Gladstone Development Corp. Finalizes Leasing Of Middletown Shoppes

MIDDLETOWN, N.Y. - March 31, 2014 - PRLog -- Gladstone Development Corp. is pleased to announce the completion of the redevelopment and re-tenanting of the Middletown Shoppes in Middletown, New York. Middletown Shoppes is now 100% occupied with the addition of new tenants Leslie's Pools, Sprint and Five Guys. The center is located on Route 211 in Middletown directly across the street from the 800,000 square foot Orange Plaza anchored by Wal-Mart, Kohl’s and Bed Bath & Beyond.

Richard Gladstone, President of Gladstone Development Corp., states: "We are very excited about our lease-up of our entire Middletown property which highlights its great location and the success of our renovations for both the site and the building. I would also like to thank our exclusive agent, Adam Caplan among others at Shopping Center Realty Corp., who did a great job of re-leasing the property with all nationally branded tenants."

Gladstone Development Corp. is a Greenwich, CT based real estate firm focusing primarily on the acquisition, management, leasing and redevelopment of shopping centers across the United States. Major tenants in properties owned and developed by Gladstone Development Corp. have included Wal-Mart, Target, Home Depot, Stop & Shop, Price Chopper, Winn-Dixie, Michaels, Rite Aid, Tractor Supply, Anthropologie, and Chase Bank among other major national and regional tenants. The principals of Gladstone Development Corp. have over 60 combined years of commercial real estate experience and currently own and operate properties in eight states.

Shopping Center Realty Corp. specializes in the leasing and management of shopping center properties in the Northeast for both owners and national retailers.