M id A tlantic Real Estate Journal — Retail Development Reimagined — September 17 - October 21, 2021 — 27A M id A tlAntic Real Estate Journal — Retail Development R imagined — March 19 - April 15, 33
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R etail D evelopment R eimagined New location in Hamilton Twp., NJ supports expansion Vantage Commercial secures new location for Goodwill H AMILTON TOWN- SHIP, NJ — Van- tage Commercial ORTH P L A I FIELD, NJ Amid he chal lenges of D 700,000 s/f of transactions & ew agency a signments amo g 2020 Levin Mgmt. ushers in 2021 with a look back on pr gress N
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announces another large-scale retail lease in Hamilton Twp. As the leasing representa- tive for Goodwill Industries of Southern New Jersey and Philadelphia, Leor Hemo , president and chief executive of Vantage Commercial, worked closely with Michael Shaw , their COO, to secure a long- term lease of a +/- 20,400 s/f store that will accommodate Goodwill’s rapid expansion and growth in the region. The new store, located within the Ham- ilton Plaza shopping center on NJ Hwy Rte. 33 in Hamilton Twp., joins a diverse roster of co-tenants including Shop- rite, Petco, Dollar Tree, Texas Roadhouse, T-Mobile and other national retailers. Hemo worked closely with Sidney Singer and Ed Vasconcellos III of Levin Management Corporation (LMC) , Hamilton Plaza’s leas- ing and managing agent, to se- cure the lease. Goodwill’s high volume of sales coupled with a growing demand for stores in higher demographic regions, necessitated the need for this location. Goodwi l l Indus t r i es o f Southern New Jersey and Philadelphia is a non-profit, Highligh s of LMC’s re ail leasing activity included an an hor lea e with off-price etail r Burlington Store at Mill Creek at Harmon Meadow (Secaucus), a 24,000 s/f l ase ith Aqui Market at Twi City Shopping Center (Bayon e) and a 20,000 s/f le se with Planet Fitness at ayfair Shopping Cen ter (Co m ck, NY). LMC’s transactional activ ty also bro ght a ho t of renewals as ell as new retailers and service provide s to the region punctu by n arly one dozen leases with restaurant tenants – several of which have already launched opera- tions. Other openings involved 2020, commercial real t t s rv ces firm LevinManage- ment Corporation (LMC) achieved tangib e progres – a promising sign for the industry moving into a new year. Over the past 12months the North Plainf e d bas organization se ur d ne rly 700,000 s/f of new leases and r newal , added new leasing and management assign- ments, solidified its staff with ne ires/prom tions, and ga nered several industry recognition .
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Burlington Stores at Mill Creek at Harmon Meadow
high-profile anchors like Lidl (North Brunswick) and Burl- ington Stores (Raritan). Non-retail leasing highlights within LMC’s diversified port - folio included a 135,000 s/f renewal by Hall’s Warehouse Corp. at Rutgers Industrial Center (Piscataway). community-based organiz - tio . Its mission is to provide job training and career ser- vices that help prepare indi- viduals with disabilities and disadvantages for competitive employment in the commu- nit . Included in this mission is Goodwill’s Helm Academy, which offers tuition-free op- portunity for adults 18 and over to ear their high school diplom . The large-scale c l- lection and resale of do ted items in Goodwill’s retail stores fund these important programs while contributing to the re- gion’s recycling efforts. “Despite the economic un- certainty and business-related disruptions facing our indus- try since March, there has been progress – with certain key dynamics coming into sharpened focus,” said LMC’s Matthew Harding , chief ex- ecutive officer. “For example, positive landlord/tenant rela- tions have always been impor- tant. During 2020, as tenants worked to navigate an incred- ibly difficult environment, we approached everything on a very granular basis, review- ing the distinctive needs and nature of each business. Like - wise, we have done the same with our landlord clients and their individual properties to “We are confident that Mi - chael Shaw and Goodwill In- du tries will be very successful in Hamilton Twp. They are ex- cit d to enter this new market
help them best respond to ten- ant requests and operational needs. “This customized approach has always been central for our team; however, this year has intensified the practice to a new level that we will sustain moving forward,” Harding added. “This is an ad- vantage we can provide over some of our larger, nationally focused peers.” LMC also continued to ex - pand its leasing and manage- ment portfolio, which today totals 110 properties total- ing nearly 15.5 million s/f. The firm was appointed leas - ing and managing agent for Springfield Avenue Market - place, a 112,000 s/f supermar- ket-anchored property at 204- 234 Springfield Ave. in New - ark. In Bergen County, LMC was named managing agent for Marketplace at Edgewater, a 73,000 s/f shopping center located at 725 River Rd. in Edgewater. MAREJ and to continue to grow. We are happy that we were able to locate the right retail sp ce to help them accomplish thei g als,” Hemo stated. Goo will will occupy the for- mer A.C. Moore space Ham- ilton Plaz . The 175,500 s/f shopping center sits at the in- tersection of heavily traveled Route 33 and Whitehor e- Hamilton Squ re Rd. “Hamilton Plaza has long been a premier local shopping and dining destination,” s id Vasconcellos. “Tenants are drawn here by the accessible location and strong mix of re- tailers, restaurants a d service providers. For Goo will, the vailability of a ‘retail-r ady’ space m de the opportunity even mor attractive. MAREJ
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