Mid Atlantic Real Estate Journal — Top Retail Deals 2011 — February 24 - March 15, 2012 — 25
www.marejournal.com
T OP R ETAIL D EALS “2011”
KW Commercial- The James Balliet Commercial Group
Remco Realty
KW Commercial- The James Balliet Commercial Group 40 S. Cedar Crest Blvd. Allentown, PA 18104 TOTAL SALES OR ACQUISITIONS: 64
REMCO REALTY 525 Milltown Road, Suite 101 North Brunswick, New Jersey 08092
BRIEF OVERVIEW OF 2011: The Lehigh Valley retail/
BRIEF OVERVIEW OF 2011: 2011 We are pleased to announce that 2011 was a banner year for us. In addition to Remco obtaining its Pennsylvania Brokers license in 2011, it was a year that provided us with the most listings obtained, the highest volume of completed transactions, along with the highest dollar volume of gross commissions received since our April 2008 inception. A sample of those completed trans-
office real estate markets held up well versus the national
averages. Leasing activity was strong and the sale of prop-
James Balliet
Peter Gallicchio
erty picked up significantly from 2010 totals. Rental rates
actions include the leasing of 3,700 s/f to Enterprise Car Rental in Lodi, the leasing of 4,000 s/f to Sherwin Williams in East Hanover, the leasing of 6,300 s/f to Strauss Auto in Toms River, and the leasing of 6,500 s/f to Napa Auto Parts in Bridgewater. SHORT STATEMENT ON 2012 OUTLOOK: With both consumer and investor confidence on the rise, we enter 2012 on a very positive note. In mid-December, Remco was awarded the marketing assignment to sell or lease a 7,000 s/f free-standing building in Middlesex, formerly occupied by Block Buster video, and within 30 days, Remco also secured the “all cash” buyer. Although this is an election year, we remain very optimistic regarding the overall economy, and the continued demand for retail real estate, and as such, we just doubled the size of our offices. Remco is in an expansion mode, and we are actively seeking full time sales associates who are licensed in New Jersey and Pennsylvania. ■
will increase incrementally while vacancy rates decrease and consumer
confidence and product demand continues to increase.
SHORT STATEMENT ON 2012 OUTLOOK: New construction and
proposed developments will begin to increase in late 2012 into 2013. With
that said we also expect current property owners will begin focusing on
renovation and improvements of existing shopping centers and spaces to
compete against the newer projects. ■
KW C OMMERCIAL
R EMCO R EALTY
SHINE THE SPOTLIGHT ON YOUR COMPANY
Interested in joining the many Retail Experts who are already participating?
5th Annual Retail Experts March 30, 2012
For Lease: OLD BRIDGE, NJ
Sale / Lease: HAZLET, NJ Free standing 15,000sf retail building on 2.57 acres, up to 100 car parking, with large Two Panel Pylon sign.The building is clear span and column free. Serving: Hazlet, Keyport, Aberdeen and Holmdel. Ideal uses: Home Improvement, Fitness, Appliances, Day Care, Electronics, Party & Rentals, Golf, Liquor Store, Pools & Patio, Marine, Produce Market, Pet Supplies
Cheesequake Commons is a 35,000sf CVS anchored neighborhood strip center.We currently have 2 vacancies ranging from 1,500 sf to 2,500 sf. Ciro Pizza Café recently leased a 4,755sf end cap, and will open in April 2011.The strip center is located ¼ mile from the Matawan Train Station, exit #120 of the Garden State Pkwy. Seeking Chicken, Burgers, optical, dental, medical, travel, electronics and gift categories.
REMCO REALTY GROUP, LLC 525 Milltown Road, Suite 101 North Brunswick, NJ 08902 (732) 253-0888 x 11 www.RemcoRealty.net Contact: Peter Gallicchio • pgallicchio@RemcoRealty.net
For details on how to submit your Expert Bylined Article Contact Elaine Fanning to reserve your space 800.584.1062. x212 or efanning@marejournal.com
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