Trader Joe’s has announced a July 30 opening date for its new store here.

The 13,000-square-foot shop, at Haddonfield Road and Garden Park Boulevard, will be the grocery chain’s first outlet in Cherry Hill. It will be the 18th Trader Joe’s in New Jersey.

The store will operate from 8 a.m. to 9 p.m. at the Towne Place at Garden State Park shopping center.

Effective Friday, July 31, the first hour of the shopping day will be reserved for “senior customers and customers with disabilities who might need additional assistance,” the statement added.

It said the new store will feature “social distancing measures to keep both crew members and customers safe.”

Trader Joe’s is one of several retailers coming to the shopping center at the former site of Garden State Park racetrack.

Currently in the works are outlets for HomeGoods and TJMaxx, both owned by Massachusetts-based TJX Companies.

Stores are being built for Costco, Duluth Trading Co. and a retailer still to be identified at the other end of Garden Park Boulevard.

But the complex also has seen closings in recent months for Destination Maternity, Yankee Candle and Pier 1.

At least one restaurant, Zinburger, has said it will not reopen its outlet.

Artwork in the store will salute “local landmarks and attractions,” including the former Garden State Park racetrack and the long-departed Hawaiian Cottage.

A ceremonial ribbon-cutting will take place “moments before” the shop opens, Trader Joe’s said in a statement Wednesday.

’”The celebration will continue with music and giveaways,” it added.

Trader Joe’s, which offers a range of domestic and imported products, has more than 400 stores across the country.

*Article courtesy of Courier Post

For more information about this Cherry Hill retail space or about any other Cherry Hill commercial properties for sale or lease, please contact the team at Wolf Commercial Real Estate, a Cherry Hill commercial real estate broker at 856-857-6300.

Wolf Commercial Real Estate, a full-service  CORFAC International brokerage and advisory firm, is a premier Cherry Hill  commercial real estate broker that provides a full range of Cherry Hill  commercial real estate listings and services related to this retail space.

Wolf Commercial Real Estate also offers property management services, and marketing commercial offices, medical properties, warehouse properties, industrial properties, land properties, retail spaces and other Cherry Hill commercial properties for buyers, tenants, investors and sellers. Please visit our websites for a full listing of Cherry Hill commercial properties for lease or sale through our Cherry Hill commercial real estate brokerage firm.

A new CVS drive-through pharmacy will rise at the busy intersection of Route 70 and Springdale Road in Cherry Hill, replacing Morton & Rudolph jewelers and other buildings.

The Cherry Hill Zoning Board of Adjustment Thursday night voted unanimous approval for developer S&P Cherry Hill LLC’s preliminary and final site plans. A use variance for the project was approved by the board unanimously in September.

S&P proposed a more modern, enhanced CVS with peaked roofs rather than flat roofs and gray siding rather than standard brick.

Developer’s application to Cherry Hill Zoning Board of Adjustment

Board members and the board professionals focused mostly on traffic circulation through the CVS site. Board engineer Stacey Arcari noted at the pre-meeting caucus that this area on Route 70 tends to get congested, particularly during peak hours.

Driveways on Route 70 will be right in and right out only. The driveways on Springdale Road will be right in and right out although a left turn from Springdale would be permitted into CVS.

A left-hand turn from Springdale would work because traffic is heaviest on Springdale Road southbound rather than in the northbound lane, which is next to the planned CVS, said Nathan B. Mosley, a senior project manager at Shropshire Associates LLC, the Atco firm that prepared the traffic study for the developer.

The addresses include 1900 Route 70 East and 1803 and 1807 Springdale Road.

A proposal to expand a car dealership for Land Rover on Haddonfield Road was supposed to be heard but was postponed to the next meeting on June 18, which will begin with a caucus at 6 p.m. rather than the usual 7 p.m. starting time.

*Article courtesy of 70 and 73

For more information about this Cherry Hill retail space for sale or lease or any other Cherry Hill commercial properties for sale, please contact the team at WCRE 856-857-6300, a leading Cherry Hill commercial real estate broker.

Wolf Commercial Real Estate, a full-service CORFAC International brokerage and advisory firm, is a premier Cherry Hill commercial real estate broker that provides a full range of Cherry Hill commercial real estate listings and services, property management services, and marketing commercial offices, medical properties, industrial properties, land properties, retail buildings and other Cherry Hill commercial properties for buyers, tenants, investors and sellers. Please visit our websites for a full listing of Cherry Hill commercial properties for sale or lease through our Cherry Hill commercial real estate brokerage firm.

A restaurant operator wants to build a Taco Bell here. The township planning board on Monday is to consider the proposed drive-thru eatery at a Route 70 shopping center.

The 2,753-square-foot restaurant, if approved, would rise in the parking lot of Marlton Plaza between Old Orchard Road and Split Rock Drive.

