New development project will bring new jobs to Warminster in early 2017
Warminster, PA – October 19, 2016– CBRE Group, Inc. (CBRE) announced today that it had assisted 620 Jacksonville Associates, L.P. in securing long-term leases for Chick-fil-A, Mission BBQ, Metro Diner and Chipotle at the new Johnsville Plaza located at 25-45 West Street Road in Warminster, Pennsylvania. CBRE|FAMECO retail team members Matthew Mandel, John Krause and Jeffrey Cohen represented the landlord in all four transactions as well as the tenants in the Mission BBQ and Metro Diner deals.
“We are thrilled to bring these best in class tenants to a prime corner in Warminster across from Costco and Walmart,” said Matthew Mandel, First Vice President, CBRE|FAMECO. “These establishments will help bring new jobs to the market and will provide additional dining options in the underserved Warminster market.”
Johnsville Plaza is a new 4.2 acre retail development located at the corner of Street and Jacksonville Roads at the former Warminster Naval Air Warfare Center in Warminster, PA. The center will consist of approximately 19,000 square feet of new retail space, divided among three buildings, two of which will be built by 620 Jacksonville Associates, L.P. Construction is currently underway on the project.
Other national tenants are finalizing leases and the project is expected to be fully leased prior to construction being completed early next year.
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2015 revenue). The Company has more than 70,000 employees (excluding affiliates), and serves real estate investors and occupiers through more than 400 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.
