Whole Foods Market To Open First Cherry Hill Township Location At Ellisburg
Circle Shopping Center
CHERRY HILL, N.J., Feb. 14, 2013
CHERRY HILL, N.J., Feb. 14, 2013 /PRNewswire/ --Federal Realty Investment
Trust (NYSE: FRT) announced today that Whole Foods Market (NASDAQ: WFM), the
world's leading natural and organic supermarket and America's first national
certified organic grocer, will open its first Cherry Hill Township location at
Ellisburg Circle Shopping Center at Route 70 and Kings Highway in Camden
The grocer will occupy a 47,000 square foot space of Ellisburg Circle's
267,000 square feet of total space and is expected to open in 2014. "The
Whole Foods Market concept and overall shopping experience is a perfect match
for the Cherry Hill market," said John Hendrickson, Northeast Regional Chief
Operating Officer for Federal Realty Investment Trust, "We are excited to
bring such a tremendous and needed amenity to the community."
Acquired by Federal Realty in 1993, Ellisburg Circle Shopping Center is a
regional shopping destination anchored by Buy Buy Baby and Stein Mart, with a
merchandising mix currently comprised of more than 25 additional
stores."Whole Foods Market will meet our customers' growing desire for a
grocer with the widest and highest-quality of natural and organic foods and
products while providing opportunity to further enhance the remaining tenancy
and our vision of the property," said Lance Billingsley, Director of Anchor
Tenant Leasing for Federal Realty Investment Trust.
"Furthermore, the addition of Whole Foods Market is consistent with Federal
Realty's sustainable efforts and continues our reinvention of Ellisburg Circle
Shopping Center." Billingsley added. In 2012, the installation of roof and
ground mounted solar panels was completed to meet approximately 20% of the
electric needs for the tenants and common area of the Center. In addition,
rain gardens were designed to enhance the atmosphere while purifying waters.
To further the Center's transformation, Federal Realty will complete cosmetic
upgrades to coincide with the Whole Foods Market opening.
"As the 13th New Jersey store for the company, we are thrilled to offer
another location and option to our customers. Neighboring our Marlton store,
the community will find the new store to rival and share many of the same
amenities they have come to love and enjoy. We look forward to community
engagement, opportunity, growth and creating job opportunities," said Scott
Allshouse, Whole Foods Market Mid-Atlantic Region President.
Texas-based Whole Foods Market opened its first store in 1980 with a staff of
19 and now operates over 340 stores in the US, UK and Canada. FORTUNE magazine
ranked the grocer on its "100 Best Companies to Work For" list for the
sixteenth consecutive year and Workplace Dynamic listed Whole Foods on its Top
150 Workplaces list based on employee surveys from more than a million
"Cherry Hill is thrilled to welcome Whole Foods Market as a neighbor in our
community," said Cherry Hill Township Mayor Chuck Cahn. "Not only are they
creating local, family-sustaining jobs, they are revitalizing, renovating and
reusing a property that will be transformed into a vibrant environment in the
center of our town. Whole Foods Market, along with other nearby projects, is
reinventing Ellisburg into a prime location for shopping in the region."
For career opportunities at Whole Foods Market, interested individuals are
encouraged to visit www.wholefoodsmarket.com
About Whole Foods Market^®
Founded in 1980 in Austin, Texas, Whole Foods Market (wholefoodsmarket.com,
NASDAQ: WFM), is the leading natural and organic food retailer. As America's
first national certified organic grocer, Whole Foods Market was named
"America's Healthiest Grocery Store" byHealthmagazine. The company's motto,
"Whole Foods, Whole People, Whole Planet"™ captures its mission to ensure
customer satisfaction and health, Team Member excellence and happiness,
enhanced shareholder value, community support and environmental improvement.
Thanks to the company'smore than 73,000 Team Members, Whole Foods Market has
been ranked as one of the "100 Best Companies to Work For" in America
byFORTUNEmagazine for 16 consecutive years. In fiscal year 2012, the company
had sales of $11.7 billion and currently has more than 340 stores in the
United States, Canada and the United Kingdom.
About Federal Realty
Federal Realty Investment Trust is an equity real estate investment trust
specializing in the ownership, management, development, and redevelopment of
high quality retail assets. Federal Realty's portfolio (excluding joint
venture properties) contains approximately 19.6 million square feet located
primarily in strategically selected metropolitan markets in the Northeast,
Mid-Atlantic, and California. In addition, the Trust has an ownership interest
in approximately 1.0 million square feet of retail space through a joint
venture in which the Trust has a 30% interest. Our operating portfolio
(excluding joint venture properties) was 95.3% leased to national, regional,
and local retailers as of December 31, 2012, with no single tenant accounting
for more than approximately 3.2% of annualized base rent. Federal Realty has
paid quarterly dividends to its shareholders continuously since its founding
in 1962, and has increased its dividend rate for 45 consecutive years, the
longest record in the REIT industry. Federal Realty is an S&P MidCap 400
company and its shares are traded on the NYSE under the symbol FRT. For more
information, please visit www.federalrealty.com.
Marketing Manager, Northeast Region
SOURCE Federal Realty Investment Trust
Press spacebar to pause and continue. Press esc to stop.