Real Estate Journal — Shopping Centers — Retail Architecture/Construction/Engineering — May 26 - June 8, 2017 — 13A


M id A tlantic

R etail A rchitecture /C onstruction /E ngineering The 6,000 s/f restaurant sits on 1.9 acres REMCO sells restaurant for $1,000,000 to Grillestone Bar & Restaurant


Peterpaul family, a long time client of Remco, Grillestone Old Bridge shall compli- ment the highly successful Grillestone Scotch Plains. The property which is lo- cated on Route 516, the East / West traffic connector between Routes 9 and 18, benefits from high traffic counts along with area demographics that include a population of over 176,000 earning over $97,000 of median household income. Remco was appointed agent for the owner and also secured the buyer. n

ld Bridge, NJ — Peter Gallicchio president of Som-

e r s e t , N J based Rem- co Rea l ty Group has announc ed that the firm recently sold the f ormer O l d N e w York restau- rant located at

Peter Gallicchio

2658 Rte. 516 to GrilleStone Bar & Restaurant. The 6,000 s/f restaurant sits on 1.9 acres and sold for $1 million or $166.00 psf. Gr i l l estone restaurant provides an ideal setting for private parties and larger gatherings of friends, family or business colleagues. Their wide ranging and well exe- cuted menu includes offerings such as certified angus choice steaks, fresh seafood, organic chicken, full sushi bar, and hand tossed gourmet pizza. Owned and operated by the JJ Operating, Inc. acquires Lawrence Shopping Center Lawrence, NJ — JJ Operating, Inc. acquired Lawrence Shopping Center in partnership with Hou- lihan-Parnes Realtors, LLC . The new owners an- nounced that they will imple- ment a $5 million renovation plan to improve the overall aesthetic and functionality of the shopping center. Capital improvements will include a complete façade renovation, enhanced landscaping, as well as storefront and other tenant improvements, which will be completed by the end of the year. The renovations are part of a comprehensive plan to reposition the property as the preferred destination in the community for shopping and dining. Located in the heart of historic Lawrence, NJ on the busy Brunswick Pike, Business Rte. 1, this 393,430 s/f shopping center is accessible to major road- ways including I-95/295, and serves Mercer County and beyond. New tenants will be join- ing existing, popular brands including Burlington, Acme, Staples, Wells Fargo and MJM Designer Shoes. n

Old New York restaurant

Ethan Allen Marlboro, NJ

Xscape Theater Howell, NJ

Greenleaf Howell, NJ

Howell Commons Howell, NJ

Walgreens Staten Island, NY

TJ Maxx Woodbridge, NJ

Building Quality, Value and Trust 4900 Route 33, Suite 101, Wall Township, NJ 07753 732.933.0707 www.gerardconstructioncorp.com

Made with FlippingBook - Online catalogs