News Outside the Region: Nassimi Rlty. celebrates opening of Ideal Market Place at NJ Botany Plaza

Clifton, NJ Nassimi Realty celebrated the opening of Ideal Market Place at the Botany Plaza shopping center. Ideal Market Place is a brand of the supermarket chain America’s Food Basket (AFB) which specializes in international foods. 

AFB currently has 43 locations in operation, including Ideal Market Place, which is occupying the 24,500 s/f space that used to be a Pathmark. 

By quickly replacing the old supermarket, Ideal Market Place will bring another grocery shopping option back to the neighborhood, will reassure the existing customers and support the adjacent co-tenancy as one of the key anchors of the center. Nassimi Realty’s president, Mike Nassimi, said, “We have been able to promptly and adequately make this replacement thanks to the strong location of Botany Plaza and we are confident that Ideal Market Place will be a successful store for its operator and the entire center. The remaining balance of what used to be Pathmark space was leased to a national gym operator which is currently under construction.”

According to the AFB website, the company operates within all five boroughs of New York, and expands into New Jersey, Massachusetts, Connecticut, and Rhode Island. 

Nassimi Realty is a privately held, diversified development and investment company specialized in redevelopment “turnarounds” of existing properties and ground up developments. Over the last four decades, Nassimi Realty has assembled an impressive, distinct portfolio of quality assets, diversified over many different asset classes and geographic locations. The portfolio consists of distinctive shopping centers, office buildings, industrial assets, residential properties, as well as land holdings.