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    Land Under Netcong, N.J. ShopRite for Sale; Store's Fate Uncertain

    LEDGEWOOD, N.J. -- The fate of a 28,000-square-foot ShopRite in Netcong, N.J. appears uncertain following news that the 2.42-acre site on which it sits has been put up for sale or lease by owner PECD Realty. The store is owned by RoNetco Supermarkets here, which operates seven ShopRites in northwest New Jersey

    LEDGEWOOD, N.J. -- The fate of a 28,000-square-foot ShopRite in Netcong, N.J. appears uncertain following news that the 2.42-acre site on which it sits has been put up for sale or lease by owner PECD Realty. The store is owned by RoNetco Supermarkets here, which operates seven ShopRites in northwest New Jersey

    Vic Pocorobba of RoNetco told Progressive Grocer that there were no plans for the supermarket to close, as the company has an existing lease that extends into the future, but that PECD had made the decision to sell the property, "and that's all we know."

    However, Netcong Mayor Nicholas Pompilio told the newspaper that he heard the store would close June 1. Pompilio described himself as "disappointed" that the ShopRite would shut down in the midst of the town's redevelopment plans, which include the construction of about 200 residential units close to the ShopRite site that could result in another 500 people moving into the area.

    Officials have consequently asked Parsippany-based Woodmont Properties, developer of the redevelopment project, to consider having a small or midsize grocery store occupy the ShopRite site. The property is assessed at $2,761,500, according to the Parsippany, N.J. Daily Record.

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