New grocery store fills long-time Capital Plaza vacancy
MT. LAUREL, NJ – April 14, 2008 – Metro Commercial, the region’s largest full-service retail real estate firm, announced today that it has brokered a 17,584-square-foot lease transaction for Save-A-Lot supermarket in Ewing, NJ.
Save-A-Lot, one of the nation’s leading edited assortment grocery chains, opened recently in the Capital Plaza shopping center at Route 206 and North Olden Avenue, taking up nearly half the space left vacant when a Super G market closed in July 2005. Mike Murray of Metro Commercial represented Save-A-Lot in the lease transaction. Metro Commercial has leased nearly 70,000-square-feet to the store’s new locations throughout the region.
“Save-A-Lot is emerging as one of the nation’s premier value-added grocery chains,” says Murray. “The store’s latest lease expansion will better enable the chain to meet its expected level of growth.” The Save-A-Lot grocery store network spans from Maine to California, serving more than 4 million shoppers each week.
Capital Plaza, a 284,000-square-foot shopping center, is home to Forman Mills, Ashley Stewart, American Furniture, K & G Superstore, AJ Wright and Kicks USA.
Though the atmosphere of Ewing is primarily residential, a considerable portion is zoned for commercial and industrial use. The township has excellent access to major highways including Interstate 95 and Route 1.Media Contact:
Metro Commercial Real Estate
Michael Reisman
610-260-2671
mreisman (at) metrocommercial (dot) com
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, investment property sales and construction services. With 3 offices located in Pennsylvania and New Jersey, Metro Commercial currently represents nearly 50 national retailers and serves as the exclusive leasing agent for more than 200 properties, totaling nearly 20 million square feet.
