Nat'l Realty & Development Corp. draws top tenants to Hadley center
By Mel Fabrikant Thursday, September 20, 2007, 04:18 PM EDT
NRDC Welcomes Bath & Body Works to Power Center
National Realty & Development Corp. (NRDC) recently announced the addition of Bath & Body Works as the latest high-quality, national tenant to Hadley Center. The popular retail power center is conveniently located on Stelton Road in South Plainfield, NJ. The lease was negotiated by John G. Orrico, President NRDC in conjunction with Sitequest Retail Real Estate Corp. representing Bath & Body Works as the procuring broker.
The 242,000-square-foot Phase II addition recently completed transformed the property into a 560,000-square-foot power center anchored by Target, Kohl’s Department Store, Pathmark, Regal Cinema and a Marshalls Megastore. Only one unit of 8,865 square feet remains available for lease.
Hadley Center is well positioned in a high-traffic area, with daily traffic counts of nearly 100,000 cars traveling on I-287 at Exit 5 & Stelton Road. The daytime population within a 5-mile radius is approximately 500,000 people with an average household income $100,000. The Center is located in a 1.4 million square foot mixed-use development, home to more than 120 companies.
“Hadley Center represents a tremendous ongoing success story for our firm,” said Dovid M. Spector, Director Leasing, NRDC. “We have been fortunate in our ongoing and focused efforts to draw an outstanding and eclectic mix of attractive tenants to this highly desirable retail property. We proudly welcome Bath & Body Works to the area, and know consumers will be pleased with this latest addition. Few retail locations in the region can match both the number and quality of national retail tenants located at Hadley Center.”
About National Realty & Development Corp.
National Realty & Development Corp. is a leading real estate development and management firm with over 45 years experience and a portfolio of 105 shopping centers located in 20 states throughout the country.
The Company currently has 5 development and redevelopment projects planned over the next two years that will add close to 1.7 million square feet to its 20 million square foot portfolio. These latest projects include the 385,000sf CooperTowne Plaza in Somerdale, NJ, the 240,000sf Pohatcong Plaza, II in Phillipsburg, NJ, 300,000sf redevelopment of the Lord & Taylor site in Stamford, CT, and a soon to commence 750,000sf Westfield Pavilion in Westfield, MA, among others.
Headquartered in Purchase, New York, National Realty & Development Corp. was recently ranked in the top 10 privately held companies in the country out of the 75 shopping center owners/ developers surveyed in one of the industry’s leading trade magazines. A complete listing of National Realty & Development Corp’s portfolio and further details on the Company¹s latest projects can be found at www.nrdc.com.
National Realty & Development Corp. (NRDC) recently announced the addition of Bath & Body Works as the latest high-quality, national tenant to Hadley Center. The popular retail power center is conveniently located on Stelton Road in South Plainfield, NJ. The lease was negotiated by John G. Orrico, President NRDC in conjunction with Sitequest Retail Real Estate Corp. representing Bath & Body Works as the procuring broker.
The 242,000-square-foot Phase II addition recently completed transformed the property into a 560,000-square-foot power center anchored by Target, Kohl’s Department Store, Pathmark, Regal Cinema and a Marshalls Megastore. Only one unit of 8,865 square feet remains available for lease.
Hadley Center is well positioned in a high-traffic area, with daily traffic counts of nearly 100,000 cars traveling on I-287 at Exit 5 & Stelton Road. The daytime population within a 5-mile radius is approximately 500,000 people with an average household income $100,000. The Center is located in a 1.4 million square foot mixed-use development, home to more than 120 companies.
“Hadley Center represents a tremendous ongoing success story for our firm,” said Dovid M. Spector, Director Leasing, NRDC. “We have been fortunate in our ongoing and focused efforts to draw an outstanding and eclectic mix of attractive tenants to this highly desirable retail property. We proudly welcome Bath & Body Works to the area, and know consumers will be pleased with this latest addition. Few retail locations in the region can match both the number and quality of national retail tenants located at Hadley Center.”
About National Realty & Development Corp.
National Realty & Development Corp. is a leading real estate development and management firm with over 45 years experience and a portfolio of 105 shopping centers located in 20 states throughout the country.
The Company currently has 5 development and redevelopment projects planned over the next two years that will add close to 1.7 million square feet to its 20 million square foot portfolio. These latest projects include the 385,000sf CooperTowne Plaza in Somerdale, NJ, the 240,000sf Pohatcong Plaza, II in Phillipsburg, NJ, 300,000sf redevelopment of the Lord & Taylor site in Stamford, CT, and a soon to commence 750,000sf Westfield Pavilion in Westfield, MA, among others.
Headquartered in Purchase, New York, National Realty & Development Corp. was recently ranked in the top 10 privately held companies in the country out of the 75 shopping center owners/ developers surveyed in one of the industry’s leading trade magazines. A complete listing of National Realty & Development Corp’s portfolio and further details on the Company¹s latest projects can be found at www.nrdc.com.
