M id A tlantic Real Estate Journal — Retail Development — November 2024 — 39
www.marej.com
R etail D evelopment
ID ATLANTIC — Brian Wherty and Rob Samtmann of Equity Retail Brokers , in collaboration Bialow Realty represented Sleep Number in securing three new leases in New Jersey and Delaware: 1. The Shops at the Cross- ings, Burlington, NJ: A brand- new development with na- tional tenants such as Rais- ing Cane’s, Panera Bread, Freddy’s Frozen Custard, Discount Tire, Home2Suites, and Tru by Hilton 2. The Christiana Mall, Christiana, DE: Set on an outparcel of the Christiana Mall, Sleep Number’s new- In other retail news, Samt- mann represented Kids Em- pire and helped the company secure a lease at Center Point Place in the heart of the Warm- inster, PA retail corridor. Kids Empire is an interactive indoor play space for children of all ages and their families. At 12,000 s/f, the facility will feature floor-to-ceiling climb - ing walls, play structures, ball pits, slides, creative interactive games, and more. MAREJ Vantage Commercial facilitates sale of 73 South Auto Sales est Delaware location joins Dick’s Sporting Goods, Mat- tress Firm, 5.11 Tactical, and Bahama Breeze Island Grill. 3. The Marketplace at Gar- den State Park, Cherry Hill, NJ: Located 15 minutes from Sleep Number Transactions located in New Jersey and Delaware Equity Retail brokers reps. Sleep Number in three leases M Center City Philadelphia, the 550,000+ square foot project is anchored by Wegmans and in- cludes The Home Depot, Best Buy, Dick’s Sporting Goods, and more.
Redevelopment brings additional outparcels LMC announces center wide upgrades for West Orange Plaza
West Orange Plaza
WEST ORANGE, NJ — Following a 211,500 s/f lease with national retail chain Target, a multi-million-dollar redevelopment is underway at West Orange Plaza in West Orange. The program will expand the Whole Foods-an- chored shopping center at 235 Prospect Ave. from 296,500 to 311,500 s/f in its initial phase. “As one of the country’s most desirable anchor ten- ants, Target will add vibrancy and economic activity both to West Orange Plaza and the surrounding community,” said Sidney Singer , VP of leas- ing at Levin Management Corporation (LMC) . “At a time when available shopping center space is limited for new construction, West Orange Plaza’s enviable demographics
and ability to accommodate Target’s needs in an existing former K-mart space created the ideal leasing scenario.” Redevelopment of the 32- acre property will take place in stages. Initially, a portion of the property’s main building is be- ing renovated and expanded for the new Target store – includ- ing loading dock modifications to accommodate omnichannel needs. The Target building and related site improvements will be completed in the fall of 2025. Additionally, Phase I fea- tures new, ground-up construc- tion of an 8,400 s/f building and a 5,500 s/f addition to one of the property’s existing outpar- cel structures. Construction will commence this fall, with anticipated completion by late 2026. MAREJ
represented both the seller and the buyer in the sale. Dana Hileman, owner of 73 South Auto Sales, said “Ken Richardson and Vince Ceroli were with us every step of the way in the sales process and made the experience very positive with their motiva- tion to get us to the finish line.” MAREJ
HAMMONTON, NJ — Vantage Commercial an- nounced the sale of the car lot located at 138 Rte. 73 in Hammonton, which was the home of 73 South Auto Sales. The transaction was facili- tated by Ken Richardson , VP and partner, and Vince Ceroli , senior advisor, both of Vantage Commercial, who
73 South Auto Sales
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Robert Heidenberg 234 Closter Dock Road Closter, New Jersey 07624
Heidenberg Properties Group We can't wait for our properties to grow!
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