18A —April 22 - May 19, 2022 — Retail Development Reimagined — M id A tlantic Real Estate Journal
www.marej.com
R etail D evelopment R eimagined
James Azarian & Kevin Pelio rep. Allendale Town Center’s landlord of in 2,008 s/f lease Azarian Realty Co. concludes Q1 2022 with six new leases
N
EW JERSEY — In January 2022, Azar- ian Realty Co. exe-
Masi of Progressive Realty Group represented the ten- ant in this transaction. Addi t i on-
cuted a lease with Guerri- ero Gelato in Pine Brook Plaza, Pine Brook. The leased space is a 900 s/f pr ime 2nd gen. restau-
ally in Pine Brook Plaza, Indian res- taurant Chai Pani has also leased a 900 s/f 2nd gen. r e s t aurant for its 2nd lo-
Kevin Pelio
James Azarian
rant end cap with high vis- ibility on Rte. 46. The store has opened for business. James Azarian of Azar- ian Realty Co. represented the landlord and Garibaldi
cation. Kevin Pelio of Azarian Realty Co. represented both the landlord and the tenant. Pine Brook Plaza is officially fully leased. Also in January 2022,
Pine Brook Plaza
Azarian Realty Co. leased 1,140 s/f in Milton Shopping Plaza, Jefferson Twp., to Nick’s Hope, a charitable or-
ganization that provides free clothing to those in need and operates as a thrift store. The store is now open. James
Azarian of Azarian Realty Co. represented both the landlord and the tenant in this transaction. “We are ex- cited to partner with Nick’s Hope and give back to the community. This storefront will allow the philanthropic organization to expand its efforts,” said Azarian. In March, another lease was executed at Milton Shopping Plaza. Smoke Ridge Supplies has leased 1,660 s/f for its first brick-and-mortar loca- tion. Kevin Pelio of Azarian Realty Co. represented both the landlord and the tenant in this transaction. There are only two more leasing oppor- tunities at Milton Shopping Center, one of which is a 2,500 s/f 2nd gen. restaurant. In late March, the 2,008 s/f end cap at Allendale Town Center, Allendale was leased to Primo Hoagies. Primo Hoa- gies is a fast-casual franchise serving Italian specialty sand- wiches. Primo Hoagies has 85 franchise locations across seven US states and over 50 locations currently under de- velopment. This sought-after space has only been available twice in the past twenty years. Kevin Pelio and James Azarian represented the landlord and Jason Brooke of MSCRetail, Inc. represented the tenant. There are only two more leas- ing opportunities at Allendale Town Center. Crumbl Cookies has leased 1,794 s/f at The Shoppes at North Brunswick, a 147,055 s/f Premium Lifestyle Center in North Brunswick. Crumbl Cookies is a rapidly-growing franchise serving freshly baked cookies and is well-known for its rotating cookie menu, which features 4 new flavors each week. Kevin Pelio and James Azarian represented the landlord and Jerry Johnson of Bennett Williams Commercial represented the tenant in this transaction. MAREJ
Relocation Opportunities Wanted
PENNSYLVANIA COUNTIES OF INTEREST INCLUDE: Bradford, Bucks, Carbon, Columbia, Lackawanna, Lehigh, Luzerne, Lycoming, Monroe, Northampton, Pike, Schuylkill, Sullivan, Susquehanna, Tioga, Wayne, Wyoming TYPES OF LOCATIONS WANTED: End Cap, In-Line, Drive-Thru, Free Standing
PLEASE CONTACT: Abbie Muto muto_a@sdepa.com | Cheryl Green green_c@sdepa.com (610) 366-8120 • www.sdepa.com
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