The project is proposed by an affiliate of Summerwood Corp., a suburban Philadelphia operator of fast-food restaurants. The company’s outlets also include Burger King, Pizza Hut, Long John Silver’s and KFC restaurants, according to its website.

The application describes the project, which would be adjacent to a Cooper Urgent Care Center on the eastbound highway, as “consistent with development along Route 70.”

It notes some 52,000 vehicles pass the site daily.

Much of the parking lot is currently unused at the 15-acre project, which was developed in the 1970s and once held a Clover discount store.

The shopping center, which is anchored by Planet Fitness, has more than 46,000 square feet of vacant space, the application says.

Representatives of Summerwood and the shopping center’s owner, Kimco Realty, could not be reached for comment.

The developer is seeking preliminary and final major site plan approval for the Taco Bell, which would be the chain’s second site in Cherry Hill.

A Taco Bell already operates on the 500 block of Haddonfield Road.

*Article courtesy of Courier Post

For more information about this Cherry Hill retail space for sale or lease or any other Cherry Hill commercial properties for sale, please contact the team at WCRE 856-857-6300, a leading Cherry Hill commercial real estate broker.

Wolf Commercial Real Estate, a full-service CORFAC International brokerage and advisory firm, is a premier Cherry Hill commercial real estate broker that provides a full range of Cherry Hill commercial real estate listings and services, property management services, and marketing commercial offices, medical properties, industrial properties, land properties, retail buildings and other Cherry Hill commercial properties for buyers, tenants, investors and sellers. Please visit our websites for a full listing of Cherry Hill commercial properties for sale or lease through our Cherry Hill commercial real estate brokerage firm.

The day after the World Health Organization declared the spread of Covid-19 a global pandemic and restaurants and movie theaters began shutting down across the U.S., an AMC movie theater and TGI Fridays restaurant in Cherry Hill quietly traded hands for $16 million.

According to property records, Cherry Hill Inn Redevelopment Partners, an LLC affiliated with a North Jersey-based real estate development company, sold the property at 2125 and 2121 Rt. 38 to EPR Properties, a Kansas City-based real estate investment trust specializing in experiential properties.

EPR (NYSE: EPR) did not return a request for comment.

EPR purchased the AMC theater and the TGI Fridays located in front of it in a deed drafted on Jan. 22, the day after the first case of Covid-19 was confirmed in the U.S. It was effective on March 12.

The development company tied to the seller, Canoe Brook Development, develops luxury multifamily properties, mostly in North Jersey and Massachusetts. The firm also did not return a request for comment. Property records show the seller has held the theater and restaurant property since it was developed in the late 1990s on the site of the former Cherry Hill Inn.

The same day the Cherry Hill property sold, EPR withdrew its 2020 earnings guidance and announced it was halting all uncommitted investment spending.

AMC Theatres is EPR’s largest tenant, representing 18% of the company’s total revenue. A new $500 million debt offering is helping AMC’s parent company stave off rumors of a potential bankruptcy, but EPR said in an update to investors Tuesday that, despite AMC’s new liquidity, it will begin recognizing revenue from AMC on a cash basis and record a non-cash write-off of $12.5 million in straight-line rent receivable for the first quarter.

Overall, EPR’s tenants have paid about 15% of contracted monthly payments for April. The firm agreed to defer payments on a month-to-month basis for all tenants that haven’t paid their April rent.

About 45% of EPR’s revenue comes from its ownership of 179 movie theaters nationwide, with a little less than a quarter coming from “eat and play” facilities like Topgolf. Attractions, experiential lodging, gaming and other facilities make up the rest of its experience-focused properties.

A small portion of EPR’s revenue stems from its ownership of private schools and early childhood education. It sold off its 47-building charter school portfolio to Rosemawr Management late last year, recording an impairment loss of $21.4 million on the sale. Part of the deal included the sale of a three-building charter school campus in Camden for $15 million, $3 million less than the property cost to develop seven years prior.

*Article courtesy of Michelle Caffrey, Philadelphia Business Journal

For more information about this Cherry Hill retail space for sale or lease or any other Cherry Hill commercial properties for sale, please contact the team at WCRE 856-857-6300, a leading Cherry Hill commercial real estate broker.

Wolf Commercial Real Estate, a full-service CORFAC International brokerage and advisory firm, is a premier Cherry Hill commercial real estate broker that provides a full range of Cherry Hill commercial real estate listings and services, property management services, and marketing commercial offices, medical properties, industrial properties, land properties, retail buildings and other Cherry Hill commercial properties for buyers, tenants, investors and sellers. Please visit our websites for a full listing of Cherry Hill commercial properties for sale or lease through our Cherry Hill commercial real estate brokerage firm.