Jack Lingo Asset Management announced leases with national retailer Bed Bath & Beyond, specialty grocer The Fresh Market and convenience store Wawa. Lingo Asset Management is based in Rehoboth Beach.
All will be located on Rehoboth Gateway, Lingo’s new $20 million retail center in Rehoboth Beach.
Bed Bath & Beyond, the country’s leading retailer of domestics merchandise and home furnishings, was represented by Les Sax of Sax Realty and David Orkin of CBRE/RAS Brokerage, while 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 custom service, was represented by Charlie Phelps of Paraclete Realty, while Lingo was represented by Jack Lingo Realtor.
The new Rehoboth Beach location will be The Fresh Market’s first store in Delaware. Fresh Market is based in Greensboro, NC and has about 170 stores. The company recently exited the California market.
Wawa, which is privately owned, has more than 650 stores on the East Coast. This will be Wawa’s fourth location in the Rehoboth / Lewes area. Lingo Asset Management was represented by Jack Lingo Realtor in the transaction.
Located on Coastal Highway at the entrance to downtown Rehoboth Beach, Rehoboth Gateway will offer shopping and dining opportunities to the millions of visitors to the Delaware beaches.
With more than 60,000 square feet across two anchors and 4 pad sites, the project is currently under construction.
Leasing for the center is being handled by Jack Lingo Realtor.
For more information on the Lingo Asset Management and its portfolio, visit www.jacklingoam.com.
