S hopping C enters
F eaturing
M id -A tlantic C onference & D eal M aking
Real Estate Journal — Shopping Centers — February 22 - March 14, 2019 — 5A
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M id A tlantic
EW JERSEY — Gary Krauss of P i e r s on Com- Greenman of Silbert Realty and Management Co. reps. landlord in 1,823 s/f lease Krauss of Pierson Commercial Real Estate brokers retail transactions totaling 52,561 s/f N November 12, 2018. Cotenants include Starbucks, Chipotle, and Jersey Mike’s Subs. Pro- jected opening Q2 2019. Realty and Management Company, Inc.
Real Estate . Leased 1,200 s/f of space for Bubbakoo’s Burritos in Jona- than Square Shopping Plaza, Toms River. The landlord was GT Medical FLP . Krauss represents tenant in the following leases: Leased 2,500 s/f of space for Blaze Pizza in Manalapan Commons, Manalapan. The landlord was Manalapan UE, LLC . Leased 2,560 s/f of space for Mamoun’s Falafel in Wall Promenade Shopping Center, Wall. The landlord was Rt 35 Wall Promenade, LLC represented by Marta Villa, of JLL . Leased 2,094 s/f in Ruth- erford Commons Shopping Center, 150 Rte. 17 North, East Rutherford. The landlord is Urban Edge Properties , represented by The Goldstein Group . Lease was executed
for Jersey Mike’s Subs in Mansfield Commons Shop- ping Center, Hackettstown. The landlord was National Realty and Development Corp. , represented by Dovid Spector . Leased 1,200 s/f of space for Jersey Mike’s Subs in Mill Creek Annex, Secaucus. The landlord was Paramount Realty Services , represent- ed by Lee Zakaria . Leased 1,500 s/f of space for Jersey Mike’s Subs in Orchards at Dover Shopping Center, Toms River. The landlord was The Orchards at Dover LLC, represented by Karen Dolan , of Florham Realty Management, LLC . Leased 1,382 s/f of space for Jersey Mike’s Subs in North Village at Sparta. The land- lord was NV Retail Hold- ings, LLC , represented by David Greenman of Silbert
Leased 1,554 s/f of space for Jersey Mike’s Subs in Eagle Rock Commons Shopping Center, Roseland. The land- lord was Klein Roseland, LLC and Sterling Rose- land, LLC , represented by Sabre Real Estate Group, LLC . Krauss represented the tenant in the following Bub- bakoo’s Burritos' leases: Leased 1,950 s/f of space for Bubbakoo’s Burritos in Vil- lage Green Shopping Center, Mt. Olive. The landlord was SDK Village Green, LLC , represented by Mona Holz- berg , of Ripco Real Estate . Leased 2,500 s/f of space for Bubbakoo’s Burritos in Cop- per Tree Shopping Center, Oakland. The landlord was Shanvi LLC , represented by Alison Cohen , of Ripco
m e r c i a l Real Estate r ep r e s en t s t e n a n t i n the following leases: L e a s e d 1,402 s/f of s p a c e f o r JerseyMike’s
Leased 1,823 at the Lowe’s Retail Center at 67 Rte. 9, Marlboro. The landlord was JMP Marlboro Retail Unit 2, LLC , represented by David Greenman of Silbert Realty. Krauss represents landlord in the following leases: Leased 2.9 acres of space for Landmark Plaza Man- agement, LLC in Landmark Plaza, Howell. The tenant was Aldi, represented by Tom Hornstein, of Horn Compa- nies, LLC . Aldi’s building was 18,553 s/f. Leased 10,920 s/f of space for Navesink Center, LLC in Navesink Shopping Center. The tenant was Dollar Tree, represented by Danielle Brunelli, of RJ Brunelli & Co. properties totaling 7 million s/f. The deal were completed as all-cash transaction,” said Gorjian. “We have acquired 27 properties across the United States in the last 12 months and are currently pursuing additional opportunities in the Cleveland area as well as throughout the Midwest, Southwest, Southeast, and Northeast,” he added. Discount retailer Roses Ex- press occupies the 25,520 s/f, single-tenant property at 1450 Hayden Ave. The building pro- vides 535 feet of street front- age and sits on a 2.28-acre lot. Roses and Roses Express brands are owned by Vari- ety Wholesalers, Inc., which operates nearly 400 stores, primarily in the Southeast and Midwest. Roses Express sells apparel, shoes, acces- sories, home furnishings and décor, toys, health and beauty products, and other household products. 1450 Hayden Ave. is the only major retail property within its residential neigh- borhood and alongside the busy Hayden Ave. corridor.
