METRO COMMERCIAL ARRANGES 20,000 SF LEASE AT SHOPPES AT IV

October 6, 2011

by Metro Commercial

Mt. Laurel, NJ – October 6, 2011 – (RealEstateRama) — Metro Commercial Real Estate, Inc., the tri-state region’s premier full-service retail real estate company, has negotiated a 20,000 SF lease for Chuck E. Cheese.

The entertainment center will be located at 275 Route 4 in Paramus, NJ within the Shoppes at IV. Owned by Mall at IV Group Properties, Inc., this 134,000 SF power center includes Macy’s Furniture Gallery, Thomasville and Paramus Jewelers Exchange.

Metro Commercial’s Pete Nicholson represented the owner in the transaction. Chuck E. Cheese was represented by Ripco Real Estate. The chain is slated to open in the 1st quarter of 2012.

“This tenant will complement the other furniture and jewelry stores in the center and provide consistent traffic,” said leasing agent Pete Nicholson.

Chuck E. Cheese brings families together in a wholesome environment for fun, games and kids. There are over 500 entertainment centers in 48 states and 6 countries.

About Metro Commercial
Metro Commercial (www.metrocommercial.com) is one of the largest full-service retail real estate firms in the region with transaction considerations exceeding $1.1 billion. Metro Commercial specializes in retail tenant representation, shopping center leasing, property management, and investment property sales. With 3 offices located in Pennsylvania and New Jersey, Metro Commercial currently represents over 50 national retailers and serves as the exclusive leasing agent for more than 200 properties, totaling nearly 20 million square feet.