WOODBRIDGE, NJ—Onyx Equities has unveiled a multi-million-dollar renovation plan for Woodbridge Crossing, a 285,000-square-foot retail power center at 475 Green Street, adjacent to Woodbridge Mall, at the intersection of Routes 1 and 9 in Woodbridge, NJ.
In October 2017, Onyx began a repositioning program to revitalize the center, which is in the historically hard-to-enter Woodbridge/Edison Route 1 retail corridor. Ownership is addressing several conditions to improve the tenant and customer experience at the center.
“Initial phases of the renovation include a complete overhaul of the parking deck; installation of new, highly visible, lit pylon signs at the center's Route 1, Green Street, and Quality Way entrances; creation of internal directional signage; full site lighting LED conversion; and extensive façade restorations,” says Matthew P. Flath, Onyx vice president of retail leasing.
Later phases will include adding more 40 new parking spaces in the property's central parking field.
“Woodbridge Crossing has experienced significant leasing activity over the past 12 months,” Flath says. “Our ongoing capital improvements to increase brand visibility and improve consumer experience will perpetuate that momentum and lead to greater demand from retailers who would like to join anchor tenants Burlington Coat Factory and Big Lots.”
Onyx and its exclusive leasing agent, Sabre Real Estate Group, also have completed 65,000 square feet in new leases at Woodbridge Crossing, including a 42,508-square-foot lease with indoor entertainment company Altitude Trampoline Park, and a 20,800-square-foot lease with Planet Fitness. Miracle Ear took the remaining 1,982-square-foot unit within the now fully leased pad building. In the past 12 months, tenants, including Thomasville Furniture, Modell's, Party City and Sprint, have renewed 42,000 square feet of space..
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Steve Lubetkin
Steve Lubetkin is the New Jersey and Philadelphia editor for GlobeSt.com. He is currently filling in covering Chicago and Midwest markets until a new permanent editor is named. He previously filled in covering Atlanta. Steve’s journalism background includes print and broadcast reporting for NJ news organizations. His audio and video work for GlobeSt.com has been honored by the Garden State Journalists Association, and he has also been recognized for video by the New Jersey Chapter of the Society of Professional Journalists. He has produced audio podcasts on CRE topics for the NAR Commercial Division and the CCIM Institute. Steve has also served (from August 2017 to March 2018) as national broadcast news correspondent for CEOReport.com, a news website focused on practical advice for senior executives in small- and medium-sized companies. Steve also reports on-camera and covers conferences for NJSpotlight.com, a public policy news coverage website focused on New Jersey government and industry; and for clients of StateBroadcastNews.com, a division of The Lubetkin Media Companies LLC. Steve has been the computer columnist for the Jewish Community Voice of Southern New Jersey, since 1996. Steve is co-author, with Toronto-based podcasting pioneer Donna Papacosta, of the book, The Business of Podcasting: How to Take Your Podcasting Passion from the Personal to the Professional. You can email Steve at [email protected].
