REAL ESTATE

Tuesday Morning to open at Blue Star Shopping Center

BY Katherine Boccaccio

Watchung, N.J. Tuesday Morning is set to join the tenant mix at Blue Star Shopping Center in Watchung, N.J., with plans to open an 11,000-sq.-ft. store at the 419,000-sq.-ft. shopping center.

“Tuesday Morning rounds out a strong mix of retailers and restaurants, and solidifies Blue Star as a one-stop shopping destination for the entire family,” said Marcia Minton, leasing representative forLevin Management, the property’s managing and leasing agent.

Located on the Route 22 retail corridor, between Terrill and Bonnie Burn roads, Blue Star Shopping Center serves a growing residential population of more than 248,200 people within a five-mile radius. Anchored by Kohl’s, ShopRite, Marshalls, Michaels and Toys ‘R’ Us, the center’s lineup of retail, restaurant and service tenants includes Dollar Tree, GNC, Petco, The Children’s Place, Joyce Leslie, GameStop, Five Guys Burgers & Fries, Let’s Yo! and TGI Fridays, among others.

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REAL ESTATE

Great Expressions Dental Centers joins tenant mix at Summit Plaza

BY Katherine Boccaccio

Hackensack, N.J.Great Expressions Dental Centers is the latest tenant to join the retail mix at Summit Plaza in Hackensack, N.J. The dental care provider has leased 3,000 sq. ft. at the 100,000-sq.-ft. shopping center, announced Alfred Sanzari Enterprises, owner and manager of Summit Plaza.

“Summit Plaza’s convenient Bergen County address makes it the perfect location for expanding our New Jersey presence and introducing GEDC’s unique dental care concept to the local community,” said Dr. Paul Kim, NY/NJ clinical partner of Great Expressions Dental Center.

Summit Plaza is anchored by an expanded 62,000-sq.-ft. Super Stop & Shop, as well as features a diverse mix of service and retail tenants including Harmon Cosmetics, GNC, Payless ShoeSource, RadioShack, Dress Barn, the UPS Store, United Taekwondo Center, GameStop and Blimpie as well as the typical neighborhood services such as a nail salon, dry cleaner and a pizzeria.

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REAL ESTATE

Pine Tree Commercial Realty acquires South Pasadena Shopping Center

BY Katherine Boccaccio

Tampa, Fla.Northbrook, Illinois-based Pine Tree Commercial Realty, LLC announced that it has acquired South Pasadena Shopping Center, a grocery-anchored community shopping center located in South Pasadena (Tampa), Florida, for $21.1 million.

The recent acquisition is Pine Tree’s 73rd and brings the company’s current portfolio to 3.5 million sq. ft. in 15 states.

Anchored by Walmart Neighborhood Market, Bealls Outlet and CVS Pharmacy, the 166,000-sq.-ft. shopping center is situated on the waterfront at the southeast corner of Gulfport Blvd South and Pasadena Ave South. The center is surrounded by mid-rise residential, single family residential, and marinas leading to the Gulf of Mexico. Acquisition financing was provided by One West Bank.

“We are currently focusing on markets in the Southeastern United States,” says Todd Zinsmaster, executive VP of acquisitions & development at Pine Tree Commercial Realty. “This grocery-anchored shopping center fits our acquisition criteria for its desirable location as well as its position as the only multi-tenant shopping center within the immediate trade area.”

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