Hmart to Open in Fourth Quarter 2016
YONKERS, NY — February 4, 2016 — Brixmor Property Group (NYSE: BRX) (“Brixmor”), owner and operator of the largest wholly owned U.S. portfolio of grocery-anchored shopping centers, yesterday announced it has strengthened its tenant offering at Highridge Plaza in Yonkers, NY, with the addition of Hmart, an Asian-American supermarket chain. Hmart is scheduled to open a 41,764-square-foot store in the fourth quarter of 2016 in the former Pathmark space.
“There has been a lot of interest in our community for a high-quality grocer to join Highridge Plaza, and we are thankful for Brixmor’s ability to bring our neighborhood a leading supermarket chain like Hmart,” said Yonkers Mayor Mike Spano. “Hmart is one of the top-15 fastest growing retailers in National Retail Federation’s list of HOT 100 RETAILERS, and its presence is a nice complement to the diverse mix of prominent national and local retailers already operating at Highridge Plaza.”
Hmart is a 34-year-old supermarket chain, started with the first store in Woodside, Queens, NY, back in 1982, offering robust and unique food culture that also promotes a rich and healthy lifestyle. Today, Hmart has over 50 stores in 11 states.
“We are looking forward to joining the Yonkers community with our upcoming location at Highridge Plaza. Our stores combine the full-scale offering of traditional supermarkets with a full line of Asian groceries – we are truly excited to offer local customers the chance to buy their go-to products as well as find new favorites in one convenient location,” said Sam Q. Kim, Director of Marketing & Planning for Hmart.
“Highridge Plaza is one of our core properties and a premier shopping center in lower Westchester County, and it was important for us to quickly fill the void in this market for a strong grocer offering a variety of cuisine and food options,” said Barry Rodenstein, President, North Region, of Brixmor Property Group. “We are pleased to announce this agreement with Hmart so soon after Pathmark’s departure. This will have a positive impact on Highridge Plaza, drawing thousands of customers per week while providing Yonkers with a top-tier grocer to serve the community.”
Highridge Plaza is located in Yonkers’ major retail corridor of lower Westchester County, serving a population of over 200,000. Other key tenants in the center include McDonald’s, Sally’s Beauty Supply, The UPS Store and Dickey’s Barbeque Pit.
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The Brixmor Property Group owns and operates the nation’s largest wholly owned portfolio of grocery-anchored community and neighborhood shopping centers, with 519 properties aggregating approximately 87 million square feet of gross leasable area located primarily across the top 50 U.S. metro markets. Brixmor leverages its national footprint, local market knowledge and operational expertise to support the growth of its retail tenants. The Company is focused on maximizing the value of its portfolio through its ongoing “Raising the Bar” program which involves strategic leasing and anchor space repositioning / redevelopment initiatives. Headquartered in New York City, the Company is the largest landlord to The TJX Companies and The Kroger Company.