Randolph Village Center is currently adding tenants. Most notably, a 40,000-sf Acme supermarket is under construction, expected to open by next spring. C&S Wholesalers, Inc. had earlier acquired the leasehold for the site from the bankrupt Grand Union chain, and subsequently assigned the lease to Acme (Albertson's Inc.). And last summer, the Bank of New York took occupancy of a 2,700-sf branch facility at the site.
"When Grand Union went bankrupt last year, this site was highly sought after by New Jersey's leading grocers," according to Mikula. "That's partially because of its location along the Sussex Turnpike, a major commuter route running through Morris County. We were able to close on a full loan prior to the steel going up on the supermarket building."
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