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