Real Estate Journal — Shopping Centers — February 23 - March 15, 2018 — 7A


M id A tlantic

S hopping C enters

Nassimi Realty acquires new retail building inGreat Neck, NY

Developer to bring a new grocery store to downtown SVN-Miller Commercial Real Estate brokers 14,960 s/f sale S

forward to reviving this strip and bringing more activity to this already bustling area”. In a second transaction, Nassimi Realty welcomed Verizon Wireless to the Air- port Village shopping center located in Coatesville, PA. Verizon has signed a five- year lease which now brings the center to 100% occu- pancy. They are expected to open in mid-March. Daniel Nassimi stated: “We are very happy to add another strong national tenant to the cen- ter. We have worked hard to bring this center to where it is today and we are proud of our accomplishments. This addition will bring an influx of customers to the center.” n

GREAT NECK, NY — Nassimi Realty announced the acquisition of a retail

s t r i p c en- ter located on 25 Cut- termill Rd. i n G r e a t Neck. The p r o p e r t y features 11 retail spaces with seven

T. MICHAELS, MD — SVN-Miller Com- mercial Real Estate senior advisor Henry Hanna, CCIM, SIOR recently sold a 14,960 s/f building located at 114 S. Talbot St. in St. Michaels. The building was formerly occupied by Acme, which closed in October of 2017 after 30 years at this location. Hanna was retained by the seller, West Talbot Improve- ment Association, after Acme decided not to renew their lease. “We achieved the goal Landmark property sees rapid progress under Paramount Assets Ownership NEWARK, NJ — A recently signed lease with 7-Eleven and the opening of Blink Fitness at Ironbound Plaza mark the start of a new chapter for this Newark landmark property at 2 Ferry St. Paramount As- sets purchased the triangular- shaped, limestone-clad building vacant in early 2017; less than 12 months later it has been renovated and fully leased. Initially built as a bank build- ing in the city’s heyday and later converted for medical use, Ironbound Plaza sits on the cor- ner of Market St., adjacent to Newark Penn Station. Its new retail tenants will benefit from that facility’s 30,000-person average weekday passenger count. At the same time, the convenience store and the af- fordable fitness chain’s first Newark location are positioned to serve the city’s growing Ironbound district residential population, as well as CBD commercial occupants. “We recognized an excellent opportunity to reposition and repopulate a historically sig- nificant property with national tenants that truly will serve the surrounding community,” not- ed Richard Dunn , senior vice president of Paramount Assets. “This includes commuters look- ing to grab a cup of coffee on the way to the train, Newark-based professionals wanting to get in a workout after business hours, and local residents needing a quick grocery pickup – and ev- ery combination therein.” DavidDunkelman of Soloff Realty served as tenant broker in the Blink Fitness lease at Ironbound Plaza. Urszula Zoltek from Zoltek Realty represented 7-Eleven. n

Daniel Nassimi

of those spaces currently occupied. The property has 11,250 of retail s/f including a 4,160 s/f basement. Daniel Nassimi stated: “We are thrilled to announce the acquisition of another property in our hometown of Great Neck, NY. We look

114 S. Talbot St.

of a quick sale for the seller, while remaining sensitive to the concerns of the St. Mi- chaels community,” stated Hanna. “We found an expe- rienced developer willing to work to bring a new grocery

store to downtown and rede- velop the property in keeping with the atmosphere that St. Michaels treasures. We be- lieve the sellers, the buyer and the town will be pleased with the final results.” n

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