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RD Management Signs Lease with Virtua Medical Group at The Shoppes and Residences at Renaissance Square in Marlton, New Jersey

02/01/2017

RD Management Signs Lease with Virtua Medical Group at The Shoppes and Residences at Renaissance Square in Marlton, New Jersey

NEW YORK—February 1, 2017—RD Management LLC, one of the nation’s largest privately held real estate development and management organizations, has entered into a lease agreement with Virtua Medical Group at The Shoppes and Residences at Renaissance Square in Marlton, New Jersey. Virtua Medical Group will occupy 32,568 square feet of the center, which is undergoing a $70 million redevelopment and expects to have its first occupants open by summer of 2017.

Located on the highly-trafficked Route 70, at its intersection with North Locust Avenue, The Shoppes and Residences at Renaissance Square, when completed, will be a mixed-use center that is located on the property formerly known as Tri-Towne Plaza. The redeveloped property will contain 583,858 square feet of residential luxury apartments (338 units), retail, restaurants, medical, office, and commercial space. The portion of the mixed-use facility that faces Route 70 will be converted into an open space and park complete with new jogging paths, walkways, and a pond.

“We’re committed to making The Shoppes and Residences at Renaissance Square a truly mixed-use destination, and adding Virtua Medical Group is our first of many announcements to come as the center takes shape.” said Richard Birdoff, principal and president of RD Management. “Virtua Medical Group provides top-notch services, and we’re glad to be able to bring the highest-quality care to the greater Evesham Township community.”

Virtua Medical Group is a network of 302 physicians, surgeons, and clinicians exclusively affiliated with Virtua, one of New Jersey’s largest non-profit health systems. More than 50 Virtua Medical Groups are located throughout the region, from primary care to complex medical and surgical facilities. Virtua’s services at The Shoppes and Residences at Renaissance Square will include primary care, physical therapy, labs, pulmonary care, and the renowned Virtua Surgical Group.

RD Management owns 20 properties in New Jersey and has more than 200 properties in its national portfolio.

Those interested in leasing space at The Shoppes and Residences at Renaissance Square can contact Darren Sasso at (212) 265-6600 x354 or dsasso@rdmanagement.com.

About RD Management

Specializing in the retail sector for more than 40 years, RD Management owns and operates more than 18 million square feet of neighborhood and community shopping centers throughout the United States and Puerto Rico. With a portfolio of 200+ properties, spanning the retail, office, residential, mixed-use, hospitality, self-storage, and senior housing sectors, RD Management is consistently ranked among the nation’s largest, privately held, real-estate development and management organizations. RD Management maintains in-house expertise in leasing, property management, construction and development, accounting and finance, legal and information technology services. For more information visit www.rdmanagement.com.

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