Metro Commercial Brokers Lease Transaction for Party City in Millville, NJ
Party City is the latest retailer to join the Union Lake Crossing shopping center
MT. LAUREL, NJ – March 27, 2008 – Metro Commercial, the region’s largest full-service retail real estate firm, announced today that it has completed an 8,354-square-foot lease transaction for Party City in Millville, NJ.
Party City, the largest retail party store in the United States, is the most recent addition to the Union Lake Crossing shopping center at 2108 North 2nd Street.
Metro Commercial also brokered the lease transaction for the center’s Target, (135,000-square-feet) PetSmart, (20,100-square-feet) Circuit City (20,000-square-feet) and Dress Barn (7,500-square-feet) stores.
Glenn Marvin of Metro Commercial represented Party City in the lease transaction. “We are always proud to help our tenants address their growth and expansion,” says Marvin, who is the exclusive leasing representative for Party City. “Union Lake Crossing is the premier shopping center in this area, and it will help Party City to establish a presence in the area that can only grown bigger and better in the future.”
Union Lake Crossing joins a burgeoning retail complex that includes the rapidly expanding Cumberland Mall. The Vineland/Millville retail hub has created 1,000 new jobs and is now second in size to only that of the King of Prussia Mall complex in Pennsylvania.
Developed by Goodman Properties, Union Lake Crossing consists of a 60-acre-tract, which lies at the hub of southern New Jersey’s rapidly expanding Cumberland County. The shopping center spans 2,000 feet of Route 47 (Delsea Drive) just 1,000 feet south of the Route 55 expressway. The center is exposed to a combined traffic count of over 35,000 vehicles per day.
A city of 27,000 residents, Millville offers affordable housing, plenty of room for manufacturing and commercial enterprise, and easy transportation access to major regions throughout the Northeast Corridor. The city is currently developing new projects with the same goal of incentivizing significant economic development and creating enough new revenues to continue neighborhood revitalization.
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.
