Pittsburgh, Pennsylvania
DECEMBER 2023
Benbrooke has begun construction of the new Social Security Administration offices servicing the Upper Allegheny Valley. This project is an adaptive reuse of the former CVS building and is considered to be a critical amenity for the community. Richard Lubkin negotiated the transaction on behalf of Benbrooke. Project Leasing for the Heights Plaza project will continue to be provided by David Hanley of the Pittsburgh office of PRC Commercial.
Charlotte, North Carolina
OCTOBER 2023
Benbrooke is pleased to announce the signing of two new significant tenants for the Shops at Freedom Shopping Center. Aaron’s Rent to Own will occupy the 7,000 s.f. suite adjacent to the flagship Chase Bank branch, and Five Below will occupy an 11,000 square foot suite between Rose’s and dd’s. Richard Lubkin negotiated the transaction on behalf of Benbrooke. Project Leasing for Shops at Freedom is provided by Josh Beaver of the Nichols Company.
Las Vegas, Nevada
JUNE 2023
Benbrooke entered into a joint venture agreement and closing with a New York based investment fund to acquire and manage the Cheyenne Corporate Center, a nine building, 321,000 square foot, mixed-use office park. Benbrooke intends to redevelop and reposition some of the buildings for alternative uses. Furthermore, the Benbrooke organization is excited to open its first staffed West Coast office. Richard Lubkin negotiated the transaction on behalf of Benbrooke. Matt Kreft and Jayne Cayton, of Avison Young’s Las Vegas office, serve as leasing agents.
Fort Worth, Texas
JANUARY 2023
An affiliate of Benbrooke has sold The Oncor Building. The Oncor Building is a 300 thousand square foot mixed use (office/retail) property located at the corner of West 7th and Main Street in downtown Fort Worth. Benbrooke acquired the property in 2007 and retrofitted the ground floor into Class-A retail space, including The Capital Grille and Plains Capital Bank. George Ackerman negotiated the transaction on behalf of Benbrooke and the company was represented by Ryan Matthews of JLL’s Fort Worth office.
Wylie, Texas
JUNE 2022
Benbrooke has sold the last of the undeveloped outparcels at its Wylie Corners Center, located on high-traffic Highway 78 in Wylie, Texas. Since acquiring the property in 2021, the company has sold all of the out-parcels and has brought the strip center occupancy from 50% to 88%. George Ackerman is the asset manager for the center.
Aston, Pennsylvania
MARCH 2022
An affiliate of Benbrooke sold the Dutton Mill Plaza, a 67 thousand square foot retail and service center on Pennell Road in Aston. Benbrooke had acquired the property in 2014 in partnership with Chestnut Funds of Chattanooga, Tennessee and had entirely renovated and re-leased the center.
Egg Harbor Township, New Jersey
NOVEMBER 2021
Benbrooke has negotiated and signed a 10 year 15 thousand square foot lease for its Cardiff Plaza with BioLife Plasma Services LLC. George Ackerman negotiated the lease for Benbrooke.
Middletown, New Jersey
JUNE 2021
The company has executed a 10,000 square foot lease in its Union Square Shopping Center with national retailer Dollar Tree. The tenant is expected to open in the third quarter of 2021. Principal Rich Lubkin negotiated the lease for the landlord.
Wylie, Texas
MAY 2021
An affiliate of Benbrooke has acquired Wylie Corners, a 19,000 square foot strip center located across the road from Walmart on State Highway 78 in high-growth Wylie, Texas. The property includes an existing village-style strip center and four vacant land parcels. The strip center is 55% leased, giving substantial upside potential. Principal George Ackerman negotiated the acquisition of the property.
Charlotte, North Carolina
MAY 2021
The company has executed am 18,145 square foot lease in its Shops at Freedom with national retailer Ross Dress for Less. The tenant is expected to open in the first quarter of 2022. Principal Rich Lubkin negotiated the lease for the landlord.
Aston, Pennsylvania
DECEMBER 2020
The company has executed a 12,000 square foot lease in its Dutton Mill Plaza with CSL Plasma, a medical user. The tenant is expected to open in the fall of 2021. The lease brings the center’s occupancy rate to 96%. Principal George Ackerman negotiated the lease for the landlord.
Rock Hill, South Carolina
AUGUST 2019
Benbrooke has announced the sale of its Riverview Commons in Rock Hill, South Carolina. The company acquired the Food Lion anchored center in 2012. The transaction was negotiated by Benbrooke Principal Rich Lubkin.
Tappan, New York
MAY 2019
An affiliate of Benbrooke has acquired the Tappan Plaza, a 58 thousand square foot strip center located on State Highway 303 in the Village of Tappan, Rockland County, New York. The existing rent-roll includes Retro Fitness and Wendy’s. Benbrooke plans an extensive renovation and re-leasing effort including new roofs, parking lots, and facades. Principal George Ackerman negotiated the acquisition and Principal Rich Lubkin placed the mortgage debt with an assist from Rick Lechtman of Marcus and Millichap. This acquisition was the fifth property acquired in Benbrooke’s joint venture with Chestnut Real Estate of Chattanooga, Tennessee.
