16A — June 27 - July 10, 2014 — Shopping Centers — 1 -( % 80%28-'

Real Estate Journal



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.

Village Commons

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. „

Tom Gorman

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.

Edgewater Harbor

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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