Vantage Commercial Inks Five Leases at Southwood Shopping Center
West Deptford, NJ Center to be Revived with New Tenancies
Vantage Commercial lined up five new tenants for the highly anticipated redevelopment of Southwood Shopping Center. The brokerage sold the asset in 2021 to local investors with the intent to fill the center and breathe new life into the underutilized units. Vantage Commercial, Vantage Property Management and new ownership are working together on this asset. Corinne Giletto, Director of Client Services, and Andrea Hannigan, Property Manager, are well positioned to lease up the remaining vacancies and maintain the integrity of the center.
Leasing large anchor slots and in-line spaces to major users, including health care, service businesses, and restaurants, is the key to the redevelopment of the center. Ownership is positioned to start remodeling the center in the next few months. The anticipation of the complete transformation of the center has aided in the signing of five new tenants. Modern exterior design concepts will increase the aesthetic appeal of the center and its functionality. Renovations to include a new elevation for the façade, brick columns and crisp exterior colors.
Gemelle Salon, Fruggie Too, Whit or Whitout sandwich shop, Certa Pro Painters, and Ivy Rehab are among the new tenants signed at the location.
Gemelle Salon will occupy +/-2,500 SF of retail space within the center. The interior is being transformed into an upscale salon that will provide its clients with the ultimate beauty experience.
Fruggie Too occupies +/- 1,600 SF of retail space within the courtyard section of the retail center. The juice, smoothie and health food store is fully operational and open for business. This location is their second franchise in Southern New Jersey and the company plans to expand into more centers statewide.
Whit or Whitout will occupy +/-1,200 SF of second-generation restaurant space in the courtyard. The location at Southwood will be their first New Jersey based location. The cheesesteak shop offers handcrafted cheesesteaks and boasts that their ribeye is the differentiating factor in their spin on the classic Philly Cheese Steak.
Certa Pro Painters occupies +/- 1,200 SF of office space in the courtyard. Certa Pro is a professional painting franchise owned and operated by an experienced entrepreneur. They choose Southwood Shopping Center because of its location within Gloucester County as the county continues to experience exponential residential, commercial and industrial growth.
Ivy Rehab will occupy +/- 2,500 SF of retail/medical space in close proximity to the existing Riverside Urgent Care. Ivy Rehab is a national provider of physical therapy services. Southwood Shopping Center was identified because of its accessibility to all major surrounding markets via Route 45.
The above-mentioned new tenants will join a well-established list of existing tenants, including Abbey Carpets, Family Dollar, Sherwin Williams, Old Towne Music, Orange Cleaners, Bank of America, a Barber Shop, and Riverside Urgent Care. Some of the existing tenants have had tenancy for over 50 years. Ownership is honored to maintain the tenancy of the existing tenants and believes that the existing tenants will be pleased by the transformation.
Giletto is looking forward to fully leasing the center within the next year! Giletto is actively seeking new tenants and is prepared to lease the former JoAnn Fabric’s space at +/- 11,300 SF, the former Aldi’s space at +/- 15,000 SF, and +/-1,200 to 2,800 SF of space in the courtyard.