Gary Krauss
Subs in Washington Bridge Plaza, Fort Lee. The landlord was AAC Fort Lee Plaza LLC , represented by Jason Gerbsman , of Hudson RE, LLC . Leased 1,423 s/f of space
HI-LIGHTS
SPOTLIGHT
Joel J. Gorjian of Gorjian Acquisitions buys Lee Wayne Plaza Office and Retail Center in Sterling, IL
GREAT NECK, NY — Joel J. Gorjian , a national real es- tate investor and president &
MID-ATLANTIC CONFERENCE & DEAL MAKING
CEO of Great Neck, New York-based Gorjian Ac- quisitions , h a s p u r - chased the Lee Wayne Plaza office/ retail center in Sterling, IL.
5-20A
R.J. BRUNELLI & CO. ANNOUNCES LEASES FOR DOLLAR TREE &GOODWILL
Joel J. Gorjian
Lee Wayne Plaza
Services; Comcast of Northern Illinois; Castor Home Nursing, Inc.; Back to Health Chiro- practic Care; and several other commercial tenants. There are also two rental warehouse and storage spaces. Nearby retail- ers include the Northland Mall, a Walmart Supercenter, Menards, ALDI, and Kohl’s, among other national retailers and restaurants. Gorjian Acquisitions, has purchased 25,250 s/f 1450 Hayden Ave., a single-tenant retail building in East Cleve- land, OH. “This latest acquisition brings our national owner- ship interest portfolio to 60
the most densely populated section of Sterling, a town 110 miles west of Chicago. The fully-leased property has a high visibility from Rte. 2, the primary commercial artery through the town, and services the Sauk Valley community with a population of approxi- mately 60,000, including more than 40,000 residents of Ster- ling, Rock Falls, and Dixon. Lee Wayne Plaza’s 13 tenants include two government enti- ties – the Bi-County Special Education Cooperative and the Illinois Department of Employment Security’s Unem- ployment Career Center – as well as McCormick Financial
“These latest acquisition brings our national ownership interest portfolio to 60 proper- ties totaling 7 million s/f. The four deals were completed as all-cash transactions,” said Gorjian. “We have acquired 27 properties across the United States in the last 12 months and are currently pursuing additional opportunities in the Midwest, Southwest, Southeast, and Northeast,” he added. Located at 2317-2323 East Lincolnway, the Lee Wayne Plaza is a 43,514 s/f, one-story office and retail strip center situated on a 2.08-acre lot in
7A
The Space Place Your Guide to Available Retail Space
NameofCenter& Location Pohatcong Plaza 1250USHighway22 Phillipsburg,NJ08865
Available Sq. Footage
CompanyContact Information
9A Anchor Stores WalmartSupercenter, Stop&Shop,Regal Cinemas,Hobby Lobby,Marshalls, HomeGoods WalmartSupercenter, Sam'sClub,Regal Cinemas,Kohl's, HobbyLobby
Co-Tenants
NationalRealty&Development Corp.
Ulta,OldNavy, PetValu,Verizon Wireless,WaWa
4,000-30,496SF PlusPadSite
HarrisonLyss 914.272.8043 harrison.lyss@nrdc.com
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NationalRealty&Development Corp.
Northampton Crossings 3768EastonNazarethHighway Easton,PA 18045
Staples,Panera Bread,Petsmart
8,987SF PlusPadSite
HarrisonLyss 914.272.8043 harrison.lyss@nrdc.com
NationalRealty&Development Corp. NickHrvatin
Marketplace at Cinnaminson 2501Route 130South
WalmartSupercenter, Sam'sClub
Modell's
2,500-25,650SF
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