14A — February 28 - March 13, 2014 — Top Retail Deals 2013 — Mid Atlantic Real Estate Journal
www.marejournal.com
T op R etail D eals “2013”
Bennett Williams Realty, Inc.
Remco Realty Group
Remco Realty Group North Brunswick, NJ
BENNETT WILLIAMS REALTY INC. 3528 Concord Rd., York, PA 17402
Top deal of 2013: : Remco served as the sole broker in the $3.3m investment sale of Hillsboro Club Plaza, a 55,000 S/F neighborhood Shopping Center situated on 5.5 acres. The property is located at the signalized intersection of Route 206 So. & Andria Avenue, adjacent to TD Bank and directly across fromBurger King and a newly constructed Chase Bank, on the former Charlie Browns site.Tenants at the center include: Body Shop Fitness, Cafe’ Graziella, Jem Cleaners, Allstate Insurance and Wine Manor. Currently, a 22,000 S/F vacancy exists, which was previously occupied by Cost Cutters.
Total Sales or Acquisitions: $178,258,762 Total of S/f Leased, Sold or acquired: 2,005,619 S/F
Top deal of 2013: $4.697m sale of Randolph Park SC (1720 S. Queen St., York, PA). The 30,000 S/F center features tenants such as Jos. A. Bank, Starbucks, and Chico’s.
OVERVIEW OF 2013: 2013 was an amazingly impressive year. At our firm, we saw exponential growth in both the dollar amount sold, and the square footage leased in all areas of commercial real estate (retail, office and industrial). Our firm has also seen healthy growth in the number of active, high-volume agents we employ. Overall, 2013 was one of best years in recent history. 2014 Outlook: The year ahead, 2014, looks to grow and expand on the market growth we have seen in the past year. We are very
OVERVIEW OF 2013: In 2013, we enjoyed a very steady volume of both closed transactions, and new marketing assignments. Some of those closed transactions include the sale of a 15,000 s/f Industrial building in Branchburg to WJ. Casey Rigging; the sale of the 55,000 s/f Hillsboro Club Plaza Shopping Center, the leasing of 3,200 s/f to Sherwin Williams in Hillsborough, and the leasing of 15,000 s/f to Dollar Tree in Hazlet. 2014 Outlook: We believe that 2014 shall remain as steady as 2013, or slightly better. We are starting 2014 with several deals in the paper stage, and just signed a new listing for a 7,500 s/f building for sale on Rte. 22 in Green Brook, which was formerly home to National Pools & Spas. Remco recently celebrated its 6th year Anniversary in business, with the launching a brand new website. The firm has been extremely active over the years with both landlord and tenant representation assignments, and investment sales transactions.
Bradley Rohrbaugh
Chad Stine
excited to see what the new year holds for us. n
Our hard work ethic and commitment to providing the highest level of service to our clients has been the keys to our success.
B ennett W illiams R ealty I nc .
R emco R ealty G roup
7,500 SF Retail/Commercial Building
Green Brook, NJ — Free-standing 7,500 s/f Retail/Commercial building, formerly home to National Pools & Spas for sale or lease. The property features a large pylon sign, 30 car parking, and large rear yard for storage. *Additional Property Bonus* includes a 7,500 s/f basement, with bathrooms and 2 drive-in loading docks, that may be leased out separately, making this property a great opportunity for a User / Investor seeking to purchase and collect rent. Area demographics include a population of over 94,000 within a 3 mile radius, earning over $93,000 of median household income.
For more information contact: Peter Gallicchio (732) 253-0888 | pgallicchio@remcorealty.net www.remcorealty.net
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