Insights

Hilltown Crossings to undergo major redevelopment, Burlington to open

BY Katherine Boccaccio

Plymouth Meeting, Pennsylvania — Wolfson Group will launch a redevelopment of Hilltown Crossings, a community shopping center with a gross leasable area of 354,458 sq. ft., located on Route 309 at Orvilla Road in Hatfield, Pennsylvania.

The company is investing $6 million to upgrade the entire shopping center with new storefront facades, additional signage, and other improvements to enhance visibility. In fall 2014, a new Burlington Coat Factory will open, creating 50 new jobs.

Originally constructed in 1995, Hilltown Crossings was the first Delaware Valley project completed by Wolfson Group, a commercial real estate development and management company specializing in shopping centers. Once anchored by a supermarket and a Walmart of 125,000 sq. ft., the early tenants at Hilltown Crossings provided local residents with convenient access to neighborhood shopping and dining.

In 2012, Walmart made a multi-million dollar investment in its Hilltown Crossings store, expanding the store to a 220,000-sq.-ft. Walmart Supercenter; the new Burlington Coat Factory will occupy the original supermarket site.

Other tenants in the shopping center currently include Dollar Tree, Sovereign Bank, PLCB Wine & Spirits, Verizon Wireless, Frankford Cleaners, Hair Cuttery, Osaka Japanese restaurant, McDonald’s, and Renzo Gracie. An additional 40,000 sq. ft. of re-tenanting with national and local tenants will be completed in fall 2014 and spring 2015.

“As our portfolio of commercial properties expands throughout the greater Philadelphia region, we remain equally committed to the success of our earlier shopping centers,” said Steven B. Wolfson, chairman and CEO, Wolfson Group.

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MacDade Mall attracts junior anchors with recent redevelopment

BY Katherine Boccaccio

Plymouth Meeting, Pennsylvania —The newly redeveloped MacDade Mall – located at 2600 MacDade Boulevard in Holmes, Pennsylvania – has attracted two new junior anchors: Marshalls, which opened in August 2013, and Ross, which will hold its grand opening this month.

The circa-1969 mall was redeveloped by owner/operator Wolfson Group, which invested $10 million to gut the entire structure down to the steel, remove the mall’s interior enclosure, install new utilities, and re-orient storefronts with all-new facades toward the street—effectively “de-malling” the shopping center so tenants can welcome a new generation of customers.

Additionally, a new central corridor provides access to tenants situated in the rear of the site.

Straddling the line between Ridley Township and Glenolden Borough, the 97% leased MacDade Mall includes 274,500 sq. ft. of retail space and parking for 875 cars. Anchored by Big Kmart and ACME, retail tenants include TD Bank, Citizens Bank, Retro Fitness, McLaughlin’s Beverage, Hair Cuttery, Ruby Tuesday, Ambiance Nails, SONIC, and Burger King, with additional tenants to be announced in coming months.

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The Opus Group to build three Gander Mountain stores

BY Katherine Boccaccio

Minneapolis — The Opus Group announced plans to build three 52,000-sq.-ft. retail buildings for St. Paul, Minnesota-based Gander Mountain. The new retail stores will be located in Augusta, Georgia; Newnan, Georgia and Algonquin, Illinois.

Opus has previously completed four retail buildings for Gander Mountain in Alabama and Georgia.

The new retail facilities will help Gander Mountain achieve its vision for a smaller, more open concept retail space. An open floor plan organized in a circular path will allow customers to conveniently move throughout the mercantile floor and help to accommodate large outdoor recreation goods and equipment.

“Passion for the outdoors is what matters most to us, and our continued partnership with Opus is helping us offer the best outdoor and recreation retail experience to Gander Mountain customers,” said Eric Jacobsen, Gander Mountain’s executive VP and director of real estate.

Opus Design Build, L.L.C. is the general contractor and CMA is providing architecture services. Construction on the new buildings will progress through the summer with completion slated for fall 2014.

Beyond these three projects, Opus Design Build, L.L.C. is also performing tenant improvements on a 96,275-sq.-ft. space at an existing Gander Mountain store in Forest Lake, Minnesota. These renovations are scheduled for completion fall 2014.

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