The Hampshire Companies Adds PetSmart to Veterans Square Town Center
Lyndhurst, N.J. - The Hampshire Companies, a full-service, private real estate investment firm with equity in assets valued at over $2.5 billion, has announced that PetSmart, the largest specialty retailer of services and solutions for the lifetime needs of pets, has leased 7,200 square feet of premier retail space at Veterans Square Town Center located in Lyndhurst, N.J.
VeteransSquare Town Center is situated on 12.31 acres on New York Avenue in Lyndhurst, NJ. The 144,400 square foot retail center boasts tenants such as Shop Rite Supermarket, HomeGoods, GNC and Supercuts. Currently about 10,000 square feet of space remains available at the highly active shopping center which offers abundant onsite parking, averages more than 45,000 shoppers per week. Adding to the attraction of Veterans Square Town Center is the outstanding retail demographics, with a population of over 171,000 in a three-square-mile radius and an average household income in excess of $75,000.
“Veterans Square is one of the strongest and most consistent retail properties in our portfolio, but this new lease shows Hampshire’s continued commitment to our tenants and our investors,” said Ray Ayers, an Investment Manager for The Hampshire Companies. “This long-term lease with PetSmart continues to build on a diverse and established list of tenants that ensures the Veterans Square Town Center will remain a highly active and attractive destination for shoppers in Bergen County.”
The deal was brokered by the Crossroads Company, who manages the shopping center and represented Hampshire in the transaction. Metro Commercial Real Estate represented Petsmart.
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About The Hampshire Companies
The Hampshire Companies is a full-service, private real estate investment firm based in Morristown, N.J. The Hampshire Companies is a vibrant, dynamic organization that combines creative vision and superior execution, thereby enabling it to create and enhance value in real estate investments. Additional information on The Hampshire Companies is available online at www.hampshireco.com.