Leases signed for three Rehoboth Gateway stores

Jack Lingo Asset Management has announced that it has entered into leases with national retailer Bed Bath & Beyond, specialty grocer The Fresh Market and convenience store Wawa, which will be located in Rehoboth Gateway, JLAM’s new $20 million retail center in Rehoboth Beach.

Bed Bath & Beyond, the country’s leading retailer of domestic merchandise and home furnishings, was represented by Les Sax of Sax Realty and David Orkin of CBRE/RAS Brokerage.

In all three transactions, Jack Lingo Asset Management was represented by its affiliate Jack Lingo Realtor.

The Fresh Market, a specialty grocer focused on offering a mix of high-quality perishables, distinctive foods and a high level of customer service, was represented by Charlie Phelps of Paraclete Realty. The Rehoboth Beach location will be The Fresh Market’s first store in Delaware.

Wawa, which is privately owned, has more than 650 stores nationwide, and offers its signature fresh hoagies, gas and elements such as snacks and sodas. This will be Wawa’s fourth location in the Rehoboth/Lewes area.

Located on Route 1 at the entrance to downtown Rehoboth Beach, Rehoboth Gateway will bring shopping and dining opportunities to the millions of visitors to the Delaware beaches. Totaling more than 60,000 square feet across two anchors and four pad sites, the project is expected to be completed in summer 2016.

“Rehoboth Beach remains among the most sought-after retail destinations for national retailers and restaurants looking to serve the growing year-round population and seasonal visitors,” said Doug Motley of JLAM.

Leasing for the center is being handled by Jack Lingo Realtor, an affiliate of JLAM. For more information phone 302-226-6645.

Jack Lingo Asset Management is a leading commercial and residential development firm based in coastal Delaware. For more information on the company and its portfolio, go to jacklingoam.com.