REAL ESTATE

ShopRite enters as anchor at New Jersey Center

BY Al Urbanski

A Marshalls, a Home Goods, a Saks Off 5th, and an A.C. Moore in Shrewsbury, N.J., are about to gain themselves a valuable grocery anchor.

National Realty & Development Corp. managed to sign ShopRite to occupy a lot across from its Shrewsbury Plaza and has demolished a business center there to begin construction on a 77,100-sq.-ft. supermarket. The store is expected to open in late 2019.

The ShopRite should be a welcome addition to this upscale seaside community, which includes the towns of Rumson, Little Silver, and Tinton Falls, according to NRDC’s leader.

“The support and feedback from the community to bring ShopRite to this project has been tremendous,” said company president John G. Orrico. “I’m certain that Richard Saker and his team at Saker ShopRite will deliver an extraordinary grocery experience to the community.”

ShopRite, a major grocery player in New Jersey, consists of independent owners who source their products from the Wakefern Cooperative. Saker operates 32 ShopRites in the state.

Retail space remains available in the 221,000-sq.-ft. Shrewsbury Plaza, according to Orrico.

 

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