M id A tlantic Real Estate Journal — Retail Development Reimagined — July 23 - August 19, 2021 — 5A
www.marej.com
R etail D evelopment R eimagined
Farkas of Jeffery Realty represents landlord in 1,721 s/f lease at the Ridgemont Shopping Ctr. Pierson Commercial’s Krauss records 12 newCentral and North Jersey commercial retail transactions
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The landlord, D & L Realty Associates, LLC, represented themselves in the deal. • Tropical Smoothie , Hillsborough – Comprised of 1,400 s/f, this location will begin operations in the second half of 2021 in the Hillsborough Village Center. The landlord, Hillsborough Village Center, LLC, was rep- resented by Shane Wierks of Jeffery Realty . • Jersey Mike’s Subs o Stony Point, NY – This 1,509 s/f Holt Drive location has a targeted opening in the second half of 2021. The
landlord was Crossroads-Holt Drive Associates, LLC. o Wanaque, NJ – Centrally located in Passaic County at 1355 Ringwood Ave., this 1,502 s/f location has a pro- jected fall 2021 opening. The landlord was Wanaque La - Sala, LLC. • Ares Nutrition , Edison – Opened in February, this 1,120 s/f of retail space is located in the Edison Woods Shopping Center. The land- lord, Edison Woods Com- mercial Associates, was rep- resented by Krauss of Pierson Commercial. MAREJ
ARLBORO, NJ — Pierson Commer- cial announced that
Gary Krauss has completed 12 new commercial retail transactions throughout Cen- tral and Northern New Jer- sey during Q1 2021. As a result of this height- ened demand, Krauss final - ized the following transac- tions during the first quarter: • Apple Montessor i Schools, Warren – Apple Montessori Schools opened an 11,856 s/f facility on March 1, 2021, located on Mt. Bethel Rd. The landlord, 117 Mt. Bethel Associates, was rep- resented in-house. • Bubbakoo’s Burritos o Hazlet – This 1,700 s/f location is projected to open in Q1 2022 at the Hazlet Town Center. The landlord, Onyx Equities , was represented by Gregg Medvin of Pierson Commercial. o Park Ridge – The lease in- volves 1,721 s/f at the Ridge- mont Shopping Center. The landlord, Park Ridge Hye Partners LLP, was repre- sented by Bill Farkas of Jeffery Realty. o Poughkeepsie, NY – Situ- ated in the Neptune Shopping Center, this 2,400 s/f location is poised to open this summer. The landlord, Vieira Sardinha Realty, LLC, was represent- ed by Tom Cervone of CR Properties Group, LLC . o New City, NY – The New City Shopping Mall location will feature 1,500 s/f space with an opening Q3-4 of 2021. The landlord, Newton As- sociates, LLC , was repre- sented by Scott Milich of The Goldstein Group . o Midland Park, NJ – Fall, 2021 will see the opening of a 1,700 s/f location at the Midland Park Shopping Center. The landlord, UB Midland Park I, LLC, was represented by Curtis Nas- sau and Matt Grundy of Ripco Real Estate . • Wing Stop o Eatontown – Centrally situated on Rte. 35 andWyck- off Rd., this 1,500 s/f location is being targeted for a Q1 2022 opening. The landlord, Eatontown Wyckoff, LLC, was represented by Rich Schulz of Schulco Real Estate, LLC . o Freehold – Slated to open in the second half of 2021, this 1,550 s/f location is part of Colonial Plaza in Freehold.
Pierson Commercial’s Director Gary Krauss (center) recently arranged five lease transactions on behalf of Bubbakoo’s Burritos during Q1. Pictured with Krauss are Bubbakoo’s Burritos’ Fenil Patel (left) and Perry Partesh (right), who are partners in the New City, NY location.
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