16A — July 24 - August 13, 2020 — Retail Development Reimagined — M id A tlantic Real Estate Journal
www.marej.com
R etail D evelopment R eimagined
Hunting Ridge Mall in Bedford and the DeCicco’s Center in Jefferson Valley Urstadt Biddle Properties Inc. announces two new management assignments J
anchored by DeCicco’s Gour- met Supermarket and Put- man County Savings Bank. Other tenants include Dunkin’ Donuts, Taconic Pharmacy, GiGi’s Pizza and Ginny’s Wine and Liquor. Commenting on the assign- ment, James Aries , senior vice president at Urstadt Biddle Properties, notes that these grocer-anchored shop- ping centers are thriving in a difficult environment but the owners recognized that they needed a professional manager to retain this momentum and enhance the leasing; especially
at Hunting Ridge Mall, where there are several retail and of- fice vacancies. Aries adds that retailers will have an interest in co-tenanting with a “best-in- class” grocer such as DeCicco’s who does a great job catering to an upscale clientele as they do in Armonk, Chappaqua and Larchmont. In addition, the offices will cater to NYC com - muters who may be reluctant to return to the city on a full- time basis. MAREJ continued from page 10A 10 signs the time has come for a . . . investors, project managers or outside accountants. An ERP platform will grow with you. 9. You can’t get straight answers in the support documentation. Industry expertise is a key driver to success and not likely to be achieved with a generic FAQ. When you subscribe to a robust cloud-based ERP, you will likely work with a highly trained and experienced value-added reseller (VAR) that knows how you need to use the system and what outcomes you expect. Further, your VAR can provide training for your em- ployees and quickly get them up to speed. 10. Potential investors might not take you seri- ously. Looking for investors and limited partners for your busi- ness? Congratulations! But you should know about a potential pitfall with a basic accounting system: there’s a very limited audit trail behind your account- ing data. Many experienced investors will tell a smaller business to migrate to a “real” system before coming back to reapply for funding. This ties back to this article’s original point: when you’re ready to take that next step in terms of capital, multiple properties and multiple revenue streams, you will be expected to show that you’re keeping professional financial records, too. Your business is growing. Don’t let your accounting soft- ware slow you down. Upgrad- ing your operations to a true cloud ERP system will allow your company to establish a firm foundation for long-term, profitable growth. Michael Mullin is presi- dent of Integrated Business Systems (IBS) in Totowa, NJ. MAREJ
EFFERSON VALLEY, NY — Urstadt Biddle Properties Inc. an- nounced that they have been retained as the managing and leasing agent of the Hunting Ridge Mall in Bedford and the DeCicco’s Center in Jefferson Valley. Both shopping centers have been owned by a local family for the past forty years. Hunting Ridge Mall, on Rte. 22 in Bedford is a 54,000 s/f shopping center that will be anchored by a new DeCicco’s Gourmet Supermarket. Long- time tenants include Bedford Pharmacy, Chez Nous Bakery,
Hunting Ridge Mall
Siemers Wine & Liquor, Chase Bank and CitiBank. There are also second floor offices.
The DeCicco’s Center, on Lee Rd. in Jefferson Valley, is a 35,000 s/f shopping center
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