Real Estate Journal — Shopping Centers — January 30 - February 12, 2015 — 5C
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M id A tlantic
S hopping C enters
CJ Huter of The Goldstein Group represents landlord in 1,200 s/f lease Krauss of Winick Realty Group leases three NJ locations for Pure Barre totaling 4,445 s/f
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tion by Winick Realty Group NJ senior vice president Dan- iel Spector . CJ Huter of The Goldstein Group repre- sented the landlord, Urstadt- Biddle Properties . Finally, Pure Barre leased 1,345 s/f at 20 West Main St. in the Denville Square Shop- ping Center in Denville, NJ. “Denville is a lake community, so it’s a town that values an active, healthy lifestyle – the perfect demographic for Pure Barre,” said Krauss. Landlord Lerner Properties was rep- resented in house by Andrea Constantine . n
EW JERSEY — Pu r e Ba r r e ha s signed leases for
women. And this type of barre concept, which is the best in its class, brings people in from a surprising distance away,” said Krauss, who actually took a Pure Barre class in order to best represent the brand. The company is set to oc- cupy 1,900 s/f of retail at 255 Millburn Ave. inMillburn, NJ. “We found Pure Barre a great location with terrific frontage visibility to Mill- burn Avenue and with a large parking lot in the back,” said Krauss. Landlord Fidelco Re- alty Group was represented in house by Kerri Levine .
This is the second location for the operators, Melanie Colman and Molly D’Alessio, who also run a studio in Red Bank, NJ. Pure Barre also leased 1,200 s/f at the Village Shopping Center, located at 1260 Spring- field Rd. in New Providence, NJ. This newly-redeveloped center is “now the best site in that market,” said Krauss. Pure Barre will be joining a high-level co-tenancy that includes Starbucks, CVS, Smashburger and Chipotle Mexican Grill, who was repre- sented in their lease transac-
QUEENS, NY — Tom Ret- taliata and Brian Schus- ter of Ripco Real Estate Ripco Real Estate announces three restaurant leases totaling 24,297 s/f Winick Realty Group ’s Gary Krauss is the broker representing Pure Barre in Northern New Jersey and he negotiated each of the three leases on behalf of the brand. “The Pure Barre name has a lot of cachet. It’s a classy look, attracting a desirable de- mographic of affluent, active their first location in three New Jersey markets—Den- ville, Short Hills and New Providence.
Gary Krauss with Melanie Colman (left) and Molly D’Alessio (right), the owner/ operators of the Millburn and Red Bank Pure Barre Studios.
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represented Darden Con- cepts and Ig- nite Restau- rants in the lease of the site located b e t w e e n Queens Cen- ter Mall and the Long Is- land Express- way (I-495) in Elmhurst, Queens. Ol- ive Garden (8,297 s/f), L o n g h o r n Steakhouse (8 ,000 s / f ) ,
QUALITY • COMMITMENT • PERFORMANCE
Tom Rettaliata
Brian Schuster
and Joe’s Crab Shack (8,000 s/f) now occupy the previously vacant location at the inter- sections of 92nd St. and 59th Ave. All three restaurants face Queens Center, one of the strongest malls in the country, generating sales of $1,059 p/s/f. The average population within a 1 mile radius is 186,331 and average house- hold income within a 1 mile radius is $64,350. The average daily traffic count for the LIE (near this location) is 153,700 vehicles. The average daily traffic count for Woodhaven Blvd. is 52,097 vehicles, and the average daily traffic count for Queens Blvd. is 38,728 vehicles. The landlord is Mat- tone Group Elmhurst, LLC. Joe’s Crab Shack opened on December 9, 2014. Longhorn Steakhouse opened on Septem- ber 29, 2014 and Olive Garden opened on October 27, 2014. n
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