchor. In ad- dition, the company’s Berlin Mall in Central Vermont, ac- quired in 2010, will open a new freestanding Kohl’s this March. Expansion plans are also un- derway at the Hershey Square Shopping Center in Hummel- stown, PA, while The Plaza at Hauppauge, NY, recently saw the addition of Dollar Tree and several new tenants. n

Southport Shopping Center Shirley, NY Expansion from 207,000 to 299,000 GLA 100% Leased

Berlin Mall Berlin, VT | 250,046 GLA

Hershey Square Hummelstown, PA

Newly Expanded 93,539 SF Walmart 55,000 SF Kohl’s Opening March 2016

Hershey Square | Hummelstown, PA Development Expansion to 227,000 GLA New Pad Site Building Under Construction Development Expansion to 227,000 GLA New Pad Site Building Under Construction

hport Shopping Center | Shirley, NY ful Expansion from 207,000 to 299,000 GLA 100% Leased Y GLA

Berlin Mall | Berlin, VT | 250,046 GLA Newly Expanded 93,539 SF Walmart New 55,000 SF Kohl’s Opening March 2016

Hershey Square | Hummelstown, PA Development Expansion to 227,000 GLA New Pad Site Building Under Construction

Heidenberg Properties Group doesn’t wait for opportunity to come knocking. We actively seek it out. For over 30 years, our proactive approach to finding and developing value in our shopping center and retail properties has been grounded by our commitment to solid real estate fundamentals.

We Just Can’t Wait for Our Properties to Grow. st Can’t Wait for perties to Grow.

Heidenberg Properties Group doesn’t wait for opportunity to come knocking. We actively seek it out. For over 30 years, our proactive approach to finding and veloping value i our shopping center and retail properties has been grounded by our commitment to solid real estate fundamentals.

234 Closter Dock Road Closter, New Jersey 07624 201-768-1300 | info@heidenbergproperties.com www.heidenbergproperties.com

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