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ROCKAWAY TWP., NJ-DSW Shoe Warehouse has signed a lease for 25,000 sf at Rockaway Center, a new 258,000-sf shopping center currently under construction here. The complex, which is being developed by the Purchase, NY-based National Realty & Development Corp., is slated to open in February 2005.

For DSW, a discount retailer of shoes and accessories based in Columbus, OH, the store will be its seventh in New Jersey and its first in an NRDC-owned shopping center. The chain will join Wal-Mart (153,000 sf), Bed Bath & Beyond (30,000 sf), Joyce Leslie (10,500 sf) and Sleepy’s (6,000 sf), among others, at the new complex.

Rockaway Center itself is situated adjacent to Rockaway Townsquare, a super-regional enclosed mall anchored by JC Penney, Lord & Taylor, Macy’s, Target and Sears. The property will have direct access from I-80.

Rockaway Center is also part of a building spree that will, over the next two years, add nine projects and two million sf to NRDC’s existing 14 million-sf retail portfolio. Other projects in New Jersey include the 242,000-sf Target-anchored Hadley Shopping Center II in South Plainfield and the 110,000-sf Commons in Phillipsburg.

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