4-26-13

Mid Atlantic Real Estate Journal — Shopping Centers — April 6 - May 9, 013 — 7B

www.marejournal.com

S hopping C enterS

James Balliet represented both parties KW Comm’l. completes 6,567 s/f lease at 160 Crest Blvd.

The James Balliet Commercial Group “The Lehigh Valley’s Premier Full Service Commercial Real Estate Company”

• Shopping Center Sales & Leasing

• Retail, Office, Medical & Industrial Properties

A

LLENTOWN , PA — KW Commercial- The James Balliet

• Tenant Representation

Business Brokerage

• Commercial Land Brokerage

Commercial Group com- pleted a lease transaction of 6,567 s/f at Crest Plaza located at 1620 Crest Blvd. Crest Plaza is a Target Great- land andWeisMarket anchored Power center. Additional ten- ants at Crest Plaza include Pennsylvania Wine and Spirits Premium Selection Store, Rite Aid, Applebee’s, Stone Cold Ice Creamery, The UPS Store and many more national and regional Tenants. James Balliet, president of KW Commercial-The James Balliet Commercial Group represented both the landlord, Kana Realty Corp. and the tenant, Christopher Banks/ CJ Banks in the transaction. n VIRGINIA & PENNSYL- VANIA — Brixmor Prop- erty Group , an owner of community and neighborhood shopping centers negotiated the following transactions: • 6,400 s/f foot Shoe Show recently opened at Lake Dr. Plaza, located on Hardy Rd. at Clearview Dr. in Vinton, VA, Brixmor was represented inhouse by Jason Fox with Brixmor. • 2,400 s/f Nail Doctor leased space at New Garden SC in Kennett Square, PA. Brixmor is the owner. • 2,450 s/f Rice Inn recently opened at Bethel Park in Bethel Park, PA. Janet Nas- sif of Keller Williams Real Estate represented Rice Inn. The owner, Brixmor was rep- resented by Linda Berger with Brixmor. • 2,000 s/f Oki Sushi recently opened North Penn Market- place in Lansdale, PA. Brix- mor is the owner of North Penn Marketplace and was represented by Tammy Hov- hannesian with Brixmor. • 2,000 s/f lease was executed with Smoke Shop at Bristol Park in Bristol, PA. Brix- mor is the owner of Bristol Park and was represented by Craig Sherby with Brix- mor. • 1,200 s/f A&DNails recently opened at Dillsburg Shopping Center, located in Dillsburg, PAannounced Brixmor is the owner of Dillsburg Shopping Center and was represented by Berger. n Brixmor Property leases 16,450 s/f

• Multi Unit Apartments

• Distressed Property & Asset Management

KW Commercial | 40 S. Cedar Crest Blvd.| Allentown, PA 18104 610-435-4711 2010, 2011 & 2012 CoStar Power Broker Award Winners!

www.LehighValleyCommercial.com

1620 Crest Blvd.

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We’re looking for sites in PA End Cap, In-line, Free Standing Flexible Space Requirements   Retail Opportunities Needed Consistently Ranked #1 Franchise - 45+ Y ear T rack Record

Non-Traditional Venues - Hospitals/Colleges Universities/B&I/Stadiums/Casinos/Airports

Local Contacts:

RANDOLPH, NJ — In a transaction brokered by R.J. Brunelli & Co., Inc. , Gary’s Wine & Marketplace has signed a lease for 11,100 s/f at The Shoppes at Randolph, an 80,560 s/f specialty shopping center currently under con- struction on Route 10 in this Morris County municipality. The center, a development of Grecco Realty, LLC of Ran- dolph, recently received final site plan approval. “We are seeing a great deal Eastern PA —

610-366-8120 x 24, Cheryl Green green_c@sdepa.com Philadelphia PA — 610-768-8990, Rawley Shelton rawleyshelton@gmail.com

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