RD Management and JMF Properties Announce New BJ’s Shopping Center in Hanover, New Jersey
NEW YORK–May 18, 2017--RD Management LLC, one of the nation’s largest privately held real estate development and management organizations, and partner JMF Properties, a leading New Jersey development company specializing in transit-oriented projects, urban retail centers, and commercial office parks, announced today the new development of BJ’s Shopping Center, an approximately 180,000-square-foot center in Hanover, New Jersey. BJ’s Wholesale Club will occupy 89,770 square feet of the center, with almost 28,000 square feet available for leasing.
Situated along Hanover Avenue and just off of Horse Hill Road in a newly-redeveloped corridor with a concentration of retail uses, BJ’s Shopping Center is in a high-density, high-income trade area with close proximity to I-287. The site will share a newly-installed traffic light which will be shared with the historic Mennen Sports Arena, located directly across from the center on Hanover Avenue. Adding to a mix of area retailers including Walmart, TJ Maxx, Home Goods, ShopRite, and Acme/SavOn Drugs, BJ’s Wholesale Club amenities will include a BJ’s Tire Center, BJ’s Gas®, and 27,850 square feet of additional retail space in two separate buildings.
“We are always looking for developments and tenants that have potential to enhance and support the surrounding community,” said Richard Birdoff, principal and president of RD Management. “BJ’s Wholesale Club offers a unique way for the Hanover Avenue corridor community members to connect, shop, and take care of their vehicle maintenance all at one convenient location. Working with JMF Properties on this joint venture has been a seamless process, and we are excited to see the new development come to fruition.”
BJ’s Wholesale Club is a leading operator of membership warehouse clubs in the Eastern United States, and the first to introduce a warehouse club concept to the northern U.S. Currently, BJ’s Wholesale Club operates over 210 clubs in 15 states from Maine to Florida, and consists of more than 25,000 employees.
“The BJ’s Shopping Center will serve as another key driver in the growth of the Hanover Avenue corridor as a vibrant retail destination,” said Joe Forgione, president and CEO of JMF Properties. “The area possesses all of the elements essential for a thriving retail corridor, including a high-income population and convenient access to major roadways. It’s been a profoundly collaborative effort in getting to this point, from working with the Mayor’s office and Hanover Township Planning Board on their overall redevelopment vision to partnering with RD Management on attracting the right retail tenant. We’re pleased to have played a role in making this a reality.”
The BJ’s Shopping Center reflects JMF Properties’ continued emergence as a leader in retail development in the region. The company has 700,000 square feet of new retail space in the pipeline.
RD Management owns 20 properties in New Jersey and has more than 150+ properties in its national portfolio.
Those interested in leasing space at BJ’s Shopping Center can contact Darren Sasso at (212) 265-6600 x354 or firstname.lastname@example.org.
About RD Management
Consistently ranked among the nation’s largest, privately held real-estate development and management organizations, RD Management owns and operates a portfolio of 150+ assets throughout the United States and Puerto Rico, with properties spanning the mixed-use, retail, office, residential, hospitality, self-storage, senior/student housing, industrial, and government sectors. RD Management specializes in development, redevelopment, and acquisitions in key markets and maintains in-house expertise in leasing, property management, construction, accounting and finance, legal, and information technology services. With more than 40 years of experience, RD Management has a proven track record of enhancing the value of its properties through hands-on management, renovation, and expansion. For more information visit www.rdmanagement.com.
About JMF Properties
JMF Properties has more than 20 years of experience in the industry, with projects ranging from transit-oriented developments to urban retail centers to sprawling suburban office parks. The company has built a reputation for successfully identifying under-valued assets, gaining complex approvals, and creating lasting value for residents, retailers, homeowners and host municipalities. For more information, visit www.jmfproperties.com.
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