NEW SHOPPING CENTER TO BRING NEW NATIONAL RETAILERS TO AREA
BRICK, NJ, MARCH 25, 2005 - Edgewood Properties announced that its subsidiary, JSM Brick LLC, has received approvals for a 288,245-square-foot retail complex located on Route 70 in Brick Township, New Jersey. The center is being developed on 29 commercially zoned acres adjacent to the Lakewood-Brick border. Construction is expected to commence later this spring and conclude as early as summer 2006.
The shopping center will be anchored by Costco, which will be accompanied by additional national retail tenants ranging from 4,000 to 50,158 square feet.
Joe Morris, vice president of leasing for Edgewood Properties, anticipates commencing construction this year: "We look forward to providing additional shopping and dining alternatives in the area. This center will be a signature development attracting world-class national retailers."
About Edgewood Properties
Founded in 1992, Edgewood Properties is one of New Jersey's leading diversified real estate development companies. The company is active in the for-sale and rental residential, retail and office sectors and currently is developing in excess of fifty projects throughout the state valued at over $2 billion. Edgewood Properties is extremely active in the urban sector with several large-scale, mixed-use developments under way in New Brunswick, Somerville, Cherry Hill and Atlantic City. As a private, family-owned company, Edgewood is known for building quality developments that bring jobs, rateables and vitality to each local community.
For more information, please visit the company's Web site at: www.edgewoodproperties.com.
