M id A tlantic Real Estate Journal — September 23 - October, 20, 2022 — 3A
www.marej.com
M id A tlantic R eal E state J ournal
4,000 s/f store, eight-pump gas station slated to open by end of year JMF Properties & RD Management break ground on 7-Eleven with gas in Hanover Twp., New Jersey
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several retail projects JMF Properties and RD Manage- ment partnered on in recent years. In March 2019, the de- velopers opened Harbor View Marketplace in Bayonne. Later that same year, JMF and RD opened Waterview Marketplace in Parsippany, home to Whole Foods, Home- sense, DSW, Old Navy, Ulta Beauty, and Shake Shack. JMF and RD are also trans- forming the former Colgate- Palmolive campus in Morris Twp. into Morris Marketplace, currently one of the largest rede- velopment projects in NJ. MAREJ
Sports Arena, a popular Morris County recreation and sports destination with three indoor ice rinks. “We are excited to bring such a well-liked national tenant to the market on a full scale with eight gas pumps in addition to a freestanding convenience store. The new location on E. Hanover Ave. will allow for easy access to the community and those traveling on Rtes. 202 and 287,” said Richard Birdoff , principal and president of RD Management. Cedar Village is one of
ANOVER TWP., NJ — JMF Proper- ties and partner RD
Manage - ment LLC announced that con- struction of a new 7-Eleven convenience store and gas station is underway in Hanover Twp.
Joe Forgione
The development partners recently broke ground on the project at Cedar Village, a 19- acre retail center anchored by Lowe’s Home Improvement at 230 E. Hanover Ave. The new 7-Eleven convenience store will be 4,000 s/f and include a gas canopy with eight pumps, offering a total of 16 fueling positions. One pump will offer diesel fuel. Self-service air and vacuum will also be onsite. The estimated completion date of the project is December 2022, according to Joe For- gione , the founder and princi- pal of JMF Properties. “This brand new 7-Eleven will provide Morris County resi- dents with a convenient new option for their shopping and fueling needs,” Mr. Forgione said. “Along with our partner, RD Management, we identified 7-Eleven as a business that would thrive in this location and contribute a desired service to local residents and motorists, including visitors to Mennen Arena as well as contractors and other professionals who make frequent trips to Lowe’s. We’re thrilled to announce this groundbreaking and look for- ward to the success of the busi- ness for many years to come.” 7-Eleven is rising on property once owned by aerospace and defense company Northrop Grumman. The property was vacated in 1985 and remained vacant until the JMF/RD team remediated the site and created the Cedar Village retail center. The property’s anchor tenant, Lowe’s, opened its doors to customers in 2019. The addition of the 7-Eleven with gas will further distin- guish Cedar Village, a highly visible shopping center in a high-income area on a heav- ily traveled thoroughfare that connects Hanover Twp. to Morris Plains, Florham Park, Morristown and other local communities, as well as Route 24, Rte. 202 and Rte. 287. It is across the street from Mennen
Construction is underway on 7-Eleven With Gas In Hanover Twp., NJ
1,000+/- STUNNING ACRES ALONG THE RAPPAHANNOCK IN THE NORTHERN NECK Development Value (including Golf), Conservation Value, Mineral Rights, Timber, Hunting & Fishing. BANKRUPTCY SALE: FONES CLIFFS, RICHMOND COUNTY, VA
AUCTION NOV. 3 @ 12:00 P.M. QUALIFYING BIDS DUE OCT 31. LOW MINIMUM BID $4,250,000! (LAST SOLD FOR $12,500,000) Buyer Brokers Coop 2% IN RE: Virginia True Corporation, Chapter 11 Bankruptcy Case No.: 19-42769-NHL, US Bankruptcy Court EDNY
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