Old Navy signs lease in Hanover Crossroads, Cedar Knolls, NJ
Daily Record – August 25, 2017
HANOVER – The Hanover Crossroads mall in Cedar Knolls has signed three new tenants to reach 100 percent occupancy.
The 107,000-square-foot Morris County shopping center – owned and under development by Teaneck-based Key Properties – has added Old Navy (12,500 square feet), IHOP (5,000 square feet) and an Italian restaurant with catering services (3,650 square feet) to its lineup.
Jerry Welkis of Welco Realty Inc., exclusive leasing agent for Hanover Crossroads, arranged the leases. Michael Friedman of Inline Realty served as leasing agent for Old Navy.
The 100 percent status marks a significant milestone in the transformation of an obsolete, former Berlex Laboratories property into a shopping and social destination. Less than 18 months after Key Properties launched construction at Hanover Crossroads, T.J.Maxx, HomeGoods, Five Below and ULTA Beauty are open for business in the property’s in-line building, as are pad site occupants AutoZone, QuickChek and MedExpress Urgent Care. Famous Footwear also recently signed a lease at the property, with interior construction for that store now underway.
Located at 110 East Hanover Ave., at the signalized intersection of East Hanover and Ridgedale avenues, Hanover Crossroads sits just one mile from a four-way interchange of I-287.