Metro Commercial Real Estate Appointed Exclusive Leasing Agent for Prime 70,000-SF Retail Opportunity at Hudson Tea in Hoboken, NJ
New mixed use project offers city living with style
http://www.hudsontea.com
Metro Commercial Listing Page
HOBOKEN, NJ –May 8, 2006–Toll Brothers City Living, the urban development division of Toll Brothers, Inc., (NYSE: TOL) (www.tollbrothers.com) the nation's leading builder of luxury homes has awarded Metro Commercial Real Estate (www.metrocommercial.com), the region’s premier full-service retail real estate company, exclusive leasing agency for the retail component of Hudson Tea, a progressive mixed-use planned community located at the former American headquarters of the Lipton Tea Company.
Ideally situated at Hoboken's thriving north end, which boasts Hudson River waterfront views and easy accessibility to Manhattan, Hudson Tea is a master planned mixed use development with over 1,400 residences, 70,000 sq. ft. of retail space and 1,200 covered parking spaces. The retail component offers ground floor spaces ranging from 3,000 to 30,000 sq. ft. with occupancy scheduled to begin Fall 2008.
As the exclusive leasing agent for the Hudson Tea project, Metro Commercial Real Estate, Inc. will focus on maintaining a unique tenant roster that will offer residents a destination shopping experience in an open air and pedestrian friendly environment.
“Hudson Tea’s retail component will become a shopping destination, not only for its residents, but for the entire region, and it will offer retailers an opportunity to experience some of the best demographics and highest incomes in the region,” said Jeffrey Lagowitz, Principal of Metro Commercial Real Estate, “We are excited to work closely with Toll Brothers on this very exciting and unique project.”
“We are looking forward to offering the residents of Hudson Tea and Hoboken high-end retail shopping and dining while maintaining the character and history of this unique property,” said James M. Steuterman, Toll Brothers, Senior Vice President “We’re confident that our relationship with Metro Commercial will help Hudson Tea become a premier shopping destination in Hudson County, New Jersey.”
For more information on this property, contact Jeffrey Lagowitz of Metro Commercial Real Estate at (201)720-2300
Media Contacts:
Metro Commercial Real Estate
Jamie Joffe
+610 246 2606
jjoffe@metrocommercial.com
Toll Brothers, Inc.
James Steuterman
+215.938.8342
jsteuterman@tollbrothersinc.com
About Toll Brothers City Living®
Toll Brothers City Living® is the urban development division of Toll Brothers, Inc., the nation’s leading builder of luxury homes. Toll Brothers City Living is bringing the same quality, value and service that luxury homebuyers throughout the country have become familiar with, to some of the most dynamic urban markets in the country including Metropolitan New York, Hoboken and Jersey City, New Jersey; Phoenix, Arizona, Philadelphia, Pennsylvania; San Jose, California; and Providence, Rhode Island.
Toll Brothers, Inc., (NYSE:TOL) a FORTUNE 500 Company and #102 on the Forbes Platinum 400 based on five-year annualized total return performance, is the nation's leading builder of luxury homes. The Company began business in 1967 and became a public company in 1986. The Company serves move-up, empty-nester, active-adult and second-home home buyers and operates in 21 states: Arizona, California, Colorado, Connecticut, Delaware, Florida, Illinois, Maryland, Massachusetts, Michigan, Minnesota, Nevada, New Jersey, New York, North Carolina, Pennsylvania, Rhode Island, South Carolina, Texas, Virginia and West Virginia. Toll Brothers, is the only publicly traded national home building company to have won all three of the industry's highest honors: America's Best Builder from the National Association of Home Builders, the National Housing Quality Award and Builder of the Year. Toll Brothers proudly supports the communities in which it builds; among other philanthropic pursuits, the Company now sponsors the Toll Brothers - Metropolitan Opera International Radio Network, bringing opera to neighborhoods throughout the world. For more information, visit TollBrothers.com or TollBrothersCityLiving.com.
About Metro Commercial Real Estate
Metro Commercial Real Estate, Inc. (www.MetroCommercial.com) is one of the area's leading brokerage firms focusing on the leasing, sale, and expansion of retail properties throughout the region. Founded in 1987, Metro Commercial specializes in retail tenant representation, shopping center leasing, property management, investment property sales, construction services and enclosed malls. With 3 offices throughout Pennsylvania and New Jersey, Metro Commercial currently serves as the exclusive leasing agent for more than 190 retail properties, totaling in excess of 27 million square feet. Metro Commercial has been recognized as one of the "Best Places to Work" by the Philadelphia Business Journal, and is committed to client satisfaction and superior customer service.
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