6602-6630 Crescent Blvd. in Pennsauken — Courtesy: Vantage Real Estate Services
By Joshua Burd
A chicken wing chain is adding a new build-to-suit location in Camden County, following a transaction arranged by brokers with Vantage Real Estate Services.
The operator, Wingstop, has signed a long-term lease for a pad site at 6602-6630 Crescent Blvd. in Pennsauken, Vantage RES said in a news release. The property provides it with a location that is highly visible and along a main commercial thoroughfare, one that is easily accessible from Black Horse Pike and routes 76 and 676.
Emily Stein, director of health care services, and Corinne Giletto, a senior adviser with the brokerage firm, represented the landlord, Urgent Care RE LLC. David Dunkelman of Soloff Realty & Development represented WingStop.
“During the recent downward shift in the marketplace due to COVID-19, it is even more important for everyone involved in commercial real estate to have a strong understanding of the economy,” Giletto said. “Our relationships with landlords, including Urgent Care RE LLC, become even more critical as we service our clients, especially during challenging times.”
Urgent Care RE owns and manages multiple retail, medical, restaurant and office buildings in and around South Jersey, including AFC Urgent Care facilities.
“This is a great example of a strong partnership with our broker Vantage RES: to sign a long-term lease with Wingstop Franchise at our location in Pennsauken,” said Srikanth Sankar, a partner with Urgent Care RE. “Given the uncertain times in commercial real estate, this is a good sign that deals can be executed via a collaborative effort between landlord and potential tenant.”
