Vantage Commercial said Friday that it lined up five new tenants for the highly anticipated redevelopment of Southwood Shopping Center. The Cherry Hill-based brokerage sold the asset in 2021 to local investors with the intent to fill the center and breathe new life into the underutilized units.
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, which is working closely with Vantage Commercial and Vantage Property Management, is positioned to start remodeling the center in the next few months.
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.
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 square feet 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 square feet 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 1,200square feet of second-generation restaurant space in the courtyard. The location at Southwood will be its first New Jersey based location. The cheesesteak shop offers handcrafted cheesesteaks and claims its ribeye is the differentiating factor in its spin on the classic Philly Cheese Steak.
Certa Pro Painters occupies 1,200 square feet of office space in the courtyard. Certa Pro is a professional painting franchise owned and operated by an experienced entrepreneur. .
Ivy Rehab will occupy 2,500 square feet 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.