Metro Commercial Brokers Lease Transactions for Waretown Shopping Center
MT. LAUREL, NJ – November 17, 2008 – (RealEstateRama) – Metro Commercial, the region’s largest full-service retail real estate firm, announced today that it has executed several lease transactions totaling over 10,000 square feet for the Waretown Town Center in Waretown, NJ.
Mark Gerlach of Metro Commercial represented the landlord, Coastal Redevelopment Urban Renewal Partners, LLC, in the lease transactions. The latest retailers to join the nearly 100,000-square-foot ShopRite Supermarket-anchored center include Dunkin’ Donuts, GameStop, Harvest Buffet, Vulcano Italian Restaurant, and Great Clips (represented by Metro Commercial’s Peter Nicholson). They are all expected to open in early 2009.
“Waretown Town Center offers an exciting alternative to the existing retailers currently in the trade area,” says Gerlach. “We expect the new retailers to cater to an increasingly diverse market. These popular retailers, combined with the center’s strategic location will make Waretown Town Center one of the area’s favorite shopping destinations.” The Waretown Town Center Ocean County location offers favorable demographics and is located on the busy Route 9 Corridor. In addition, Waretown is considered to be in the early stages of residential and retail growth.
Great Clips franchise owner Jeff Salmon say that one of the key factors for the hair salon joining the upscale center is the 60,000-square-foot ShopRite that has recently opened there. Salmon says that the supermarket has already exceeded sales expectations and is helping to drive area consumers to the location. “With ShopRite as the lead anchor tenant, we are confident that that retailers will experience a steady flow of consumer traffic.”
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.
