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Two retail stores have signed leases at a Washington Township center, according to joint venture partner Atkins Cos. Atkins, which is partners in the Washington Square Town Center complex with Woodmont Properties, said in a news release that Italian restaurant Santucci’s Original Square Pizza has leased 2,620 square feet, while ice cream parlor What’s the Scoop has leased 1,980 square feet. The two signings bring the complex to 90% occupancy. Joe Raniszewski of MSC Retail represented Atkins in both transactions, while Greg Bianchi of US Realty Associates Inc. represented Santucci’s. The mixed-use project is expected to be fully completed by late summer. Both eateries are expected to open this fall. ....
Katie Kurtz has joined the company as Chief Financial Officer. As an experienced finance executive with over 15 years success in the financial services sector, Kurtz will be responsible for Silverstein’s finance and accounting organization. Kurtz was previously an Ex ecutive Vice President at AR Global (ARG) where she served as Chief Financial Officer, Secretary and Treasurer for multiple Real Estate Investment Trusts (REIT) and Business Development Companies (BDC). She most recently served as Chief Financial Officer, Secretary and Treasurer for three REITs: American Finance Trust, Inc. (NASDAQ: AFIN), Healthcare Trust, Inc. and New York City REIT, Inc. (NYSE: NYC). ....
Axia Women’s Health has signed a lease expansion for a larger space at a mixed-use community in Washington Township, according to developers Atkins Cos. and Woodmont Properties. Axia, which was purchased by a private markets firm earlier this month, will now occupy an entire 10,000-square-foot building at Washington Square Town Center, 247 Hurffville-Cross Keys Road. It had signed a lease for 7,000 square feet less than a year ago, the real estate firms noted in a news release. Washington Square Town Center is near completion and will feature 330 apartments, 100 townhomes, an assisted living facility and a 40,000-square-foot Class A medical office building. Initial plans also included a trio of 10,000-square-foot ground-level retail buildings, but with the medical office property fully leased, Axia will now occupy one of those 10,000-square-foot facilities as a health care office. ....
Share New Jersey-based Woodmont Industrial Partners has sold a 520,000 s/f industrial property in the southeastern U.S. for $18 million. The Mt. Zion Industrial Center at 1791 Mount Zion Road in Morrow, Georgia was acquired by RealOp Investments, a commercial real estate investment company, on behalf of an institutional investor. Woodmont, an affiliate of Fairfield, NJ-based Woodmont Properties, acquired the property for $9.2 million in 2018 and completed a major capital improvements program. The property was successfully leased to transportation and logistics services provider XPO Logistics, which occupies the full 519,500 s/f distribution center. “Woodmont Industrial Partners continues to actively and strategically expand its footprint into industrial markets along the eastern corridor of the United States,” said Anthony Amadeo, Vice President at Woodmont Industrial Partners. ....
Woodmont sells Amazon warehouse for $31M | Real Estate Weekly rew-online.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from rew-online.com Daily Mail and Mail on Sunday newspapers.