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CONSTRUCTION IS UNDERWAY AT COOPERTOWNE CENTER IN SOMERDALE, NEW JERSEY

11/09/2009

National Realty & Development Corp., (NRDC) announced that construction continues at CooperTowne Center, the 385,000 square foot Greyfields Redevelopment project that will revitalize the former Lions Head Plaza located in Somerdale, New Jersey.

The 16-screen Cinemark Theatre along with Dollar General are open during the construction while LA Fitness is scheduled to open a state-of-the-art 45,000sf facility in December. Walmart Supercenter and the remainder of stores will open in June 2010.

CooperTowne Center is situated at the intersection of White Horse Pike and Evesham Avenue in Somerdale, New Jersey and located just 10-miles southeast of Philadelphia. The center is easily accessible to Routes 30 and 544 as well as the Philadelphia Speedline, a rapid transit system that runs between Philadelphia and Camden County.

The new shopping center will have architecturally attractive facades replicating a traditional Northeast downtown and significant land use improvements such as a tree-lined grand entrance, gazebos, a public plaza to accommodate civic ceremonies, extended pedestrian friendly sidewalks for outdoor dining, landscaped garden beds outside of the storefronts and parallel parking to enhance the main street feel.

It will be anchored by Walmart Supercenter, which will have a complementing facade that will frame the parking area and renovated center, and include additional tenants such as Cinemark Theatres and L.A. Fitness. Plans also call for the development of pad sites along White Horse Pike and Evesham Avenue, as well as a 123-unit townhouse community on an adjacent parcel.

“CooperTowne Center has been 7 years in the making and is a true Town Center and community destination,” said John G. Orrico, President, NRDC. “With a Walmart Supercenter, Cinemark movie theatre and LA Fitness serving as anchor tenants for the property, we are certain CooperTowne Center will generate excitement from the surrounding communities. We have worked with these communities to design architecturally attractive elements to the center that create a truly unique shopping destination.”

For information on leasing space please call NRDC at 1-800-932-RENT or visit them on-line at www.nrdc.com.

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