REAL ESTATE

Whole Foods Market to open in Newark, N.J.

BY Marianne Wilson

New York — Whole Foods Market has signed a lease for a 29,000-sq-ft. store in Newark, N.J., according to the Newark Star-Ledger.

The store is expected to be an anchor tenant in a 112-year-old landmark building that was once occupied by the Hahne & Co. department store. The building is being converted into a multi-use space that will feature apartments, retail and office space.
The project is a joint partnership between the Newark-based Hanini Group and L&M Development Partners of New York.

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REAL ESTATE

Family Dollar opens 8,000th store

BY Staff Writer

Matthews, N.C. — Family Dollar hit a major milestone in its history on Thursday as the company opened its 8,000th store, in Lancaster, S.C.

“I’m thrilled to open our 8,000th store,” said Howard Levine, Family Dollar’s chairman and CEO. “We have over 200 stores in South Carolina, so it certainly is a great fit for us to open this landmark store in the state. We’ve provided our customers with value and convenience over the last fifty-three years in each of our stores across the country, and we look forward to bringing the same service and quality merchandise to this new store in Lancaster.”

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REAL ESTATE

Winick net leases Brooklyn building to Planet Fitness

BY Michael Fickes

New York — Planet Fitness has net leased a freestanding building on Fulton Street, a major retail corridor in the Bedford Stuyvesant section of Brooklyn. From basement to second floor, the three level building will encompass 22,500 sq. ft. with 7,500 sq. ft. on the ground floor. The second floor is currently under construction, and the entire building is being renovated to fit the gym concept.

Crown Retail represented Planet Fitness, while Winick Realty Group represented the landlord, Infinity Real Estate LLC.

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