PRINCETON, NJ-Levin Management, the leasing and management agent for the retail portion of Princeton Forrestal Center, has signed two more tenants as part of the ongoing effort to reposition the long struggling shopping center. The Florham Park, NJ-based Gale Co. bought the mixed-use, 720,000-sf Princeton Forrestal Village in 2003 and shortly thereafter launched an overhaul of the 175,000-sf retail component, hiring the North Plainfield, NJ-based Levin to carry it out.
The two newest tenants are Salt Creek Grille, an upscale eatery, which took 12,000 sf. The restaurant will rise on a 12,000-sf pad adjacent to the complex's Westin Hotel & Conference Center. It will mark the restaurant's second location in New Jersey, following an existing site in Rumson. Salt Creek Grille's two other locations are on the West Coast, in Dana Point and Valencia, CA.
And besides Salt Creek Grille, the shopping center's site plan includes one other pad site with liquor license, according to Matt Harding, Levin's president and COO. His company "is in discussion with several prospects, according to Harding.
The other tenant just signed is Lux Home, which took 11,000 sf. The home furnishings and furniture store is owned by local businessman Stan Gulati, who for many years has operated a similar store, ETC, in Princeton. Lux Home will be an expanded version of ETC.
The signings follow the recent addition of a new major tenant to the retail portion of the complex. Can Do Fitness, a New Jersey-based chain, and its affiliate Koi Spa took a combined 60,000 sf. The deal calls for Can Do/Koi Spa to move into the space currently occupied by the center's food court. The latter will be expanded and rebuilt to a location elsewhere in the center.
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