10A — May 25 - June 7, 2012 — Shopping Centers — Mid Atlantic Real Estate Journal
www.marejournal.com
S HOPPING C ENTERS
ÿ
EnvironmentalÿRisks Disclosures Compliance DueÿDiligence Permitting W E C ANÿ P UT THEÿ P IECESÿ T OGETHER
URCHASE, NY — Na- tional Realty & Devel- opment Corp. (NRDC), YoGo Factory new addition to CooperTowne Center National Realty & Dev. Corp. leases 12,500 s/f to PetSmart P
ens Northampton Crossing’s position as the premier shop- ping destination in the mar- ket”, said DovidM. Spector, di- rector retail leasing at NRDC. The center is well positioned in a high-traffic area with daily traffic counts totaling 15,400 vehicles on Route 248 and 24,350 vehicles on Route 33”. “We are thrilled to open our newest bakery-cafe in such a dynamic community,” said Braden Klinger, Joint Venture Partner, Panera Bread. “We are happy to offer the many business professionals, fami- lies and students in the com- munity fresh and wholesome food choices. Additionally, we’re excited that this drive-thru loca- tion will provide the con- venient service their busy schedules demand. We look forward to sharing our signa- ture Panera warmth here in Nazareth.” In other news, National Realty & Development Corp. by Metro Commercial’s Perry GraBois. This location was previously occupied by a Home Made Pizza Co. store. “This area of Hoboken is expe- riencing tremendous growth,” said GraBois. “We are thrilled to bring a fast-growing retailer of this stature to the neighbor- hood.” RedMango opened its first U.S. store in July 2007 in Los Ange- les and has since celebrated more than 170 store openings in North America. It was named the number one smoothie chain by Zagat in 2011. ■
(NRDC) announced that YoGo Factory has opened at Cooper- Towne Center in April 2012. The 366,865 s/f CooperTowne Center is situated at the in- tersection of White Horse Pike (Route 30) and Evesham Ave- nue (Route 544) in Somerdale, New Jersey approximately 10-miles southeast of Phila- delphia, PA. The shopping center is anchored byWalmart Supercenter, Cinemark 16- screen theatre, and a 4,000 member LA Fitness. “YoGo Factory is the area’s largest frozen yogurt cafe and provides a unique experience for all ages”, said Brian Petru- zzi, owner of YoGo Factory. ■
r e c e n t l y announced the opening o f Pan e r a B r e a d a t Northamp- ton Crossing. P e t S m a r t w i l l a l s o open at the center in late
Our legalÿandÿtechnicalÿteamÿcanÿhelpÿnavigateÿtheÿcomplexÿlegalÿ andÿregulatoryÿchallenges andÿbringÿallÿtheÿpiecesÿtogetherÿfor yourÿdevelopmentÿprojects. www.mgkflaw.com
Dovid M. Spector
spring. Northampton Cross- ings is located at 3768 Easton Nazareth Parkway at the in- tersection of Routes 248 and 33 in Easton, Pennsylvania. Panera Bread occupies a 3,860 s/f drive-thru space and PetSmart leased 12,500 s/f. The new additions join anchor tenants Walmart Supercenter, Kohl’s, Sam’s Club and Regal Cinemas. Other recent trans- actions at the center include Staples and Shoe Show lease renewals. “The leasing of Panera Bread and PetSmart strength-
a section of the Mid Atlantic Real Estate Journal P.O. Box 26, Accord, MA 02018 781-871-5298 • 800-584-1062 fax 781-871-5299 www.marejournal.com Shopping Centers Real Estate Journal
;D=?D;;HI
• IES congratulates all companies involved in the Quarry Center Project and is proud to have been a part of this team. • IES is a professional services company committed to delivering environmental, health & safety, engineering, and construction projects. • IES environmental professionals have performed Environmental Site Assessments, Remediation, Pennsylvania Act 2 Assistance, and Permitting for a variety of clients and properties. If the property is being considered for acquisition, expansion, redevelopment, or change of land use, IES can assist you in understanding the liabilities of potential or existing environmental contamination. • IES’ Environmental Site Remediation Services include:
GraBois of Metro negotiates new lease for Red Mango
HOBOKEN, NJ —Metro Com- mercial Real Estate, Inc., ne- gotiated a 1,350 s/f lease in
the heart of Hoboken for Red Mango, one o f t he fastest grow- ing retailers of all-natural frozen yogurt and fresh fruit smoothies.
Associate Publisher Elaine Fanning efanning@marejournal.com
• Phase I/II Environmental Site Assessments • Pennsylvania Act 2 Regulatory Assistance • Site remediation • Tank management • Permitting
Perry GraBois
This urban storefront, located at 213 Washington Street, is scheduled to open this summer. The lease was negotiated on behalf of Home Made Pizza Co.
Section Editor Rachel Rugman editor@marejournal.com
• IES’ project managers, engineers, and professional geologists stand ready to assist you on environmental site remediation projects. • IES focuses on the success of its customers and employees by providing the highest value innovative solutions to our clients through exceptional knowledge and experience.
Mark Taylor
Dean Zang
Christopher Munley
Derrick Dougherty Peter Snell Shopping Center & Net Lease Sales Specialists
www.taylorzangmunley.com
Corporate Headquarters: 1720 Walton Road • Blue Bell, PA 19422 Phone: 610‐828‐3078 • Fax: 610‐828‐7842 info@iesengineers.com www.iesengineers.com
3KLODGHOSKLD3$2IÀFH 215.531.7000 :DVKLQJWRQ'&2IÀFH 202.536.3700 www.marcusmillichap.com
Made with FlippingBook - Online Brochure Maker