Recently Repositioned Retail Destination is 90 Percent Leased
On the heels of the successful repositioning of Windsor Center, Advance Realty today announced that Petco has signed a 15,643-square-foot lease at the grocery-anchored retail destination in East Windsor, New Jersey.
Windsor Center is 90 percent occupied following the transaction, which is reflective of the increased tenant interest that has resulted from the significant upgrades that the partnership of Advance and Structure Tone Equities has made to the property since acquiring it in 2012.
“We are extremely excited to welcome Petco to the modernized Windsor Center, the subject of recent attractive improvements in a prime area,” East Windsor Township Mayor Janice S. Mironov said. “Our township has become an increasingly attractive locale for national retailers due to many factors including our superior location, the vibrant local economy and our proactive efforts to support and encourage business. Petco is yet another world-class retailer that will enhance shopping and service options for local residents.”
Petco is expected to take occupancy of the space in June. The pet retailer operates more than 1,500 locations across the U.S., Mexico and Puerto Rico.
CBRE First Vice President Brian Bruzek represented Petco in the lease transaction. CBRE Senior Vice President Jay Miller and Vice President John Krause represented Advance in lease negotiations.
“Windsor Center has long offered excellent visibility in a dynamic submarket, and the significant improvements we’ve made to the appearance and operations of the property have made it one of the most attractive retail options in the region,” stated Barry Quiner, Advance Realty’s director of asset management. “Petco will be an outstanding addition to what is already an impressive mix of tenants.”
Located at 440 Route 130 South, Windsor Center is situated on the busy corner of Route 130 and Princeton Hightstown Road (County Route 571). Other tenants include Aldi, Ross Dress for Less, Staples, Retro Fitness, PNC Bank and Smashburger.
About Advance Realty
Advance Realty is a privately owned real estate development, investment and management company headquartered in Bridgewater, N.J. Since its inception in 1979, Advance Realty has acquired or developed more than 10 million square feet of commercial, residential, R&D, industrial and mixed-use projects. Today, the company owns, manages and invests in a diversified portfolio of office, retail, industrial, residential and mixed-use assets in key urban and suburban markets along the Northeast Corridor. The company actively pursues real estate investments that provide opportunity to enhance value through development, repositioning and redevelopment. Advance’s strong capital base, fully integrated platform, outstanding talent and flexibility as a privately held organization position the company for continued growth. For more information, visit www.advancere.com.