Vantage RES Represents Landlord with Long-Term Build-To-Suit Lease of Premier Pad Site
Cherry Hill, NJ [May 8, 2020] – Vantage Real Estate Services (Vantage RES) is thrilled to announce another successful long-term build-to-suit lease in Pennsauken, NJ. The brokerage represented the landlord, Urgent Care RE, LLC with its lease of a build-to-suit pad site located at 6602-6630 Crescent Blvd (aka Route 130). The location, along a main commercial thoroughfare, is easily accessible from the Black Horse Pike, and Routes 76 and 676. This premier site offers accessibility from three major roads and offers the new tenant, WingStop, complete visibility in its new market.
Emily Stein, Director of Healthcare Services, and Corinne Giletto, Senior Advisor at Vantage RES, worked closely with Srikanth Sankar, partner in Urgent Care RE, LLC, and David Dunkelman, broker for the tenant, WingStop Restaurant, to identify the location and secure a lease for the new quick-service restaurant. “During the recent downward shift in the marketplace due to COVID-19, it is even more important for everyone involved in commercial real estate to have a strong understanding of the economy. Our relationships with landlords, including Urgent Care RE, LLC, become even more critical as we service our clients, especially during challenging times”, Giletto said.
“This is a great example of a strong partnership with our broker Vantage RES: to sign a long-term lease with Wingstop Franchise at our location in Pennsauken,” Sankar stated. “Given the uncertain times in commercial real estate, this is a good sign that deals can be executed via a collaborative effort between landlord and potential tenant.”
Urgent Care RE LLC owns and manages multiple retail, medical, restaurant, and office buildings in and around South Jersey, including AFC Urgent Care facilities.