Goldstein Development is set to develop the site, located at 400Springfield Ave., with a 20,000-sf retail building. The new assetis the final phase of a 150,000-sf urban redevelopment shoppingcenter launched and anchored by Home Depot. Other anchors of thecenter are Applebee's and Wendy's.
"This is a significant acquisition for the partnership," saysChuck Lanyard, principal and director of brokerage services for theGoldstein Group, who's teaming with Goldstein vice president LewFinkelstein to lease the new building. "Newark is undergoing atremendous renaissance and we're happy to be part of it."
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