Real Estate Journal — Shopping Centers — July 29 - August 11, 2016 — 5A
www.marejournal.com
M id A tlantic
S hopping C enters Chaus of Chaus Realty represents H Mart in 25,000 s/f
Advance Realty & Invesco Real Estate partner to acquire 60 Rte. 17 North in Paramus, NJ
Realty and I n v e s c o Real Estate has agreed to terms on a lease that wi l l b r i ng H Mar t to Pa r amu s . The super- P
market will occupy 25,000 s/f at the retail center at 60 Rte. 17 North. Situated alongside DSW Designer ShoeWarehouse and PetSmart, H Mart’s newest store — its ninth in New Jer- sey —will occupy a space that was formerly home to Staples. Headquartered in nearby Lyndhurst, H Mart’s other New Jersey locations include
Fort Lee, Leonia, Englewood, Edison, Cherry Hill, Little Ferry and Ridgefield. Shadow-anchored by the Westfield Garden State Plaza, the third-largest mall in the New York Metropolitan Area, 60 Rte. 17 North was acquired in 2015 by the joint-venture partnership, which was at- tracted to the retail center due, in large part, to its loca-
tion on an established trade corridor. “Paramus has long served as a magnet for shoppers in Bergen County and be- yond,” said Jared Minatelli , Advance Realty’s director of asset management. “The property at 60 Rte. 17 North, which consistently captures a high volume of retail traffic, was a perfect fit for HMart as it looked to capitalize on this thriving market and add to its growing list of locations.” Minatelli, along with Gold- stein Group president C huck Lanyard and sales associate
ARAMUS, NJ —The joint-venture part- nership of Advance
Eric Wallis , represented the joint-venture partnership in the transaction, while Jeff Chaus of Chaus Realty represented H Mart. Advance Realty and Invesco Real Estate partnered to ac- quire 60 Rte. 17 North as part of a 244,000 s/f retail portfolio comprised of two properties and four buildings. The other properties, located at 289-315 Rte. 17 South, feature 169,200 s/f of space, and are home to a PGA Tour Superstore, P.C. Richard & Son, as well as other occupied retail and office spaces. n
Jared Minatelli
RE_ad_version1.qxp 11/2/2005 11:54 AM Page 1 Bennett Williams brokers 13,097 s/f of retail transactions LLC purchased the property from Evercore Trust Company, NA. Beau Brown of Bennett Williams Commercial repre- sented both the buyer and the seller. n
YORK, PA — Bennett Wil- liams Commercial has ar- ranged the sale/lease of the following transactions: 1,000 s/f at 123 Baltimore St., Hanover Borough. Allyssa Pe- terson leased the property from Richard Flickinger. Denny Neiman of Bennett Williams Commercial represented the tenant and Karen Neiderer of Bennett Williams Commercial represented the landlord. 1,130 s/f at Shoppes on Quen- tin, 1451 Quentin Rd., North Cornwall Twp. The UPS Store leased the property fromPrinci- po Health Center I, LLC. Chad Stine and Brad Rohrbaugh of Bennett Williams Commer- cial represented both the ten- ant and the landlord. 1,200 s/f at Foxshire Plaza, 1931 Fruitville Pike, Manheim Twp. Metro PCS leased the property from Foxshire, LP. Abe Khan of Bennett Williams Commercial represented the tenant and Tom Troccoli of Bennett Williams Commercial represented the landlord. 2,000 s/f at Manor Shopping Center, 1204 Millersville Pike, Lancaster Twp. A List Studio leased the property fromMont- gomery Acquisitions, LP. Mark Jacobs of Bennett Williams Commercial represented the tenant and Jacobs, Rohrbaugh, and Stine represented the land- lord in the transaction. 3,500 s/f at Shoppes on Quen- tin, 1451 Quentin Rd., North Cornwall Twp. Aspen Den- tal Management, Inc. leased the property from Principo Health Center I, LLC. Stine and Rohrbaugh represented the landlord in the transaction. 1,435 s/f at Hanover Cross- ing, 499 Eisenhower Dr. Eu- phoria Spa leased the property from Ridge North Shopping Center Associates, LP. Stine and Rohrbaugh represented the landlord in the transaction. 2,832 s/f retail building sold at 255 Horsham Rd., Horsham Twp. Lucky 7 Deli Horsham,
Looking for sites in PA & S. NJ End Cap, In-line, Free Standing Flexible Space Requirements Seeking Retail Opportunities Consistently Ranked #1 Franchise - 50+ Y ear T rack Record
Non-Traditional Venues - Hospitals/Colleges Universities/B&I/Stadiums/Casinos/Airports
Eastern PA — Local Contacts: Philadelphia PA & Southern NJ —
610-366-8120 x 24, Cheryl Green green_c@sdepa.com 410-752-6760 x1230, Rawley Shelton rshelton@sandumanagement.com
realestate.subway.com www.subway.com
facebook.com/SDEPA1
Made with FlippingBook HTML5