CENTERS WITH LEASE SPACE AVAILABLE
This column is
devoted to existing centers of all sizes that have vacancies and are seeking new
tenants. Information includes specifics of each project, including such details
as when the center opened, annual sales, and types of retailers being sought.
Sample listings from a recent issue are shown.
NEW JERSEY
Franklin Lakes: 90,000 sq. ft. Urban Farms Shopping Center at High
Mountain and Franklin Lake Rds; new owners; center includes 74,000 sq. ft. of
retail space anchored by Market Basket bakery and 16,000 sq. ft. of office
space, as well as a separate 16,000 sq. ft. office building; other tenants
include Starbucks, TD Bank, and Hallmark; owner/leasing joint venture Urban
Farms Acquisition, LLC and Two Sunny Hill Associates LLC, 18 Columbia Turnpike,
Florham Park, NJ 7932, (973) 549-5002.
Hackensack: 30,000 sq. ft. Riverfront Plaza Shopping Center on 14
acres at River St, between Henry Place and E Moonachie Rd in Bergen County (See
SCD, 2/16/09); recently, long-term leases were signed with Blockbuster, Subway,
Talk of the Town Video, Water Depot, and Verizon Wireless; 97% occupied; a 3,400
sq. ft. space is available; anchor ShopRite 70,400 sq. ft.; population 79,000;
average household income $71,000; leasing Crossroads Cos (Ken Fioretti),
Crossroads Corporate Center, One International Blvd, Ste. 400, Mahwah, NJ 07495,
(201) 512-8743, Email: ken@crossroads-companies.com.
OHIO
Cincinnati: 220,000 sq. ft. Tower Place Mall at Fourth & Race Sts.
in Hamilton County (See SCD, 10/12/09); new leasing and management team; many
major tenants have left over the past several years; existing tenants include
Foot Locker, Victoria's Secret, music store Fye, and gift shop Everheart;
parking 1,600 cars; opened '91; population 1.17 million within 15 miles; average
household income $71,240; developer Northeastern Securities Development Corp
(Steven Frankel), 77 N Centre Ave, Rockville Centre, NY 11570, (516) 763-5300;
leasing Jeffrey R. Anderson Real Estate (Mark Fallon), Rookwood Tower, 805
Edwards Rd, Ste. 700, Cincinnati, OH 45209-1940, (513) 241-5800, Email:
mfallon@anderson-realestate.com.