Quakertown, PA – June 30, 2010 – (RealEstateRama) — Metro Commercial Real Estate, Inc., the region’s premier full-service retail real estate company, has announced that it has negotiated a new 10,100 square foot lease with Ulta, the nation’s leading beauty retailer, at Richland Marketplace in Quakertown, PA.
Richland Marketplace, a 415,000 SF power center located at the intersection of Route 309 and W. Pumping Station Road in Quakertown, is owned by RB Quakertown, LP. Ulta has just opened its store here at the end of June. Additional tenants include Target, BJ’s Wholesale Club, Best Buy, PetSmart, Aldi, and Five Below. In addition, Staples is currently under construction and is scheduled to open in late 2010/early 2011.
Joseph Dougherty and Steve Niggeman of Metro Commercial Real Estate represented the Landlord in the transaction, and Ulta was represented by Fameco’s Steve O’Malley.
“We’re excited about assisting the Landlord in the Ulta transaction. Ulta is a strong national retailer that adds to the line-up of existing soft goods retailers in the center.”
About Metro Commercial
Metro Commercial (www.metrocommercial.com) is one of the largest full-service retail real estate firms in the region with transaction considerations exceeding $1.1 billion. Metro Commercial specializes in retail tenant representation, shopping center leasing, property management, and investment property sales. With 2 offices located in Pennsylvania and New Jersey, Metro Commercial currently represents nearly 50 national retailers and serves as the exclusive leasing agent for more than 200 properties, totaling nearly 20 million square feet.
Contact: Amy Orons
Metro Commercial Real Estate, Inc.