REAL ESTATE

NRDC announces new tenant at Shrewsbury Plaza

BY Katherine Boccaccio

Shrewsbury, N.J. — National Realty & Development Corp. said Tuesday that Colonial American Bank has joined the line-up of tenants at Shrewsbury Plaza, located in Shrewsbury, N.J.

Colonial American Bank’s location in the 225,000-sq.-ft. shopping center is the bank’s second location in New Jersey and is slated to open spring 2013.

Anchor tenants at the center include Marshalls, Acme and AC Moore.

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REAL ESTATE

Winick Realty to roll out South Asian restaurant concept in Manhattan

BY Katherine Boccaccio

New York — Winick Realty Group said Tuesday it has been appointed the exclusive broker for Desi Shack, a fast-casual South Asian restaurant concept with one current location in Midtown East.

Desi Shack plans to open two more locations within the next 12 months, seeking sites measuring 600 sq. ft. to 1,500 sq. ft. in the Financial District, Midtown East, Midtown West, Flatiron, Union Square, the Upper East Side and the Upper West Side of Manhattan.

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REAL ESTATE

rue21 and Monroe Expo Center to open at Mall of Monroe

BY Katherine Boccaccio

Frenchtown Township, Mich. — Youngstown, Ohio-based Cafaro Co. said Monday that rue21 will open a new store at Mall of Monroe, located in Frenchtown Township, Mich.

The 5,700-sq.-ft. store is slated to open June 2013 in the mall’s south concourse, and will be the only rue21 location in Monroe County.

Cafaro also said that The Monroe Expo Center opened Feb. 4, converted from a former retail use to a 51,000-sq.-ft. event space.

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