Key Properties Breaks Ground on Hanover Crossroads Restaurant Pad Site

by Katie Lee

Cedar Knolls, N.J. — The groundbreaking for a stand-alone building that will house two restaurants at Hanover Crossroads marks the final phase of construction for the 107,000-square-foot Morris County, N.J., shopping center. IHOP and Mangiamo’s, an Italian eatery with catering services, will occupy the 8,650-square-foot structure, according to owner/developer Key Properties.

Located at 110 East Hanover Ave., Hanover Crossroads is fully leased to a mix of national tenants. Old Navy and Famous Footwear opened at the property this fall, joining T.J.Maxx, HomeGoods, Five Below, Ulta Beauty, Auto Zone, QuickChek and MedExpress Urgent Care.

“Dining is such an important part of today’s retail experience, and the additions of IHOP and Mangiamo’s introduce that element at Hanover Crossroads,” says Key Properties’ Marc Schlussel, co-managing partner. “Ultimately, the mix we have established at this property will ensure its appeal as a one-stop option for area consumers for years to come.”

Pictured (L-R) are Schlussel; Hani and Shrief Ghobrial, co-owners of Mangiamo’s; and Sobhy Abdelhady, IHOP franchisee. Phelps Construction Group serves as construction manager for Hanover Crossroads; Welco Realty orchestrated both restaurant leases as the property’s exclusive agent.

Headquartered in Teaneck, N.J., Key Properties LLC is a third-generation, family-owned and operated real estate development, construction and management firm. Since its inception in 1970, Key Properties has completed a variety of projects including office, industrial and retail properties, as well as mixed-use developments.

SOURCE: Key Properties

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