Windsor Hights Shopping Center Sold
Advance Realty and Structure Tone Equities purchased the mainly vacant retail space.
The Windsor Hights Shopping Center on Route 130 and Princeton Hightstown Road in East Windsor has been sold to Advance Realty and Structure Tone Equities.
The shopping mall is 40 percent occupied, with 92,000 square feet of space available for lease, according to a news release.
“This acquisition presents an excellent opportunity to create one of Mercer County’s premier retail centers,” Brian M. Donaghy, president and CEO of Structure Tone Equities, said in the release.
Several storefronts in the shopping mall remain vacant, including the former Super Fresh grocery store location that closed in April 2011, Tiger's Deli which closed in Jan. 2012 and Blockbuster closed in Feb. 2012.
President and CEO of Advance Realty Peter J. Cocoziello said the company looks at the purchase as a strategic investment.
“This transaction affords us a unique opportunity to re-tenant and reposition the property, which is known for providing retailers with excellent visibility in a vibrant and dynamic submarket,” Cocoziello said in the release.
The joint-venture partnership between the two companies includes the shopping mall as well as the PNC Bank and Taco Bell locations, totaling 132,733 square feet of space. The sale was complete at the end of May, according to Ryan Smith of Beckerman PR, who representing the owners.
Additional information was not available Thursday. Patch will update this story as more information is provided.
Lifelong Hightstown Resident
2:37 pm on Thursday, July 12, 2012
Very encouraging news!
Mark Klatkskin
2:39 pm on Thursday, July 12, 2012
Indeed!!
Mark Klatkskin
2:38 pm on Thursday, July 12, 2012
How much did it sell for?
Ashley Peskoe
2:40 pm on Thursday, July 12, 2012
Mark - I have asked that question and will post it once I know.
Robert Page
4:05 pm on Thursday, July 12, 2012
Maybe the new owners will turn off the lights inside the abandoned Super Fresh... the ones that have been on 24 hours a day for more than a year.
Christina Marie
7:26 pm on Thursday, July 12, 2012
GREAT NEWS!
Perry
10:34 pm on Thursday, July 12, 2012
Thank God this eye sore will finally change!
Rocky
6:45 pm on Friday, July 13, 2012
here is list of things that will do well in this complex currenly we drive a long way to get to these:
1. Chipotle Mexcian Grill!
2. Traders Joe
3. WholeFoods
4. Costco
5. macaroni grill or olive garden
Jake
9:58 am on Saturday, July 14, 2012
Such wishful thinking. There's insufficient space for Costco. We don't need more restaurants, so scratch that idea. TJ's or WF would have occupied EW Village if they were interested in coming here. I know it's a stretch but a Starbucks and Barnes and Noble would add some some class to a retail market that has been headed downhill for years.Would be very interesting to hear what approach the local government is taking to attract business. Or is that a secret too?
Matthew
2:41 pm on Sunday, July 15, 2012
Interesting bit, calling Starbucks and Barnes and Noble "class." Lahiere's...THAT was class. S/B&N, ehhh. That's sort of like referring to a "gourmet" pizza. Amusing.
Rocky
6:47 pm on Friday, July 13, 2012
And a nice Gym with Swiming pool!
Hightstown Homeowner
7:06 pm on Friday, July 13, 2012
Macaroni Grill or Olive Garden? Seriously? There are 6,000 Italian restaurants in 3 square miles. Eat at one of those.
Mark Klatkskin
7:10 pm on Friday, July 13, 2012
How about another Pizza Place....lol
Hightstown Homeowner
7:12 pm on Friday, July 13, 2012
Ha! Good one!
Matthew
2:38 pm on Sunday, July 15, 2012
OK, but it has to be a reaaally good, absolutely gourmet, $15-a-slice place....soft lighting, singing waiters playing violins in tuxedos [although the violins could be casually dressed if necessary], valet parking, that sort of thing. In fact, it should be upscale enough that they wouldn't even open to the public: you order food by appointment and servile lackeys bring it to your door.
east windsor mom
2:14 pm on Saturday, July 14, 2012
How about a family oriented company like a chuck e cheese...they never seem to go under...not sure just a thought
HT
10:25 am on Sunday, July 15, 2012
How about a sporting goods store, one that has a good selection for all sports, not just cleats, clothes, etc
Matthew
2:34 pm on Sunday, July 15, 2012
Let's hear it for a kosher or kosher-style deli? Tiger's former locale would be an ideal spot. I also like the idea of a sporting goods store. Then again a great little coffee house, like Slow Down Cafe used to be, would hit a spot. I'm torn about the Starbucks, though. Great coffee, horribly overpriced, but the Barnes and Noble would be absolutely rockin'.
Matthew
2:45 pm on Sunday, July 15, 2012
OKAY....let me modify my previous entry; A WORLD-CLASS BAKERY. I know that both McCaffrey's and ShopRite turn out a fairly decent product, but I'm talking more....much more and much closer. How kick-butt would that be? The smell of fresh croissants and rolls wafting over 571 in the morning? The anticipation as you know that the fresh apple strudel is coming out just when you're driving by on your way home? And the coffee....oh, great heavens above, the coffee. Coffee and a fresh, warm, fragrant buttered roll?
Jake
11:11 pm on Wednesday, July 18, 2012
LOL, oh poor people of East Windsor, how you over rate thyselves. The land of Wal Mart, Burlington Coat Factory, fast food and trailer parks. Spend a few hours one fine day and just count the vacant store fronts that overwhelm our community.
Community, now there's a fine word that innacurately describes our demography. I prefer to think of the Township as many different neighborhoods, from Princeton Arms to Centex and everything in between, A spot on the map where nearly everyone is from somwhere else.
A Main Street that in reality is a US Highway no one can stand to drive.
And so we wish the vacant businesses will be filled with the delicacies of our wildest dreams. We wish and we wish that we will one day live in the Land of Oz.
Roberta Lipston
6:26 pm on Thursday, July 26, 2012
Make the old Superfresh into an Aldis. Great store!
whatever41
11:26 am on Wednesday, March 20, 2013
When are these people going to do something with their purchase??????