News Bits from the ICSC New York Deal Making Show Floor

News bits from the ICSC New York Deal Making show floor

L.L.Bean took an anchor position at Madison Marquette’s Montgomery Promenade, a specialty center set to open in 2019 near Princeton, N.J. The outdoor lifestyle retailer will occupy 17,000 square feet within Montgomery Promenade’s 270,000 square feet of retail space. The outpost will be the brand’s first in central New Jersey.

“We could not ask for a better anchor for our new Montgomery Promenade project than L.L.Bean,” said Peter Tomai, the firm’s managing director for investments. “Madison Marquette and L.L.Bean share a vision for engaging and convenient locations where people gather for shared experiences. L.L.Bean’s long-standing reputation for quality and authenticity is a perfect fit for Montgomery and our local community.”

The Madison Marquette vision involves a “community responsive” tenant mix that includes shopping, dining and opportunities for active pursuits and experiences, according to Jamie Gull, L.L.Bean’s vice president of retail real estate. “Having a store in the Princeton market has long been a goal of ours,” said Gull, “and this location is well placed to serve our customer base in the area.”