Mid Atlantic Real Estate Journal — Shopping Centers — 27A Duggan and Jones of NAI DiLeo Bram & Co. represent buyer, TG Acquisitions, LLC NAI Hanson’s Messer & James close sale of $6.3m shopping center in Woodbridge, NJ



OODBRIDGE, NJ — NAI James E. Hanson announced

by 11 tenants including Sub- way, Papa John’s Supercuts, Rita’s and Dollar Surplus. “The buyer capitalized on a tremendous value-add op- portunity along a solid retail corridor in a densely popu- lated area with a high median household income,” Messer said. “Through re-leasing and/ or the redevelopment of the vacant space, the buyer will be able to realize increased cash flow.” Added James: “This is a property that the lender took back. We are seeing more lend- ers in the process of disposing of assets that were taken back during the recession.” ■ commitment to providing the highest level of service to our clients has been the keys to our success. We are in an expansion mode, and have doubled our offices. We are actively seek- ing full time associates who are licensed in New Jersey and Pennsylvania to join our team in order to support our ever growing list of clients. Remco president Peter Gal- licchio , represented the seller as well as the buyer, a long time investment client of the firm, in this transaction. ■

the $6.3 millon sale of a 74,618 s/f shopping center located at 755-789 St. Georges Ave. NAI Hanson vice president Hal B. Messer, MSRE , and director of capital markets Gregory James assisted in arranging the purchase of the property. NAI DiLeo Bram & Co. vice presidents Daniel Duggan and Jeffry Jone s represented the buyer, TG Acquisitions, LLC. The 24-percent occupied HI-LIGHTS MAY 31 - JUNE 13, 2013 Greenberg Gibbons & Vanguard begin demolition on factory

755-789 St. Georges Ave.

neighborhood shopping center is located on a 7.5-acre tract. Built in 2001, the two-story property has masonry con- struction and a land area of

328,007 s/f with 403 surface parking spaces. The center is located on Rte. 35, the domi- nant north-south local artery, and has direct access to Rte.

1 and 9. Currently, there is a 56,691 s/f vacancy in space formerly occupied by A&P. Approxi- mately 17,927 s/f is occupied

Gallicchio of Remco Realty Group completes $3.3 million sale of 55,000 s/f shopping center

HILLSBOROUGH, NJ — Remco Realty Group , a North Brunswick New Jer- s e y b a s e d b r o k e r a g e and manage- ment firm, has complet- ed the sale of Hillsboro Club Plaza, a 55,000 s/ f neighbor- hood shopping center situated on 5.5 acres. The property is located at the signalized intersection of Route 206 So. & Andria Ave- nue, adjacent to TD Bank and directly across from Burger King and a newly constructed Chase Bank, on the former Charlie Browns site. Tenants at the center in- clude: Body Shop Fitness, Cafe’ Graziella, JemCleaners, Allstate Insurance and Wine Manor. Avacancy of 22,000 s/f exists, which was previously occupied by Cost Cutters. Remco recently celebrated its 5th year Anniversary in business, and has been ex- tremely active over the years with both landlord and tenant representation assignments, and investment sales trans- actions. Our hard work ethic and Peter Gallicchio


Veraxia CRES selects 5.09 acre site in Hamburg, PA PROJECT OF THE MONTH

Hillsboro Club Plaza


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