16A — June 27 - July 10, 2014 — Shopping Centers — 1 -( % 80%28-'
Real Estate Journal
S HOPPING C ENTERS
The Goldstein Group places 7500 s/f restaurant in Edison
Deal co-brokered by Riccardi of NJ Commercial Realty Charter Realty & Dev. leases 11,382s/f inOakParkCommons
EDISON, NJ — The Gold- stein Group , a provider of retail real estate services in New Jersey, announced it has placed Quaker Steak & Lube restaurant in Edison. Quaker Steak & Lube, a fast-casual restaurant, has over 60 locations throughout the country. “We are excited to have rep- resented Quaker Steak and Lube in securing its second New Jersey location,” said president, Chuck Lanyard . “A long standing client of The Goldstein Group, the restaurant owner has exten- SCRANTON, PA — NAI Summit’s John Cramp- sie represented Greenridge Plaza Associates & ECG Greenridge LP in the lease renewal at 1606 Nay Aug Ave. in Scranton. The tenant, Aaron’s Inc., is a sales and lease ownership and specialty
sive restaurant experience throughout the tri-state area as the owner operates numer- ous Applebees and Panera Bread restaurants.” In Edison, Quaker Steak & /XEHÀOOHGDVISDGVLWH at Wick Shopping Plaza located on Route 1. The center is an- chored by TJ Maxx and Path- mark with other tenants in- cluding Radio Shack, Mandee, Auto Zone, Qdoba, Five Guys, Games Stop, Sally Beauty Sup- ply and Planet Fitness. Vice president, John Ostrowski and Lanyard, were responsible for the transaction. retailing of residential and office furniture, consumer electronics, home appliances and accessories. Crampsie also represented the owner in a lease with Payless Shoesource Inc. for 3,500 s/f retail space at 1618 Nay Aug Ave. in Scranton. Tom and Brad Nathanson will quickly deepen our market leading position in the dis- position of Retail properties throughout Greater Philadel- phia.” Prior to joining CBRE, Tom spent nearly 11 years with Marcus &Millichap, including more than eight years as an Investment Sales Specialist, focusing on single-tenant net- lease investments. Some of his major transactions included leases for Sheetz, Exxon/Mo- bil, Citibank, Wells Fargo, Fulton, Wachovia, CVS, Wal- greens, and Rite Aid. For the past 16 months Tom has served as Regional Manager of Marcus & Millichap’s Boston Region, where he oversaw the recruiting, hiring, and train- ing of real estate investment sales agents. He also served in management in the Phila- delphia and Washington, D.C. regions. “With the addition of the Annapolis Towne Center lo- cation, we hope to reach the local customers that do not yet shop with us at our Down- town Annapolis location,” said Ben Wedgman, owner of Lou Lou. The new shop will be located next to Cleo’s Fine Oils and Paper Source on Towne Centre Boulevard.
S OUTH PLAINFIELD, NJ — Charter Realty & Development an- nounced that it has leased space in Oak Park Commons to Advance Auto Parts. Advance Auto Parts took 11,382 s/f and will be joining Dollar Tree, A&P, McDonalds, CVS, Subway, GNC, Wells Fargo, Goodyear, RadioShack, and H & R Block. The center is now 95% leased. The average household in- come within a 3 mile radius of Oak Park Commons is 7KH WUDIÀF FRXQW for this location is 21,000 ve- hicles per day. This deal was EAST PETERSBURG, PA — LMS Commercial Real Estate , a privately owned real estate company based in Lan- caster, has recently arranged the following lease transac- tions. Philadelphia Hoagie Co. leased 1,750 s/f at Village Commons, 2005 Miller Rd., East Petersburg, PA. Village Commons is currently under re-development with two new retail buildings to capitalize on this prime location. Phase I will be opening in June 2014 with Phase II targeted for No- vember 2014. The 40,355 s/f Village Commons is an attrac- tive neighborhood shopping center with high exposure at the corner of Rte. 72 and Miller Rd. The landlord was repre- sented by Wilay Boensch of LMS Commercial Real Estate and the tenant was represented by Christine Sable of Sable Commercial Realty . Physical Therapy Associates of Manheim has recently leased EDGEWATER, NJ —Mark- ing a major milestone for Levin Management on New Jersey’s Gold Coast, the 100,000 s/f retail component of Edgewater Harbor, a premier mixed-use waterfront redevelopment on River Rd. in Edgewater, is now fully leased and open for business. Anchored by a 24,000 s/f HomeGoods, Levin’s leasing transactions to date at Edge- water Harbor include CVS/ pharmacy, Haven Riverfront Restaurant & Bar, Moe’s Southwest Grill, Beach Bum Tanning, Great Clips, Floris Nails & Spa, European Wax
NAI Summit represents owner in two PA retail transactions
Oak Park Commons
co-brokered by Rick Riccardi
of NJ Commercial Realty.
Boensch of LMS Comm’l. leases 3,430 s/f in two transactions
CBRE Greater Phila. hires TomGorman
PHILADELPHIA, PA — CBRE Group, Inc. (CBRE) announced that Tom Gor-
m a n h a s j o i ned t he ÀUP·V 3KLOD - delphia Bro- kerage Ser- vices group as senior vice president of Capital Mar- kets | Retail.
1,680 s/f at Manheim Shop- ping Center, 133 Doe Run Rd., Manheim. Manheim Shopping Center is a 129,349 s/f neigh- borhood retail center located off of Doe Run Rd. and Stiegel Val- ley Rd. The center is anchored by Longenecker’s True Value, CVS/pharmacy and Weis Mar- kets. The landlord and tenant were represented by Boensch. Lite Sales USA, an electronic cigarette shop, has recently
leased a 1,300 s/f at Union Square Shopping Center, 3901 Union Deposit Rd., Harrisburg, PA. Union Square Shopping Center is a 316,344 s/f retail center located along Union Deposit Rd. in Harrisburg, PA. The center is anchored by Gabriel Brothers and Weis Markets. The landlord and ten- ant were represented by Ellen Smoll of LMS Commercial Real Estate.
He will partner with Brad Nathanson , executive vice president of Capital Markets. “We are very pleased that Tom Gorman has joined CBRE,” said Bob Walters , executive managing director of CBRE’s nine Greater Phila- GHOSKLDRIÀFHV´)ROORZLQJRQ the heels of CBRE’s merger with FAMECO in late 2013, we have further strengthened our retail service delivery ca- pability with a proven veteran like Tom. We anticipate that OWINGS MILLS, MD — Greenberg Gibbons an- nounced today that Lou Lou will open a new 1,360 s/f store at Annapolis Towne Centre. Lou Lou is a locally owned and operated boutique re- tailer. With twenty locations in Virginia, Maryland, Mas- sachusetts and the District of Columbia, Lou Lou has become a go-to location for
LevinMgmt. completes Phase I lease up at Edgewater Harbor
Greenberg Gibbons adds Lou Lou lease fashionable and affordable ladies accessories.
Center, Sotheby’s Real Es- tate, Five Guys Burgers and Fries, Pampered Pregnancy
Boutique, Edgewater Eyecare, Dunkin Donuts and Touch of Elegance.
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