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Located on 16 acres, the shopping center is 100% leased with a tenant roster that includes: Marshalls, Planet Fitness, St Jean's Credit Union and 99 Restaurant. The property is a strategic, transit-oriented, value-add acquisition for the company's growing Metro Boston portfolio, Urban Edge Properties states.
If confirmed, Gramian will replace outgoing PennDOT secretary Leslie S. Richards, who will become general manager of SEPTA in January. Gramian will assume the role of acting PennDOT secretary effective Friday, Dec. 6, 2019.
The $19.5-million project will total 17,750 square feet above the hospital's emergency department and will combine heart and vascular services on one floor to address the growing number of procedures performed at the medical center, hospital officials state.
The deal marks Aspen Real Estate's seventh acquisition in Monmouth County. It is also the firm's largest acquisition and Aspen's second large purchase in under 10 months.
"We also see pop-up stores becoming a more permanent fixture in retailers' and landlords' strategies to meet shoppers' expectations for new and exciting products."