News

‘BIG BOX’ CLOSURES CAUSE RETAIL VACANCY RATE IN CENTRAL NEW JERSEY TO REACH 9% IN 2008, ACCORDING TO ANNUAL R.J. BRUNELLI SURVEY – 47% of vacant space came from nine major chains Ongoing troubles in the retail industry caused the vacancy rate along central New Jersey’s four largest shopping corridors to rise for the third

– Eight chains account for nearly 60% of vacancies With the rash of recent retailer bankruptcies and downsizings adding to an inventory that included unclaimed spaces from earlier failures, the vacancy factor in retail properties along northern New Jersey’s six major shopping corridors jumped to 6.6% during 2008 from 3.6% a year earlier, according to

OLD BRIDGE, N.J. — Retail vacancies are on the rise along major shopping corridors in Northern and Central New Jersey, according to an interim survey conducted last month by R.J. Brunelli & Co., creating what the firm calls “rare expansion opportunities” in prime properties for national retail and restaurant companies desiring to make a splash

OLD BRIDGE, N.J. (5/13/08) – John (Jack) E. Fisk has joined retail real estate specialists R.J. Brunelli & Co., Inc., where he will head a new unit focusing on the sale of restaurant businesses. “Until now, our services for expansion-minded restaurant companies were limited to procuring sites in New Jersey, New York and Pennsylvania,” noted

OLD BRIDGE, N.J. (5/508) – Retail real estate industry veteran Michael L. Murphy has joined R.J. Brunelli & Co., Inc. as a strategic project manager for the brokerage’s key shopping center leasing and retail site selection projects. Over the course of a 36-year career, Murphy has served in a variety of senior level positions at

The vacancy rate in retail properties along central New Jersey’s four largest shopping corridors edged up to 4.7% in 2007 from 4.3% a year earlier in the wake of the bankruptcies of Levitz Furniture and The Rag Shops, and closings of Comp USA stores in all but a handful of Sunbelt markets, according to R.J.

OLD BRIDGE, N.J. (3/12/08)—Fueled by the bankruptcies of Levitz Furniture and The Rag Shops, and closings of Comp USA stores in all but a few Sunbelt markets, vacancies in retail properties along northern New Jersey’s six major shopping corridors grew to 3.6% during 2007 from 2.9% a year earlier, according to R.J. Brunelli & Co.,

OLD BRIDGE, N.J. (2/1/08)—Retail leasing specialists R.J. Brunelli & Co., Inc. today announced six new tenant representation assignments in the New Jersey and New York markets, including two chains – Kona Grill and Citi Trends Fashions for Less—both seeking their first locations in the Garden State. In addition to Kona Grill and Citi Trends, the

–Transactions include deals for A&P, Aldi, Tuesday Morning, Chase Bank, Harbor Freight Tools, plus regional retailers Avalon Carpet, Jason’s Furniture, Stew Leonard’s Wines OLD BRIDGE, N.J. (10/29/07)—R.J. Brunelli & Co., Inc. today announced the recent completion of a series of leases and land sales that will bring ‘big-box’ retail, financial services and personal services tenants

OLD BRIDGE, N.J. (8/14/07)—Retail leasing specialists R.J. Brunelli & Co., Inc. today announced four new tenant representation assignments for the New Jersey market, including two chains seeking their first locations in the Garden State. The Old Bridge-based firm was recently appointed exclusive broker for the area franchisee for Sonic Drive-Ins in Mercer County; the area