REAL ESTATE

Upcoming store will be a first for Wegmans

BY Marianne Wilson

Wegmans Food Markets is expanding its footprint with a new concept.

In a first for the 101-year-old grocer, Wegmans said it will open a two-level store, at Natick Mall, Natick, Mass., with direct access to the shopping center. The 134,000-sq.-ft. store will be located in a building that formerly housed one of the mall's anchors, J.C. Penney.

The new Wegmans, scheduled to open in spring 2018, will devote 12,500 sq. ft. on the second floor to two restaurant concepts. The grocer is seeking a complementary tenant for the 45,000-sq.-ft. third floor of the building.

The family-owned Wegmans operates 93-supermarkets across New York, Pennsylvania, New Jersey, Virginia, Maryland, and Massachusetts. The Natick location will be Wegman's sixth location in Massachusetts. It is scheduled to open a store in Medford, Mass., at the beginning of November.

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REAL ESTATE

Wegmans may lose out to parking garage in Boston

BY CSA STAFF

The paucity of parking in Boston could scuttle hopes of residents there to obtain their first Wegmans supermarket.

A Wegmans had for years been in Samuel Associates’ planned Landmark Center expansion in the Fenway section of town. But, with parking lot rates zooming upwards in Boston, the developer is now leaning toward keeping the garage it was to demolish to make room for the supermarket, reports the Boston Globe.

Wegmans apparently will continue its search for a site in Beantown, however. For more, click here.

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REAL ESTATE

Levin tapped to build and lease New Jersey center

BY Al Urbanski

Levin Management Corp. will be building, leasing, and managing a new neighborhood center on the former site of an auto repair shop in Union, New Jersey.

Rising household incomes in the area make it a prime location for new retail in a dense urban region, according to Levin’s senior VP of Leasing and acquisitions Joseph Lowry, who points to a daytime population 86,000 and an average household income of $110,000.

“We anticipate a great deal of interest in the new shopping center due to the area’s superb retail market demographics, and the property’s excellent visibility and location,” Lowry said.

Available spaces range from 1,200 to 9,500 sq. ft., as well as a 2,240-square-foot end cap with excellent street visibility.

Levin has been busy in New Jersey in recent months, winning leasing and management contracts in Delran, Freehold, Hackettstown, Madison, and Secaucus.


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