METRO COMMERCIAL ARRANGES 15,300 SF LEASE FOR SAVE-A-LOT GROCERY
AT LINDENWOLD SHOPPING CENTER
National discount supermarket continues expansion throughout Pennsylvania, New Jersey and Delaware.
LINDENWOLD, NJ (CAMDEN COUNTY) – October 17, 2006-- Metro Commercial Real Estate, Inc., the region’s premier full-service retail real estate company, has negotiated a 15,300 SF lease for Save-A-Lot discount grocery stores.
The new market will be located at the Lindenwold Shopping Center on Blackwood-Clementon and Laurel Roads in Lindenwold, New Jersey. This 60,050 SF neighborhood center is owned by Kadima Associates and is anchored by Aaron’s Rentals and Family Dollar.
Metro Commercial’s Brent Barbehenn represented the landlord, Lindenwold Center LLC., in the transaction. Michael Murray, also of Metro Commercial, negotiated the lease on behalf of the tenant, Save-A-Lot. The grocery chain is slated to open in the winter of 2007.
“We are excited to bring the Save-A-Lot concept to the South Jersey marketplace," said Barbehenn. "The new grocery chain will offer area residents quality groceries at a significant savings.”
The smaller store size also makes shopping more convenient. "Save-A-Lot’s store size allows customers to have a quick and easy shopping experience," said Murray. As part of its exclusive representation of Save-A-Lot, Metro Commercial is actively seeking +/- 16,000 SF locations throughout Pennsylvania, New Jersey and Delaware.
Save-A-Lot is nation's fastest growing limited assortment grocery chain in the U.S. with 1,250-plus stores in 39 states. Save-A-Lot carries both selected national brand items and exclusive label products. The new store will carry the most frequently purchased grocery items, including fresh meat, fruits and vegetables, dairy products, canned goods and packaged items, frozen foods and more, plus non-food items like health and beauty care.
Media Contact:
Metro Commercial Real Estate
Jamie Joffe
+610 246 2606
jjoffe@metrocommercial.com
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 14 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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