40 — November 2024 — Retail Development — M id A tlantic Real Estate Journal
www.marej.com
R etail D evelopment
F Steve Bussel, Chandler & Connor Vanderbeek rep. seller BRC handles sale of 20,000 s/f Flemington retail strip center
Navy Federal Credit Union at Whitman Plaza Breslin Realty’s Delavale inks 4,400 s/f lease in Philadelphia
LEMINGTON, NJ — Bussel Realty Corp. (BRC) announced its brokered the sale of 257 Rte. 202 in Flemington, a 20,000 s/f retail strip center, to Yam Holding Corp. for $3.2 million. Chandler Vanderbeek , vice president, Connor Vanderbeek , vice president, and Steve Bussel , SIOR, president, of BRC represented the seller, 257 Route 202 LLC, in the transaction. “We are thrilled to announce the sale of 257 Rte. 202 in Flemington, a fully leased 20,000 s/f retail strip center,” said Connor Vanderbeek. “It was very rewarding having the privilege to assist our client with getting the strip center 100% occupied and handling the sale afterwards.” 257 Route 202 in Flemington is a 20,000 s/f retail shopping NORTH BRUNSWICK, NJ — Azarian Realty Co. announced its newest signed lease with Bubble Island Playground, which is set to occupy 5,975 s/f, at The Shoppes at North Brunswick in North Brunswick. The Shoppes at North Brunswick is a 147,054 s/f premium lifestyle shopping center consisting of 47 ten- ant spaces ranging in size up to 10,000 s/f. It has an expansive parking lot and customer friendly and walk- able common areas. 62.5% of respondents now offer an online option for purchasing goods, scheduling appoint- ments for services or placing orders for pick-up. “We have seen a distinct shift from the conversations about ecommerce growth cut- ting into brick-and-mortar success to an acknowledge- ment that providing a range of channels benefits all, by enabling consumers to shop in whatever combination of Bubble Island Playground is an indoor kids’ gym that offers an array of party package options and play structures that fit individual child needs. Bubble Island Playground has two long- standing locations in Staten
Chandler Vanderbeek Connor Vanderbeek
Steve Bussel
330 Oregon Ave.
military personnel, veterans, and their families. It offers a range of financial services, including savings and check- ing accounts, loans, and credit cards, with competitive rates and low fees. The transaction was ar- ranged and negotiated for the landlord by Robert Delavale of the Breslin organization. The shopping center features a wide variety of retailers, such as ShopRite, Burlington Coat Factory, Ross Dress for Less, Goodwill, Skechers, Party City, Dunkin, GameStop, Cavity Busters, Love City Vet, GNC, One Main Financial, and many more. MAREJ
PHILADELPHIA, PA — Breslin Realty announced the grand opening of Navy Fed-
eral Credit Union at 330 Oregon Ave., Philadelphia. Navy Fed- eral is now open and occupying 4,400 s/f in the Whitman
257 Rte. 202
center located directly off Route 202 near the Flemington shopping circle and numerous major national retailers and outlet centers. The shopping center has such co-tenants as
Boni Tire & Auto, Kick Quest Martial Arts & Fitness, Koros Wargames, Hunterdon Ce- ramic Tile, Flemington VSC Smoke Shop and First Choice Aquatics. MAREJ
Azarian Realty Co. represents landlord in 5,975 s/f lease at Shoppes at North Brunswick
Robert Delavale
Plaza shopping center. This new branch is operating from the space recently vacated by Pet Valu. Navy Federal Credit Union is a member-owned financial institution primarily serving
Feldman Ruel brokers sale of 1426 21st St. NW, Washington, DC
WASHINGTON, DC — Feldman Ruel announced the sale of 1426 21st St. NW, Units S3 & S4. The second-generation restau- rant condominium, located in the Hartnett Building and formerly home to Duck Duck Goose, sold for $1.6 million. The property was acquired by Hansik En- terprises L.L.C., a Korean restaurant group planning to launch its first US location in Dupont Circle. Situated in one of Wash- ington, DC’s most sought- after food and beverage dis- tricts, the property offers a unique opportunity for the buyer to establish its flag - ship fine dining restaurant concept in a vibrant and established neighborhood. Known for its eclectic mix of retail, dining, and cultural amenities, Dupont Circle serves as an ideal location for the restaurant group’s first Washington, DC location. The seller, a partnership of local real estate investors, was represented by Josh Feld- man, Ian Ruel, and Adam
The Shoppes at North Brunswick
in-store and online best meets their needs,” said Harding. “The formula for success this season will be balancing in- novation with tradition.” That tradition can be found in the distinctive appeal of brick-and-mortar holiday shop- ping. Survey participants were asked to rank the advantages of the physical store environ- ment during this key season. Topping the list are: • In-person customer service and support. Bubble Island Playground joins other tenants in the center including Big Blue Swim School, Orange The- ory, LOFT, Starbucks, Chi- potle, The Vitamin Shoppe, GameStop, Crumbl Cookie, Island, New York, making their new location at The Shoppes at North Bruns- wick their first location in New Jersey.
• Product discovery (touch/ feel/try-on). • The convenience and grati - fication of “getting it now.” “People like to shop in per- son during this festive season,” noted Harding. “In addition to the best prices, they also are looking for convenience and service. Savvy retailers that can balance value with ‘all of the above’ benefits of brick- and-mortar will be well posi- tioned for a bright and merry holiday sales outcome.” MAREJ Kevin Pelio of Azarian Realty Co. represented the landlord with the tenant being represented by Jim Cheng of eXp Realty in this transaction. Azarian Realty Co. is the exclusive leasing and property management agent for The Shoppes at North Brunswick. MAREJ Men’s Wearhouse, and Girl Scouts DreamLab.
1426 21st St. NW
Costanzo of Feldman Ruel who were able to leverage the property’s location, existing restaurant infrastructure, and rare 80 feet of street frontage with outdoor seating capability to attract interest from both domestic and inter- national buyers. The buyer, Hansik Enterprises LLC, was represented by Anna Ens- ley of Samson Properties . Hansik Enterprises LLC, in partnership with Dalgaebi Conference House, will be bringing a new fine dining concept to the space. Dalgaebi is renowned for its traditional Korean cuisine in Seoul, ca- tering to busy professionals, delivering hearty and healthy Korean food. MAREJ
continued from page 21 Levin Management pre-holiday retail survey . . .
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