B — January 25 - February 7, 2013 — Shopping Centers — Mid Atlantic Real Estate Journal
www.marejournal.com
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EnvironmentalÿRisks Disclosures Compliance DueÿDiligence Permitting W E C ANÿ P UT THEÿ P IECESÿ T OGETHER
Wisnoski reps landlord in 2,500 s/f lease Gerlach of Metro Commercial negotiates $775,000 sale on Rte. 73 M t. Laurel, NJ — Metro Commercial , the region’s largest
full-service retail real estate firm, announced today the sale of 3.85 acres in Voorhees, NJ to J&J Development Group, LLC for $775,000. Metro Commercial’s vice presi- dent, Mark Gerlach , noted the vacant land located at 995 Route 73 South was previ- ously approved in Voorhees and Evesham Township for a small shopping center. J&J plans to build a small retail development on the property which straddles the Voorhees-Evesham border. Metro Commercial represented the seller, GNZ, LLC, of St.
Our legalÿandÿtechnicalÿteamÿcanÿhelpÿnavigateÿtheÿcomplexÿlegalÿ andÿregulatoryÿchallenges andÿbringÿallÿtheÿpiecesÿtogetherÿfor yourÿdevelopmentÿprojects. www.mgkflaw.com
Voorhess, NJ
center is located at 269 North Broadway (Route 49) in Salem County. The store is schedule to open in April 2013. Metro Commercial’s George Wisnoski represented the land- lord, Pennsville Acquisition, LLC , in the transaction. n and Interstates 78 and 287. After multiple offers being sub- mitted based on this incredible location, the asset commanded a sale price of $600,000, or $85.75 psf. Remco president, Peter Gallicchio represented both parties in this transaction and commented that in to- day’s economic uncertainty, the buyer and seller must be realistic in their expecta- tions in order to bring about a successful transaction. n
Louis, Missouri in the transac- tion. PENNSVILLE, NJ — Metro Commercial Real Estate, Inc. has negotiated a lease for We’r’Wireless to occupy 2,500 s/f at The Shops at Pennsville in Pennsville. The shopping
President Gallicchio of Remco Realty Group reps both buyer & seller in $600,000 sale of former Blockbuster location
MIDDLESEX, NJ — North Brunswick New Jersey based Remco Realty Group has
recently com- p l e t e d t h e sale of 680 Bound Brook Road, in Mid- dlesex, NJ. The free- s t a n d i n g 7,000 s/f fa- c i l i t y wa s
680 Bound Brook Road
car parking, high ceilings and drive-in loading. The property is located just 2 miles West of the 378,000 s/f “Bridgewater Promenade” Pow- er Center and has immediate access to Routes 22,28,202,206
Peter Gallicchio
previously occupied by Block- buster Video and features 49
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