20A — May 10 - 23, 2019 — ICSC Recon — M id A tlantic

Real Estate Journal


ICSC Recon

I C HMO N D - M E - CHANICSVILLE, VA — NeumanCommer- Chesterfield Commercial Realty represents Nena Grove Lane, LLC in $2.85m sale Neuman Commercial Group closes sale of Atlee Square SC in Richmond-Mechanicsville, VA R

eral, Habitat for Humanity Restore, Senior Helpers, and Pamunkey County Library. Neuman Commercial Group, led by principal Gil Neuman , represented the sellers, Atlee Retail Center Associates, LLC. Chesterfield Commercial Re- alty represented the buyer, Nena Grove Lane, LLC. The property is located 10 miles north of downtown Rich- mond, VA at the U.S. Rte. 301 / Chamberlayne Rd. intersec- tion with combined 32,800 av- erage daily traffic. National re- tailers and eateries surround the center, including across the street a recently expanded

115,000 s/f Kroger Market- place. With a population of 1.26 million and a workforce of 677,000, the RichmondMSA is the 3rd largest in Virginia.  Starbucks Signs 2,500 SF Lease at Peninsula Shop- p i ng Cent er i n Hewlett, NY HEWLETT, NY — Basser Kaufman announced a 2,500 s/f lease with Starbucks at Peninsula Shopping Center, Hewlett. Located at the intersection of Peninsula Blvd. and Mill Rd., the 70,707 s/f Nassau County shopping center offers acces- sibility and convenience to the area’s affluent population. Starbucks inked a 10-year lease and joins Foodtown, Ace Hardware, GoHealth Urgent Care, Petland, and T-Mobile at this location. According to Rob Gold- feder , director of leasing for Basser Kaufman, “We are delighted to bring Starbucks to Peninsula Shopping Center. They are a first-class opera- tion that consistently serves a diverse array of delectable products. They typically draw upscale customers on a daily basis that will serve to en- hance the traffic for and suc- cess of our shopping center tenants.” Starbucks was represented by Russel Helbling of Sabre Real Estate in the transac- tion. Basser Kaufman repre- sented itself. In a seperate transaction, Basser Kaufman announced a new 15,000 s/f lease with Modell’s Sporting Goods at Marlboro Plaza, Marlboro, NJ. Located at the signalized intersection of NJ State Rtes. 9 and 520, the 303,503 s/f shopping center is based in one of Monmouth County’s most affluent communities. The shopping center has re- cently undergone an extensive renovation, including a new façade, elaborate landscap- ing, and updated parking area. Modell’s will accompany existing major tenants Hobby Lobby, T.J. Maxx, Kohl’s, Staples, and PetSmart, for a 10-year lease. Modell’s Sporting Goods was represented by Jerry Welkis of Welco Realty and Bill Farkas of Jeffery Realty . Basser Kaufman represented itself. 

cial Group, LLC has ar- ranged the sale of Atlee Square Re- tail Center, a 43,000 s/f re- tail and ser- vice destina- tion located

Gil Neuman

at 9167 Atlee Rd. in Rich- mond-Mechanicsville, VA. The sale price was $2.85 million. The center is 100% occupied by seven national and regional tenants including Dollar Gen-

9167 Atlee Rd.

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