REAL ESTATE

Levin promotes Frantzman to senior leasing rep

BY Michael Fickes

North Plainfield, N.J. — Levin Management has promoted Jake Frantzman to senior leasing representative. Responsible for more than 1.6 million sq. ft. of gross leasable area throughout Levin’s extensive management and leasing portfolio, Frantzman handles leasing for Somerset Shopping Center in Bridgewater, N.J., Paramus Place in Paramus, N.J. and Stafford Park Shopping Center in Manahawkin, N.J. He also serves as leasing agent for the retail component of Edgewater Harbor, a mixed-use waterfront redevelopment in Edgewater, N.J.

Frantzman takes part in ICSC’s “Next Generation” program for real estate professionals seeking to develop their careers and build relationships in the shopping center industry.

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REAL ESTATE

Wegmans plans Massachusetts expansion

BY Dan Berthiaume

Gates, N.Y. – Wegmans Food Markets begins recruitment for full-time positions March 4 for its latest Massachusetts location, Burlington, which is scheduled to open in fall 2014. The company’s third location in the state is a 135,000 sq.-ft. supermarket that includes a Market Cafe with indoor and outdoor seating. Going forward, Wegmans also plans to open more stores in Massachusetts, including a location in Westwood, in 2015.

Available full-time positions include everything from entry-level management positions to culinary professionals. The Burlington store will employ approximately 600 people, most of whom will be hired locally. Of these, at least 200 full-time positions will be filled. Part-time hiring will be announced in summer 2014.

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P.Siegel says:
Mar-05-2014 03:23 pm

Their expansion into the suburbs of Clevelnnd would be a wise and profitable one.

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REAL ESTATE

Wayfair expands lease for planned Boston headquarters expansion

BY Dan Berthiaume

Boston — Online retailer Wayfair has added 170,000 sq. ft. to its lease with Simon Property Group at The Offices at Copley Place in Boston’s Back Bay neighborhood. In anticipation of a June 2014 relocation, the additional space brings Wayfair’s new office space to a total footprint of 275,000 sq. ft.

Currently based at 177 Huntington Avenue, Wayfair announced a 105,000-sq.-ft. lease with Simon Property Group and plans for a June 2014 move last spring. However, following a year of rapid growth and expansion, Wayfair now requires additional square footage to accommodate its Boston-based employees in a headquarters relocation to take place later this year. The new space is roughly three times the size of the company’s current headquarters and provides further expansion options to accommodate continued growth.

"With more than 1,600 employees, Wayfair is quickly becoming one of the largest employers in Boston," noted Niraj Shah, CEO and co-founder of Wayfair. "We are proud of our Boston roots and believe our location in the Back Bay is optimal for attracting and retaining top talent. We are excited to expand our footprint in the city of Boston and look forward to our move later this year."

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