For Advance Realty founder and CEO Peter Cocoziello, it came to location.
The Shops at Ledgewood Commons, which recently held its ceremonial ribbon-cutting, is in a prime geographic location amid a thriving trade area.
The 450,000-square-foot, open-air lifestyle center at the site of the former Ledgewood Mall is located in Roxbury Township in Morris County, is on the heavily traveled Route 10, a quarter of a mile from Route 46 and two miles from Interstate 80.
More than 100,000 people reside within a five-mile radius, with an average household income in excess of $125,000.
“When we first embarked on the transformation of the Ledgewood Mall, we knew it would face certain challenges, not including the COVID-19 pandemic, but despite the at-times-uphill battle, what we’ve achieved is remarkable,” Cocoziello said.
“(This) ribbon-cutting not only signifies the successful reimagination of the Shops at Ledgewood Commons into a vibrant and magnetic retail destination, it serves to commemorate the hard work, dedication and commitment from everyone who made it possible.”
The Shops at Ledgewood Commons is anchored by a brand-new, state-of-the-art Walmart Supercenter, which opened in October 2020. The 164,087-square-foot facility offers a number of modern features, such as an enhanced grocery department, 24-hour operation and a dedicated curbside pickup area.
Other retailers include Marshalls, Ashley Home Store, Men’s Wearhouse, Wendy’s, Red Lobster and Lemon Tree Hair Salon. In April of this year, the diverse retailer mix also welcomed Burlington Stores, Chipotle Mexican Grill, Five Below, Five Guys, Panda Express, Starbucks Coffee Co. and Ulta Beauty Inc.
Early next year, the Shops at Ledgewood Commons will also welcome At Home, a popular home decor superstore offering a range of products including furniture, mirrors, rugs and other housewares.
Roxbury Mayor Bob DeFillippo said he’s glad to have them all.
“Today marks an incredible milestone for Ledgewood Commons’ amazing transformation and success, and for the entire Roxbury community and surrounding region,” he said. “Working with our dedicated partners on this transformative project and supporting their unique vision has been extremely gratifying, and we’re immensely proud of what we’ve been able to achieve together.”
Junior anchor box, pad sites and various inline spaces remain available for lease within the center. In addition, multiple liquor licenses are also available. Mike Testa, Bill Farkas and Shane Wierks of Jeffery Realty serve as exclusive leasing agents for the shopping center.
The center is a joint venture of Advance Realty Investors and Invesco Real Estate.