Date: November 5, 2015
Contact: Anna Kuta, Marketing Coordinator
(630) 586-4726 email@example.com
New Tenants Dollar Tree and Smashburger Coming to ShopRite Square in Niskayuna, NY
IMCC St. James, LLC, a subsidiary of Inland Mortgage Capital, LLC is excited to announce the recent signing of new leases with Dollar Tree and Smashburger at ShopRite Square in Niskayuna.
Dollar Tree is projected to open early spring 2016 and Smashburger is expected to open in December. Both companies have signed leases and tenant improvements are now underway.
Art Rendak, with IMCC St James said, “This brings occupancy to over 80% and we expect these two national tenants will boost lease-up efforts in the balance of the Niskayuna property.”
ShopRite Square Plaza has benefitted from many recent renovations and improvements by current ownership including the relocation and construction of a free-standing Starbucks with a drive-thru, the acquisition and demolition of the abandoned building formerly used as a Friendly’s restaurant, and parking lot improvements and landscaping.
Art Rendak added that more improvements are planned and that several additional leases are in the works. Rendak said, “We are excited about the addition of these two national tenants and the additional patrons that they will bring to ShopRite Square.”
Smashburger is a leader in the ‘better burger’ category of fast casual dining offering Angus beef burgers, chicken breast sandwiches, salads, sides and drinks. This will be the third location to open in the Capital Region. The local franchises are owned and operated by Marc Goldstein and Leo Butera who are excited to be locating in this vibrant and active neighborhood shopping center in Niskayuna. (www.smashburger.com)
About Inland Mortgage Capital Corporation
Inland Mortgage Capital, LLC is a private lender that funds intermediate term mortgage financing for value-add commercial real estate in need of bridge or interim financing. The financing is non-recourse and targeted for projects with opportunistic characteristics. Inland Mortgage Capital, LLC is part of The Inland Real Estate Group of Companies, Inc. (“Inland”), headquartered in Oak Brook, Ill.