SOUTH BRUNSWICK, NJ-The anchor tenant lineup is set for Heritage Square, a 210,000-sf power center being developed by the Valley Forge, PA-based Pineville Properties. According to Jon Kushner, a principal of the Plymouth Meeting, PA-based Fameco, which has the leasing exclusive for the property, Target has signed on to occupy 120,000 sf. The other majors are Best Buy (30,000 sf), Staples (20,388 sf) and PetSmart (15,000 sf).
According to Kushner, Fameco's leasing team is also currently negotiating final terms with Subway, Hair Cuttery, Dunkin Donuts and Chase Bank. The latter deal is for a pad site.
The development process for Heritage Square began in early 2004. "We identified the site for sale and then represented Pineville Properties in purchasing the site," says Kushner, who has been working the project with Fameco colleague Perry Garbois. The shopping center is currently under construction on Route 1 here and is slated for delivery in March 2007.
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