Size: 146,792 SFThe goal for Waterview Marketplace in Parsippany, NJ was to create a lifestyle destination that appeals to the area’s residents and employees. Developed by RD Management in partnership with JMF Properties and RIPCO Real Estate, the brand-new, 146,792 SF shopping center is now the community’s premier one-stop location for everyday necessities. It’s situated in Morris County within a high-density and high-inc
Over the past few years, as the retail industry experienced a significant transformation, a new age of retail has emerged to meet consumers’ shift in shopping preferences. Retail bankruptcies and closures have created new opportunities for shopping centers to reinvent themselves and combine different uses to become one-stop shopping destinations.
Shopping center owners have come to realize that success lies in a diverse tenant mix that offers multiple draws such as grocery,
MILFORD, MA — RD Management LLC, one of the nation’s largest privately held real-estate development and management organizations, has signed a lease with Skechers at its Milford Crossing shopping center in Milford. The American lifestyle and footwear retailer will occupy 6,130 s/f in the 158,759 s/f center and opened July 18. Atlantic Retail’s, Brian Roache, represented RD Management in this lease. Stephen Grafton of SRG Retail Advisors represented Skechers.
BAYONNE, NJ — JMF Properties, RD Management LLC, and Accurate Builders and Developers announced that the joint venture partnership has closed on a 14-acre site on the former Military Ocean Terminal at Bayonne (MOTBY). The closing paves the way for the development of 651 luxury rental residences.
A fall groundbreaking is planned for the property, which is located on the southwest portion of the terminal peninsula, along Goldsborough Dr., with views of the Bayonne Golf Club ac
Throughout the years, shopping center owners have had to overcome various changes in consumer shopping habits and interests from the first-ever online purchase and the discovery of subscription services to the explosion of the health and wellness culture. In order to stay ahead of the curve, shopping center owners and developers have to remain flexible and ready to react to these evolving trends.
One way that retail owners have been able to capture and retain today’s shoppe
Talk of the impending “retail apocalypse” and announcements of store closings continuously in the news may simply be a sign of the times, or an indication shopping center owners are missing the big picture when it comes to structuring their tenant mixes. ICSC’s Improving Tenant Mix report states the two key elements in a viable tenant mix are the anchor and in-line tenants. The strength of the anchor is the most defining characteristic of a successful shopping center, as it i
The idea of a “retail apocalypse” took off this year, and while many agree that the demise of retail is exaggerated, there is no denying that e-commerce is continuing to disrupt physical store sales. According to the ICSC Research Team and PNC Real Estate Research, almost 20,000 cumulative store closings occurred in 2017 compared to a little over 15,000 openings. Retail is changing, and with many brick-and-mortar retail store closings, especially in secondary markets, it is c
It’s safe to say shopping centers are being revamped across the Northeast. While some centers are being developed from the ground-up, others are simply expanding to make room for new tenants that will enhance the customer experience and add value to the surrounding community.
For example, at the The Shoppes and Residences at Renaissance Square in Marlton, NJ we recently announced the opening of anchor tenant Virtua Medical Group, a network of 502 physicians, surgeons, and c
Parsippany, NJ — RD Management LLC, one of the nation’s largest privately held real-estate development and management organizations, along with JMF Properties, and Ripco Real Estate Corp. have broken ground at Waterview Marketplace in Parsippany. Waterview Marketplace will be anchored by a new Whole Foods Market that will occupy 48,000 s/f of the 150,150 s/f center set to open in 2018. This Whole Foods Market store is set to become the third location in Morris County. “RD Man
FORT WORTH, TX — GHP Office Realty and its partner, RD Management, are pleased to announce that they sold a 136,000 s/f grocery-anchored shopping center located across from Texas Christian University in Fort Worth for $15 million all cash; the property was 98% leased at the time of the sale. The New York based partnership purchased the property during the economic downturn in 2008 for a substantial discount to replacement value. After an extensive capital and repositioning ca
Water Mill, NY — RD Management LLC and Ripco Real Estate welcomed three new businesses to The Mill, a 29,314 s/f shopping center in Water Mill, NY, an affluent hamlet of the town of Southampton. The Cool Zone Cryotherapy (1,088 s/f), Tight (829 s/f), and Erika Bloom Pilates (768 s/f) join local favorites SoulCycle and Southampton Wines. Erika Bloom Pilates opened June 14.
The Mill is located at 760 Montauk Highway (Rte. 27A) and Station Rd. and consists of six freestanding b