Printer Friendly

Bryant Development acquires four shopping areas.

Bryant Development Corp., Inc., a private real estate investment and development company, announces the acquisition of Shaw's South Shopping Center, a 127,000 square-foot neighborhood/community center located in Brockton, Massachusetts.

With the recent acquisitions of Consumers Plaza and Belair Shopping Center in Northeast Philadelphia, PA and Yeadon Shopping Center in Yeadon, PA, Bryant's retail portfolio now totals over a million square feet.

Andrew B. Hascoe, president of Bryant Development Corp., said "It has always been our goal to attain a large portfolio of quality, well-anchored shopping centers. Now that we have reached our goal, we have set another one. We intend to acquire another 1.5 million square feet by year end."

The seller of the property was Shaw's Supermarkets, the dominant grocer in the area, who is an anchor tenant along with Consolidated Stores (Big Lots). Completed in 1970, other tenants include Fashion Bug and Friendly's.

Hascoe also noted that Bryant's in-depth familiarity with the Philadelphia marketplace was another factor in their acquisition of Consumers Plaza and Belair Shopping Center, as well as Yeadon Shopping Center in Yeadon, PA. Having owned, managed and redeveloped in the Philadelphia area since 1994, Bryant has a keen appreciation for the high desirability of the area for retailers, Hascoe said.

"By applying our intensive redevelopment, as well as our managing and leasing expertise, we can only expect these new centers to flourish as our previously owned properties have," said James M. Aries, vice president of leasing at Bryant. "While Consumers Plaza is 100 percent leased to national/regional tenants, such as American Appliance, Sherwin-Williams, Sally Beauty Supply, West Coast Video and Payless Shoes, our aptitude for redeveloping and revitalizing shopping centers can only enhance Belair and Yeadon. Besides having tenants such as CVS, Acme Supermarkets and Jiffy Lube, a number of service-oriented tenants are attracted to the area and its surrounding population. We can only expect a flurry of activity as we begin our leasing programs at the centers."

Bryant Development Corp., located in Purchase, NY, is a full-service real estate organization engaged in the investment, redevelopment, leasing, and management of commercial real estate on the Eastern Seaboard. Bryant's geographically diverse portfolio of properties is comprised of community and neighborhood shopping centers.
COPYRIGHT 1999 Hagedorn Publication
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1999, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

Article Details
Printer friendly Cite/link Email Feedback
Title Annotation:real estate investment and development company
Publication:Real Estate Weekly
Article Type:Company Profile
Date:May 12, 1999
Words:370
Previous Article:Stuyvesant Business Center revitalizes St. George, S.I.
Next Article:Two new divisions formed by Libman Wolf Couples.
Topics:


Related Articles
Achieving marketing objectives in today's industry.
Emerging trends change the way we work, shop and live.
And now for a word from the private sector....
FRANCE PUBLICATIONS LAUNCHES "SOUTHEST HEAL ESTATE BUSINESS".
Developer: Market has too much to offer to ever truly crash.
Urbanamerica buys $120.6M in real estate in 9 months.
Forum: wireless technology creating new opportunities for RE industry. (Technology: Update).
Building ties: driven by rising trade, foreign investors pile on distribution projects in Mexico.

Terms of use | Privacy policy | Copyright © 2021 Farlex, Inc. | Feedback | For webmasters |