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Food Emporium raises hopes of New Jersey center

8/8/2016

In 2013, when Plainsboro (New Jersey) Plaza lost its grocery anchor, prospects appeared bleak for the once-thriving center. A new town center concept erected across the street in this affluent locale bordering Princeton had siphoned off shoppers in a big way. According to a report in the Trenton Times, two-thirds of the Plaza emptied while Plainsboro Village Center was 96% leased.



Onyx Properties purchased the Plaza at that juncture, promising to bring it back to life. The company reached a milestone on that path today, announcing the leasing of the 43,000-sq.-ft. grocery pad to Food Emporium, the former high-end banner of A&P now owned by Key Foods.



"We have made every effort to maximize tenant and shopper experience," said Matthew Flath, Onyx's VP of retail leasing. "We are especially thrilled about the new anchor tenant.”



Onyx claims to have leased more than 30,000 sq. ft. of space at Plainsboro Plaza since assuming ownership. Other tenants include Indus American Bank, Lightbridge Academy, and Planet Fitness.



Plainsboro Mayor Peter Cantu credited Onyx with foresight in providing a retail alternative the new town center was lacking.



“The community has recognized the need for a high-end supermarket in the Village Center. Bringing in a grocer that understands the needs of our residents is something we have strived for,” Cantu remarked upon the closing of the Food Emporium deal.



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