14A — May 10 - 23, 2019 — ICSC Recon — M id A tlantic

Real Estate Journal


ICSC Recon

A I R V I E W A N D B E R K E L E Y HEIGHTS, NJ — Josh Massulli of Red Barn Realty reps. the The Paisley Box Lee & Associates’s Krantz completes retail leases in NJ F

Newmark launches retail division, taps industry veterans

dine-in and takeout services. A luxe new location of longtime Greek restaurant Estiatorio Milos debuted, specializing in seafood. Neiman Marcus brought its signature res- taurant The Zodiac Room, boasting stunning views of the Manhattan skyline. Happy Dining! Diana Zisholtz, Arthur Maglio and Corey Shuster are members of The Faith Consolo Team at Douglas Elliman.  continued from page 10A Food for Thought: Culinary . . . Joining Richards from Vanguard at Newmark is Nicholas Maria , formerly a senior vice president at Time Warner for 25 years where he won many platinum and gold records sales awards. For over 15 years, Maria has been in real estate sales, represent- ing clients in both leasing and sales transactions.  fitters, South Moon Under, Blue Mercury, Playa Bowls, Star Bucks, Woodhouse Spa, Aveda Pure Energy Salon and Lululemon, among many others. Richards has successfully brokered CRE transactions over these past 22 years in the seven northern coun- ties of New Jersey for such clients as Commerce Bank North, HSBC Bank and Wal- greens. He received the Co- Star Power Broker Award for 10 consecutive years from 2006 through 2016 -- keeping good company with Newmark Associates, also a recipient of the same award over multiple years. Richards commented: “I have collaborated with New- mark Associates for many years and when the possibility to direct a retail division pre- sented itself, I immediately took it. I look forward to a long and successful relationship with the Newmark team.” Known by many in the com- mercial real estate business as the “honest broker,” he espouses the belief “find your passion, embrace it, and you will find success” – a banner aligned with Newmark As- sociates’ entrepreneurial phi- losophy and creative approach to the pursuit of excellence with a regional focus and global expertise. Among his responsibilities as Director of Newmark’s Retail Division, Neal is excited to take on the role of mentoring other as- sociates.

CEDAR KNOLLS, NJ — Newmark Associates has hired a veteran industry broker to head up its newly formed retail division. Neal Richards has joined the Newmark team to head up its newly designed retail divi- sion. He previously headed up a retail brokerage organiza- tion, Vanguard Realty, where he managed 35 sales associ- ates over a 22 year span, spe- cializing in shopping centers and central business district (CBD) properties as top pro- ducer and leader in this retail product class. Montclair land- lord representation became a focused market where he com- pleted transactions with such brand names as Urban Out-

the landlord and tenant. The shopping center, located at 239 Bergen Blvd., is a prime retail site at a signalized intersec- tion. Anchored by Superfresh, neighboring tenants include Autozone and CVS. “This desir- able shopping center is a prime retail site in a densely populat- ed area in Bergen County and is highly visible” said Krantz. In Berkeley Heights, NJ Krant z represented the landlord in a 2,500 s/f lease with The Paisley Box at 700 Springfield Ave. Adjacent tenant includes Eagle Tile & Carpet. With the signing of this lease the retail property

is fully leased. Robert Mas- sulli of Red Barn Realty represented the tenant in this transaction. “The property is centrally located near the vibrant Berkeley Heights commercial corridor that at- tracts a large traffic count which the tenant was looking for” commented Krantz. The Paisley Box is a bridal gift shop specializing in robes and accessories. With a focus on expand- ing Lee & Associates’ retail services, Krantz joined Lee & Associates in August 2018 and brings 40 years of commercial real estate experience. 

Krantz , se- ni or VP o f commercial b r o k e r a g e firm Lee & As s o c i a t e s New Jersey, has negotiat- ed 4,150 s/f of retail leases

Josh Krantz

in two separate transactions in Fairview and Berkeley Heights. At the Fair-Ridge Shopping Center, Krantz leased 1,650 s/f of space to wireless carrier Boost Mobile, representing both


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