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Tuesday, November 29, 2011
Tuesday, November 22, 2011
Stuart Conston of Equity Retail Brokers Arranges Sale of Two Former Department Store Leases
Stuart Conston of Equity Retail Brokers has arranged the sale of the ground leases of two former anchor department store buildings attached to Montgomery Mall in North Wales and Oxford Valley Mall in Langhorne, PA. Both buildings were previously occupied by Boscov’s.
The ground leases were for the 165,800 SF +/- two level building attached to Oxford Valley Mall and the 167,600 SF +/- three level building attached to Montgomery Mall. Stuart Conston and Rob Samtmann of Equity Retail Brokers represented the seller.
Montgomery Mall, located on SR 309 & US 202 in North Wales, and Oxford Valley Mall, located on US 1 (business) in Langhorne, are both two level, enclosed super-regional malls, each with over 1
million SF of gross leasable area, over 150 specialty shops, a food court, and are both anchored by Macy’s, Sears and J.C. Penny.
For more information on how we can help you fill retail vacancies, please feel free to contact Stuart (484-417-2205, sconston@equityretailbrokers.com) or Rob (484-417-2208, rsamtmann@equityretailbrokers.com) directly.
Equity Retail Brokers is a full-service commercial real estate firm that specializes in retail properties located in eastern Pennsylvania, southern New Jersey and Delaware. Equity Retail Brokers offers leasing, management, and investment sales services to owners of retail properties. Equity also has a corporate real estate service group that offers tenant representation, consulting and disposition services to retail corporations. Equity Retail Brokers is an affiliate of the Retail Brokers Network. The Retail Brokers Network is an affiliation of over 60 real estate offices in North America. For more information on Equity Retail Brokers, please contact Edward Ginn at 484-417-2201.
The ground leases were for the 165,800 SF +/- two level building attached to Oxford Valley Mall and the 167,600 SF +/- three level building attached to Montgomery Mall. Stuart Conston and Rob Samtmann of Equity Retail Brokers represented the seller.
Montgomery Mall, located on SR 309 & US 202 in North Wales, and Oxford Valley Mall, located on US 1 (business) in Langhorne, are both two level, enclosed super-regional malls, each with over 1
million SF of gross leasable area, over 150 specialty shops, a food court, and are both anchored by Macy’s, Sears and J.C. Penny.
For more information on how we can help you fill retail vacancies, please feel free to contact Stuart (484-417-2205, sconston@equityretailbrokers.com) or Rob (484-417-2208, rsamtmann@equityretailbrokers.com) directly.
Tuesday, November 15, 2011
Thursday, November 10, 2011
New Additions to ShopRite Center
Rose Urban of Equity Retail Brokers was pleased to represent the Landlord, Scarborough Properties of Gibbsboro, NJ, in two (2) lease transactions at the Marmora ShopRite Center, 9 Roosevelt Avenue, Marmora, Cape May County, NJ. A total of approximately 3,034 SF of inline and endcap space was leased. They are as follows:
- We R Wireless, d/b/a Verizon Wireless, leased approximately 1,562 SF of endcap space. Verizon Wireless opened their store this summer.
- Bacharach Institute for Rehabilitation leased approximately 1,472 SF of inline space. Bacharach opened their facility in September, 2011.
Both tenants signed long-term leases and are great additions to the successful Marmora ShopRite Center.
Please feel free to contact Rose at 610-645-7700, Ext. 112 for information on other retail opportunities in Cape May County, NJ.
Wednesday, November 2, 2011
A Big "Island" Welcome
A Big “Island” Welcome. Rose Urban of Equity Retail Brokers was pleased to represent the Landlord in leasing a total of approximately 8,716 SF of inline and endcap space at Island Gym Plaza, located at 801 Tilton Road, Northfield, Atlantic County, NJ. The two (2) new lease transactions are as follows:
- Pioneer Education, Inc., d/b/a Jolie Hair and Beauty School, leased approximately 7,500 SF of endcap space. They were represented by Reeves & Melvin Real Estate. Pioneer signed a ten (10) year lease and plans to spend a significant amount on Tenant Improvements in the space, showcasing a first class beauty academy. Pioneer Education, Inc. operates 27 different schools, but this is the first Jolie Hair and Beauty School in the State of New Jersey. The school opened in September, 2011.
- Joseph Diamond Martial Arts Studio leased approximately 1,216 SF of inline space. They are relocating from within the market, as Island Gym Plaza continues to attract strong tenants. Joseph Diamond Martial Arts Studio has been serving the Philadelphia and Southern New Jersey area since 1992. The studio opened in October, 2011.
Please feel free to contact Rose at 610-645-7700, Ext. 112 for information on other retail opportunities.
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