BRUNELLI ANNOUNCES NEW LANDLORD REPRESENTATION PACTS
OLD BRIDGE, N.J. (3/12/03)–R.J. Brunelli & Co., Inc. today announced that it has signed new agreements to provide exclusive broker representation services in New Jersey for a variety of properties, including subleases for a former Pathmark property at Windsor Green Shopping Center, a former Shop-Rite location at Arrow Mill Plaza, as well as lease opportunities at the new Brook 35 West and Gordon’s Corner Shopping Center, and at the Tiny Tots Plaza.
The 51,440-square-foot Pathmark property offered for sublease is located at the Windsor Green Shopping Center on Route 1 in West Windsor, N.J. Co-anchored by Marshall’s and Staples, the 159,000-square-foot center offers exposure to the prime regional Princeton/Route 1 corridor that boasts a daily traffic count in excess of 70,000. Nearby major retailers include Wal-Mart, Sam’s, Target, Kohl’s, Wegman’s Home Depot, Macy’s, Sears, and a United Artists Multiplex.
The Windsor Green Shopping Center is located just over a mile from the 1.1 million-square-foot Quakerbridge Mall, the only enclosed regional mall in Mercer County. Positioned in the geographic center of Mercer County, between the highly traveled intersections of Route 1 and Route 295, and Route 1 and Quakerbridge Road, the mall is within a 15-minute drive time for all of the county’s more than 353,000 residents.
A drive time demographic survey reports that more than 333,000 residents with an average family income of $102,000 live within 12 minutes or less of Windsor Green, augmented by approximately 200,000 day-time employees. “Retailers report sales volumes in this major shopping hub are higher than similar New Jersey trade area locations that have two or more regional mall alternatives,” said Richard Brunelli, president of the retail real estate brokerage. Interested sub-lessees should contact Mr. Brunelli.
The company has also been appointed exclusive leasing agent for the approximately 46,000-square-foot former Shop-Rite located at the Arrow Mill Plaza on Route 31 and Halstead Avenue in Clinton Township, N.J. The Hunterdon County site draws from a trade area encompassing a 10-mile radius, and is easily accessible from Routes 513 and 31 from the North, Routes 78/22 and 31 from the East, Routes 21, 623 and 513 from the South, and Routes 78/22 and 173 from the West.
According to 1999 demographic studies, more than 30,600 people with an average annual household income of approximately $95,000 reside within an eight-minute drive from the center, while nearly 42,600 people with an average household income of over $96,000 live within a 10-minute drive. For leasing information, contact Brunelli executive vice president Nick Romagnoli.
Brunelli & Co. has also been retained as exclusive leasing agent for the Brook 35 West specialty center on Route 35 in Sea Girt, Monmouth County. Developed by Terranomics, a specialist in upscale lifestyle centers, the 18,500-square-foot GLA property will be located just across Route 35 from the high-performing, fully-leased Brook 35. Also developed by Terranomics, the 80,000-square-foot Brook 35 houses such prominent merchants as Ann Taylor, Banana Republic, Talbot’s, The Gap, Victoria’s Secret and Williams- Sonoma.
With the nearest regional mall located 13 miles away, Brook 35 draws primarily from the adjoining communities of Sea Girt, Spring Lake and Wall Township, an affluent, fast-growing trade area where average household income exceeds $112,000. However, the site’s effective draw expands to other parts of southern Monmouth and northern Ocean counties, thanks to easy access from the Garden State Parkway, State Highways 34, 70 and 71, and Interstate 195.
In western Monmouth County, the firm was named exclusive leasing agent for Gordon’s Corner Shopping Center at Gordon’s Corner Road and Route 527 in Englishtown. This property will be developed as a mixed-use site incorporating approximately 30,000 square feet of retail space and 10,000 square feet of office space. A lease has also already been signed for a Goddard School early learning center.
The Gordon’s Corner site wraps a small Exxon station at an intersection that will be traffic-controlled, and is positioned to service the needs of the growing, high-income western Manalapan Township area, as well as that of the adjacent Englishtown. According to 1999 demographic studies, nearly 31,000 people with an average annual household income of approximately $95,000 live within an eight-minute drive from the center. For further information, contact Brunelli vice president Steve Albert.
The firm has also been appointed as exclusive leasing agent for the 28,000-square-foot Tiny Tots Plaza at Route 22 in Greenbrook. The building is available for lease in its entirety or on a subdivided basis. About 206,000 people with an average household income of approximately $103, 000 live within five miles of the Plaza. Brunelli senior vice president Greg Williams can be contacted for details of this property.
In its capacity as exclusive broker representative, Brunelli & Co. offers an array of services designed to maximize the property’s income stream. A relationship with a property owner typically begins when a development is still just a concept, and continues to the planning and design phases, where in-depth demographic and competitive studies are conducted to help determine the best tenant mix for a center. As the development process becomes more complex with environmental considerations and community concerns creating new obstacles, R.J. Brunelli & Co. can help owners navigate the formidable development maze by providing assistance through every stage of a new development, beginning with land acquisition, and identifying suitably sized parcels with appropriate zoning.
Once the property has been put under control, the company works with the owner to create a leasing-driven site plan based on comprehensive demographic and competitive market surveys. This process strives to ensure that layouts will complement the proposed leasing concept. The lease plan also seeks to locate complementary tenants within the center to maximize foot traffic at each retailer’s storefront. The firm can also develop a presentation package for financing applications, assist with permit and approval process and, if necessary, provide expert testimony before community planning boards.
For additional information on the firm’s landlord or tenant representation services, contact Richard Brunelli, president, or Greg Williams, senior vice president, R.J. Brunelli & Co., Inc., 400 Perrine Road, Suite 405, Old Bridge, N.J. 08857. Telephone is (732) 721-5800.
Press contacts: At R.J. Brunelli & Co., Inc., Richard J. Brunelli, president, (732) 721-5800; at Parness & Associates Public Relations, Bill Parness (732) 290-0121.