"Final acquisition of the land from the multiple owners was thelast hurdle in this transaction," according to Carol Bracken,general counsel and president of the Woodmont Co.'s InvestmentServices division. "The process gave us more time to secure theadditional leases that brought pre-leasing of the center up to the75% mark.

"At this point, one junior anchor space and about 15,000 sf oflocal retail space are still available," Bracken continues. "Wethink that the pre-leasing is indicative of the strong demandhere."

Retailers who have already signed on at Manahawkin Commonsinclude T. J. Maxx 'n More, office supply retailer Staples,imported home good retailer Pier 1, plus Atlantic Books, TGIFriday's restaurant and home crafts retailer Michael's All of theleases were negotiated by Maria A. Bunstine, a Woodmont investmentpartner.

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