Jones Lang LaSalle

C&W Picks Up Assignment for Landings’ Retail Space
By Eric Peterson
Last updated: December 28, 2005 08:19am

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PERTH AMBOY, NJ-The Kushner Cos.’ Landings at HarborSide project is bringing approximately 150,000 sf of new retail space to the local market and the developer has hired Cushman & Wakefield to fill that space. The larger $600-million waterfront project also includes 2,100 residential units, as well as a marina, parks and recreation facilities and a future hotel site.
Michael Stone and Justin Stein, C&W’s New Jersey retail specialists, will head the assignment, which initially involves a 27,500-sf block of space in the Landings’ first phase. Additional phases will bring the total product to that 150,000-sf total, and the search is on for a combination of local, regional and national retailers, according to Ira Bloom, director of commercial leasing for the Florham Park-based Kushner.

“Their expertise with urban redevelopments such as this make them the right choice,” says Bloom, referring to Stone and Stein. The duo has been involved in properties all along the New Jersey waterfront, including some high-profile assignments in Jersey City and Hoboken. Westminster Communities, Kushner’s construction arm, is in the process of building phase one of the Landings, involving two residential complexes slated for occupancy next. A third building is expected to begin shortly.