Pittsburgh, Pennsylvania
November 2018
Benbrooke affiliate, Pretium Property Management, been appointed as Receiver of the Heights Plaza Shopping Center in Natrona Heights, Pennsylvania. Both Benbrooke and Pretium resources will be used in the complex asset and property management and redevelopment of Heights Plaza. Heights Plaza is the 380,000 square foot commercial center of Harrison Township. The center is anchored by Community Market, Planet Fitness, Big Lots, Allegheny Health, and UPMC. The assignment is led by Benbrooke Principal Rich Lubkin and Pretium Principal David Niven.
North Charleston,
South Carolina
JULY 2018
Benbrooke has acquired North Village, a 25,000 square foot strip center located near the entrance to Joint Base Charleston on Dorchester Road. The center is anchored by Wells Fargo Bank and Metro PCS and includes several other convenience and service tenants. Principal George Ackerman negotiated the acquisition, which was brokered by Drayton Calmes of The Norvell Group. Principal Rich Lubkin arranged the debt financing. This was the fourth property acquired by Benbrooke in partnership with Chestnut Real Estate of Chattanooga, Tennessee.
Fort Worth, Texas
JANUARY 2018
Benbrooke has acquired Horne Street Crossing, a ten thousand square foot strip center located near the intersection of I30 and Camp Bowie Boulevard. The center is anchored by CareNow and Mint Dentistry. The acquisition was the final piece of a 1031 like-kind exchange stemming from the company's sale of Walnut Plaza in Garland, Texas. The acquisition was led by Benbrooke Principal George Ackerman and the mortgage financing was arranged by Principal Rich Lubkin.
Middletown, New Jersey
NOVEMBER 2017
Benbrooke has signed a 14,000 square foot lease with Planet Fitness for its Union Square Shopping Center in Middletown, New Jersey. The project was managed, and the lease was negotiated by Benbrooke Principal Rich Lubkin.
North Charleston,
South Carolina
OCTOBER 2017
The company has completed the first phase of its redevelopment of Evanston Plaza in North Charleston, South Carolina. The total project budget of approximately $1.8M included new façade and roof. New tenants in the center include Dollar Tree and Star Beauty Supply. The project was managed by Benbrooke Principal George Ackerman.
White Plains, New York
SEPTEMBER 2017
Benbrooke has successfully refinanced the mortgages on three significant assets in New Jersey and North Carolina. Permanent financing for Galleria at Manalapan in Manalapan, New Jersey; Cardiff Plaza in Egg Harbor Township, New Jersey; and Shops at Freedom in Charlotte, North Carolina was managed and negotiated by Benbrooke Principal Rich Lubkin.
Rockwall, Texas
MAY 2017
Benbrooke has completed its renovation and re-tenanting of its Ridge Road Center in Rockwall, Texas. The project included new roofs, façade, and pylon signs. Upon completion of the project, the center is 98% leased with new tenants including Planet Fitness, Rockwall Gymnastics Academy, Racquet and Jog, and Get Healthy. The project was managed by Benbrooke Principal George Ackerman.
Philadelphia, Pennsylvania
AUGUST 2016
Benbrooke has announced the sale of its Franklin Marketplace in Northeast Philadelphia. The company acquired the 232 thousand square foot property in 2004 while it was substantially vacant. Benbrooke renovated and re-tenanted the center. The transaction was negotiated by Benbrooke Principals Rich Lubkin and George Ackerman.
North Charleston,
South Carolina
MAY 2016
Benbrooke has acquired Evanston Plaza, a 71 thousand square foot strip center located in North Charleston near the Charleston Airport. The company is planning extensive renovations and re-leasing activity. The acquisition was negotiated by Benbrooke Principal George Ackerman.
Rockwall, Texas
OCTOBER 2015
Benbrooke has signed a lease with Planet Fitness for 22 thousand square feet at its Ridge Road Center in Rockwall. The transaction was brokered by David English and was negotiated by Benbrooke Principal George Ackerman. The company also place new mortgage financing on the property including a construction funding facility which it plans to use for extensive renovation. The new loan was arranged by Benbrooke Principal Rich Lubkin.
Fort Worth, Texas
MAY 2015
Benbrooke has acquired the Shops at Hulen, a 28 thousand square foot strip center which is shadow anchored by Wal-Mart in Southwest Fort Worth. The transaction was negotiated by Benbrooke Principal George Ackerman.
Cherry Hill, New Jersey
OCTOBER 2014
Benbrooke and its affiliate Pretium Property Management, LLC have announced that David Niven has been promoted to the roles of Chief Operating Officer and Partner of Pretium. Niven has been with Pretium since the company's inception in 2009. He has played a formative role in the company's success and growth. "I am honored to be Pretium's COO. From inception, Pretium has provided me with remarkable opportunity, fascinating career experiences, and rewarding professional development. I intend to create an environment where talented people thrive by facilitating growth and helping our clients accomplish their goals," said Mr. Niven. Benbrooke and Pretium Principal George Ackerman called Niven's promotion "an affirmation of Dave's importance to our organization and a distinction that was certainly due." The promotion and the partnership are both effective immediately.
Fort Worth, Texas
SEPTEMBER 2014
Benbrooke has signed a lease with Planet Fitness for 20 thousand square feet at its Wedgwood Village Shopping Center in southwest Fort Worth. The transaction was brokered by Fletcher Johnson and was negotiated by Benbrooke Principal George Ackerman.