B — January 25 - February 7, 2013 — Shopping Centers — Mid Atlantic Real Estate Journal


S hopping C enters



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



Geotechnical Engineers & Geologists

Construction Inspection & Testing Subsurface Investigations

Retaining Wall Design

Environmental Site Assessments and Remediation

Clean Fill Testing

Stormwater Infiltration Testing Carbonate Site Assessments

Laboratory Soils Testing

South Jersey: 856.768.1001 Central PA: 717.697.5701

Corporate Headquarters: 610.277.0880

Lehigh Valley: 610.967.4540


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