Starbucks to join tenants in Unity Village Shoppes

TRIB LIVE

May 12, 2015

LATROBE — A Starbucks is planned for one of two new buildings at Unity Village Shoppes, recommended for approval by the township planning commission.

Black Oak plans renovation of Hicone Shopping Center in Greensboro

CIJ JOURNAL

Black Oak plans renovation of Hicone Shopping Center in Greensboro

February 3, 2016 

GREENSBORO   The owners of the Hicone Shopping Center, Black Oak, is planning a $1 million renovation of the shopping center. The company will completely overhaul the building's facade while adding a a full parking lot overlay and new sidewalks. Anchored by Food Lion, CVS and Country Kitchen, the center is currently 87 percent leased and has additional pad acreage available for future development. The Baltimore-based real estate investment firm purchased the center, located at the intersection of Hicone Road and Rankin Mill Road in downtown Greensboro in North Carolina, in late 2013. Black Oak has selected the contractor HICAPS, which is expected to begin work in March. Completion is scheduled for July 2016.

Relocated Eldersburg Walmart Opens for Shoppers

By Michel Elben

CARROLL COUNTY TIMES

October 20, 2015

ELDERSBURG — Hanging signs and stocking inventory earlier this week, employees were preparing for the Wednesday, Oct. 21, grand opening of the relocated Walmart Supercenter at the redeveloped Eldersburg Commons retail center.

"We're just looking forward to opening the doors. It's the perfect season for it," store manager Natalie Butcher said.

The original Eldersburg Walmart, which had been just down the street at 1320 Liberty Road, closes Wednesday as the new Supercenter, the anchor store of the Eldersburg Commons development, opens. Butcher said all employees were relocated to the new location, at the corner of Liberty and Ridge roads. The new store will employ up to 400 full- and part-time associates, adding about 150 new jobs to the previous total.

BLACK OAK AND BROAD OAK ACQUIRE MIXED USE PROPERTY IN CENTRAL NEW JERSEY

                                                                                                                  

March 6, 2015

A joint venture between Black Oak Associates and Broad Oak Partners acquired a 98,000 square foot mixed use property for $6.2 million on March 5, 2015. The property was purchased from 1600 Olden LLC.

The property is anchored by Family Dollar and the State of New Jersey Department of Motor Vehicles, and is located in Ewing, New Jersey, north of Trenton. The property is a combination of retail, office and flex space and is well located within its trade area to serve the over 150,000 residents that live within three miles of the property. The property includes approximately 30,000 square feet of vacant space, which creates the opportunity to make investments and improve the property in the years ahead. 

JV Acquires Mixed-Use Property in Central New Jersey for $6.2M

REBUSINESS ONLINE
Mixed-Use, New Jersey, Northeast
March 12, 2015

EWING TOWNSHIP, N.J. — A joint venture between Black Oak Associates and Broad Oak Partners has acquired a 98,000-square-foot mixed-use property located at 1600 N. Olden Ave. in Ewing Township. 1600 Olden LLC sold the property for $6.2 million. Family Dollar and the State of New Jersey Department of Motor Vehicles anchor the property, which offers a mix of retail, office and flex space. At the time of sale, the property was 70 percent occupied. The acquisition is the third in Black Oak’s investment fund vehicle, Black Oak IV LP. David Bernhaut of Cushman & Wakefield represented the seller in the transaction.

Black Oak Associates and Broad Oak Partners Acquire Mixed-Use Property in Central New Jersey for $6.2 Milli

citybizlist BALTIMORE

3/9/15

A joint venture between Black Oak Associates and Broad Oak Partners has acquired a 98,000 square foot mixed-use property in Ewing Township, New Jersey for $6.2 million. The property, located on 1600 N. Olden Avenue, was purchased from 1600 Olden LLC. David W. Bernhaut of Cushman & Wakefield represented the seller in this transaction.

1600 N. Olden Avenue is anchored by Family Dollar and the State of New Jersey Department of Motor Vehicles. The property consists of a combination of retail, office and flex space and services the local trade area of more than 150,000 residents that live within three miles of the property, with an average household income approaching $65,000. The asset includes approximately 30,000 square feet of vacant space, which creates the opportunity for the joint venture to increase long-term value with successful leasing activity. 

JV Buys Grocery-Anchored Shopping Center in Belleville for $10.5M

REBUSINESS ONLINE

February 19, 2014

A joint venture between Black Oak Associates and MCB Real Estate has acquired a 54,000-square-foot, grocery-anchored shopping center in Belleville for $10.5 million. The property was purchased from Mount Kellett Capital Management LP, owner of A&P grocery, and was structured as a sale-leaseback transaction. The shopping center is anchored by Pathmark, one of A&P’s grocery store banners, and is located about 10 miles west of New York City.