Donahue Schriber secures $100 million in additional growth capital
Costa Mesa, Calif. — Donahue Schriber announced that its major investors New York State Teachers’ Retirement System and J.P. Morgan Strategic Property Fund have approved an additional $100 million common equity investment for growth capital.
The money will be utilized to help fund the company’s strategic growth plans over the next three to five years, according to chairman and CEO Patrick S. Donahue.
“We are thrilled with the level of commitment and support we receive from the New York State Teachers’ Retirement System and J.P. Morgan Strategic Property Fund. Our teams are in place, our balance sheet is stronger than ever, and we are well positioned to take advantage of new market opportunities,” said Donahue.
Levin announces leasing activity at Capitol Plaza
Ewing, N.J. — North Plainfield, N.J.-based Levin Management Corp. said Wednesday that Dollar Tree will open a store at Capitol Plaza, located in Ewing, N.J. The 13,810-sq.-ft. store is slated to open in the spring.
As well, a newly expanded Center for Allied Health & Nursing Education will celebrate its grand reopening at Capitol Plaza in March. The nursing school will be renamed Jersey College School of Nursing; it tripled its space to 30,000 sq. ft. in the shopping center, which is leased and managed by Levin.
Capitol Plaza’s roster also includes anchor tenants Marshalls, Save-A-Lot, Harbor Freight Tools and Forman Mills. Other national and regional retailers include Ashley Stewart, Kicks USA, Foot Locker and GNC.
Go Greenly will open at Riverfront Plaza
Hackensack, N.J. — Crossroads Cos. said that frozen yogurt franchise RCD Frozen Treats will open a 1,750-sq.-ft. store at Riverfront Plaza, located in Hackensack, N.J.
RCD Treats is a franchise of Go Greenly.
Riverfront Plaza is a 130,000-sq.-ft. neighborhood shopping center anchored by ShopRite. Other national retailers and service providers at the center include Chase Bank, GNC, H&R Block, KFC, Radio Shack, Subway, Supercuts, Taco Bell and Verizon Wireless.
The signing of Go Greenly follows two other recent leases at Riverfront Plaza. Previously, Crossroads Cos. had signed separate agreements totaling 7,250 sq. ft. with Hilti, a hardware retailer, and HSHS Liquors.