Property Types Retail
Garden Street Plaza Opens in Carlstadt
June 25, 2008

The Goldstein Group announced the completion of Garden Street Plaza in Carlstadt, N. J. The 17,000-square-foot neighborhood center, developed by ARC Properties of Clifton, is nearly fully tenanted with less than 4,000 square feet of space remaining. The Goldstein Group has assembled a wide-range of retailers for the center, including Edible Arrangements, Planet Wings, Tropical Tanning, Philly Pretzels, Carlstadt Pizza, Dollar Wave, Eddie’s Dry Cleaners, Carlstadt Bagels and Sim Nim Nails. The property is located at the intersection of Paterson Avenue and Garden Street. Neighboring tenants include Stop & Shop, Walgreens, A&P, Blockbuster Video, CVS Pharmacy, Mandee, Bank of America, Burger King, Harmon Face Value, Radio Shack, AutoZone and Dunkin’ Donuts.

 
Recent Retail Headlines
Cole Takes $300M in September, Crosses $1B for YTD
Cole Real Estate Investments has acquired approximately $300 million in assets during September, it has reported. That represented 54 assets.
$20M Financing Deal in Place for Atlantic City Retail Property
Financing to the tune of $20 million has closed for English Creek Shopping Center, a 200,000-square-foot retail destination just seven miles from of Atlantic City, N.J. Acting on behalf of the borrower, David Cronheim Mortgage Corp. orchestrated the financing, which came in the form of a 10-year interest-only loan.
Behringer Harvard Expands European Portfolio, Buys 7 Properties
Behringer Harvard continues to expand its presence in Central Europe. The company has acquired seven additional assets--a retail property in Hungary, five retail properties in the Czech Republic and a Czech logistics facility--via Wenceslas Behringer Ltd., a joint venture between Behringer Harvard Opportunity REIT I Inc. and St. Wenceslas Property Fund, which was formed in July.
JCPenney Expands Houston Presence with 2 New Stores
J.C. Penney Co. Inc. is swinging open the doors of two new locations in the Houston area, increasing its portfolio of new department stores in the market over the last three years to nine.
Cedar Shopping Center Secures $78M Financing Deal for $105M Project
The ice cold lending market has given a warmer reception to Cedar Shopping Centers Inc., which just closed a construction financing deal valued at $77.7 million for Upland Square, a 655,000-square-foot project on 108 acres in West Pottsgrove, Pa., approximately 40 miles northwest of Philadelphia.