NEW JERSEY—Mack-Cali Realty Corporation has entered into a groundwith Wegmans Food Markets Inc. at its undeveloped site located at Sylvan Way and Ridgedale Avenue in Hanover Township. Subject to receiving all necessary governmental approvals, Wegmans intends to construct a store of approximately 140,000 sq. ft. on a finished pad to be delivered by Mack-Cali.
Mack-Cali was represented in the transaction by Mark Needle of Triumph Realty Group.
Mack-Cali intends to ground lease the remainder of the site to other retailers for approximately 40,000 sq. ft. of retail uses.
Wegmans FoodInc. is an 80-store supermarket chain with stores in New York, Pennsylvania, New Jersey, Virginia, Maryland and Massachusetts. The family-owned company, founded in 1916, is recognized as an industry leader and innovator.