BJ’S WHOLESALE TO ARRIVE IN HOWELL, NEW JERSEY BY NOVEMBER, 2014
Sitar Realty Company/TCN Worldwide To Serve As Leasing Representative
The Grove At Howell center will have approximately 350,000sf of retail, expected to have a 50,000sf national cinema, and a 40,000sf national fitness club, along with many national clothing and food chains.
Giorgio Vasilis, Vice President of Sitar Realty Company/TCN Worldwide based in Iselin, New Jersey announced retail giant BJ’s Wholesale will be arriving in Howell, New Jersey, with construction already underway on a long-vacant 52 acre tract of land on Route 9 and Lanes Mill Road. The opening is scheduled for November 14, 2014. BJ’s Wholesale will be occupying 88,000 square feet at the center and services will include a gasoline station. The future site of the membership-only chain store was purchased out of foreclosure by New York City-based Sun Equity Partners last summer. Sitar Realty Company/TCN Worldwide is Sun Equity Partners’ leasing representative at the Howell location.
The center, to be known as The Grove at Howell, will have approximately 350,000 square feet of retail with a mixture of clothing, food, and entertainment. The project is expected to have a 50,000 square foot national cinema with 14 screens and stadium seating, a 40,000 square foot national fitness club, along with many national clothing and food chains. “The Grove at Howell should be fully completed by June, 2015,” stated Mr. Vasilis.
The theater, expected to be open by end of 2015, will be a large draw and destination for the town of Howell and surrounding towns. “We feel that the synergy of having a theater along the busiest corridor in Howell with over 1,000,000 square feet of retail and eateries, will make it a very pleasant experience for shoppers. Ownership is planning a center that is not the typical shopping center, but it will be a complete shopping experience with food courts and beautiful landscaping designed by world-renowned Bignell, Watkins & Hasser,” said Abe Tress, Director of Acquisitions for Sun Equity Partners.
Sitar Realty Company/TCN Worldwide
Based in Iselin, New Jersey, Sitar Realty Company/TCN Worldwide is the largest remaining privately owned commercial real estate firm in New Jersey. The firm has been in existence since 1978. Sitar Realty Company specializes in retail, office and industrial leasing and sales, property disposition, consulting, investments, property management, rent receiverships, development and property tax consulting/tax appeals. The firm has consistently represented owners, developers and corporations for some of the largest leases signed in the New Jersey metropolitan area. Sitar Realty Company also has offices in both Sea Girt and Asbury Park that focus on both commercial and residential real estate.
In 2011, Sitar Realty Company was selected to become a member of TCN Worldwide. TCN Worldwide is comprised of more than 800 commercial real estate professionals serving more than 200 markets worldwide. As a member of the TCN Worldwide system, Sitar Realty Company is able to provide corporate real estate services to its clients in national and international markets utilizing the best local expertise.
For more information, please visit the Sitar website at www.sitarcompany.com. |
