HAMILTON TOWNSHIP, NJ—Regal Entertainment has signed a lease with IP Associates, owner of Independence Plaza in Hamilton NJ, to locate a state-of-the-art 12-screen digital movie theater with luxury seating in the shopping center.
IP says Regal will become the shopping center's new anchor tenant. This lease announcement caps an eight month turnaround leasing campaign that netted 115,000 square feet of new leases for the redeveloped shopping center off I-295 on South Broad Street in Hamilton, NJ. The Regal opening is scheduled for some time in 2016.
Other new tenants scheduled to open this winter include Ollie's Bargain Outlet (35,000 square feet), Save-A-Lot Supermarket (16,000 square feet) and Crunch Fitness (22,000 square feet). They will join current tenants Dollar Tree, Rainbow Shops, Santander Bank, Subway, and Wendy's among others, bringing the total leased space to about 162,500 square feet or 65 percent of the 250,000 square foot property.
IP Associates, a partnership between JJ Operating and Houlihan Parnes acquired the property late last year through a foreclosure sale. The partners plan to spend $5-million in capital improvements as they work to reinvigorate a shopping center, which for many years was the economic hub of South Broad Street.
"We're excited to announce the signing of a premier anchor tenant in Regal Entertainment Group" says Joseph J. Jemal of JJ Operating. "Their tenancy will certainly pave the way, as we work to complete our redevelopment of the property."
Regal Cinemas was represented in the transaction by William Farkas of Jeffrey Realty Group.
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Steve Lubetkin
Steve Lubetkin is the New Jersey and Philadelphia editor for GlobeSt.com. He is currently filling in covering Chicago and Midwest markets until a new permanent editor is named. He previously filled in covering Atlanta. Steve’s journalism background includes print and broadcast reporting for NJ news organizations. His audio and video work for GlobeSt.com has been honored by the Garden State Journalists Association, and he has also been recognized for video by the New Jersey Chapter of the Society of Professional Journalists. He has produced audio podcasts on CRE topics for the NAR Commercial Division and the CCIM Institute. Steve has also served (from August 2017 to March 2018) as national broadcast news correspondent for CEOReport.com, a news website focused on practical advice for senior executives in small- and medium-sized companies. Steve also reports on-camera and covers conferences for NJSpotlight.com, a public policy news coverage website focused on New Jersey government and industry; and for clients of StateBroadcastNews.com, a division of The Lubetkin Media Companies LLC. Steve has been the computer columnist for the Jewish Community Voice of Southern New Jersey, since 1996. Steve is co-author, with Toronto-based podcasting pioneer Donna Papacosta, of the book, The Business of Podcasting: How to Take Your Podcasting Passion from the Personal to the Professional. You can email Steve at [email protected].
