Real Estate Journal — May 25 - June 7, 2018 — 7A
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M id A tlantic
M id A tlantic R eal E state J ournal
500,000+ s/f hybrid power and lifestyle center developed by Allied Properties MSC Retail completes 38,000 s/f of lease transactions at the Christiana Fashion Center
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to be announced shortly. The site enjoys tremendous regional access off of I-95 and DE Rt. 1 and is positioned directly across from the Nord- strom/Target anchored Chris- tiana Mall. The center is a popular shopping destination given its accessibility, tax- free shopping, and strong co- tenancy. MSC Retail handles addi- tional centers in Allied Prop- erties portfolio, including: Merchant Square, Berkshire Mall, Concord Mall, Christiana Town Center, and Brandywine Square.
ewark, DE — MSC Retai l announced lease transactions be-
tween eight tenants and Allied Properties at the Christiana Fashion Center, Fashion Cen- ter Blvd., Newark. MSC Retail represented Wilmington-based property management and development company, Allied Properties, during the lease transactions. Over the past year, MSC Retail completed 38,000 s/f of lease transactions with eight tenants at the Christiana Fash- ion Center, including: • Jersey Mike's Subs (1,500 s/f ): New Jersey-based sand- wich chain, now open • The Fortunoff Backyard Store (9,000 s/f ): New York- based outdoor furniture re- tailer, now open • MidiCi The Neapolitan Pizza Company (3,000 s/f ): Ital- ian wood-fired pizza restaurant, opening in May • Mattress Warehouse (5,500 s/f ): Locally owned and operated mattress retailer, opening in May • OrangeTheory Fitness (3,000 s/f ): Boca Raton-based HIIT group workout chain, opening in the summer • David's Bridal (10,000 s/f ): America’s largest bridal-store chain, opening in the fall • honeygrow (2,500 s/f ): Philadelphia-based stir fry and salad fast casual restaurant chain, opening in the fall • Turning Point (3,500 s/f ): Daytime breakfast, brunch, and lunch restaurant, opening in the fall The Christiana Fashion Cen- ter is a 500,000+ s/f hybrid power and lifestyle center de- veloped by Allied Properties in three phases. The center contains an appealing retail mix including a collection of large format specialty retail- ers, restaurants, entertain- ment, and lifestyle tenants. MSC Retail represented Zoe’s Kitchen, Qdoba, and Shake Shack during the Phase I leas- ing, which also included The Container Store, REI, Nord- strom Rack, Saks OFF 5th, DSW Shoes, Jared, Zoup!, and ULTA. During Phase II, MSC Retail leased the eight tenants listed above, joining Marshall’s & HomeGoods, Ted’s Montana Grill, and super regional enter- tainment concept, Main Event Entertainment, also in the Phase II lineup. MSC Retail is actively working on 11,000 s/f worth of deals, with additional big box and small shop tenants
Christiana Fashion Center
The difference is clear. Our transaction history attests to our market knowledge and an uncompromising commitment to your success.
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Jose Cruz Senior Managing Director (973) 549-2011 jcruz@hfflp.com
Jon Mikula Senior Managing Director (973) 549-2006 jmikula@hfflp.com
Jim Cadranell Senior Managing Director (973) 549-2007 jcadranell@hfflp.com Steve Simonelli Senior Director (973) 549-2035 ssimonelli@hfflp.com
Thomas Didio Senior Managing Director (973) 549-2008 tdidio@hfflp.com
Greg Nalbandian Senior Managing Director (973) 549-2021 gnalbandian@hfflp.com
Michael Klein Managing Director (973) 549-2005 mklein@hfflp.com
Kevin O’Hearn Managing Director (973) 549-2018 kohearn@hfflp.com
Michael Oliver Senior Director (973) 549-2032 moliver@hfflp.com
Jordan Avanzato Director (973) 549-2012 javanzato@hfflp.com
Marc Duval Director (973) 549-2015 mlduval@hfflp.com
Matthew Pizzolato Director (973) 549-2024 mpizzolato@hfflp.com
200 Campus Drive, Suite 410, Florham Park, NJ 07932 • (973) 549-2000
© 2018 Holliday Fenoglio Fowler, L.P., HFF Real Estate Limited (collectively, “HFF”), HFF Securities L.P. and HFF Securities Limited (collectively, “HFFS”) are owned by HFF, Inc. (NYSE: HF). HFF and its affiliates operate out of 26 offices and are a leading provider of commercial real estate and capital markets services to the global commercial real estate industry. HFF, together with its affiliates, offers clients a fully integrated capital markets platform including debt placement, investment advisory, equity placement, funds marketing, M&A and corporate advisory, loan sales and loan servicing. For more information please visit hfflp.com or follow HFF on Twitter @HFF.
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