Winick Realty Group leases two Jersey Mike’s locations
Jersey Mike’s, a leader in the QSR sandwich category with more than 1,300 locations open and under development across the country, signed leases for two locations in Bergen County. Winick Realty Group NJ’s Gary Krauss acted as the brand’s broker in both transactions as Jersey Mike’s continues its aggressive expansion within its home state.
The popular sandwich shop leased 1,736 s/f at 557 North Franklin Turnpike in Ramsey, NJ. The site, which formerly housed a TCBY, is expected to be open by early September. “We managed to find an off-market deal in the best shopping center in the marketplace, allowing Jersey Mike’s to join such co-tenants as Starbucks, Chase Bank and Walgreens,” said Krauss, who added that the shopping center sees a lot of traffic from Don Bosco Preparatory High School, which is located across the street.
Jersey Mike’s also secured a location in Northvale, NJ, leasing 1,750 s/f at 246 Livingston St. “Jersey Mike’s has been looking to move into Northern New Jersey for quite some time,” said Krauss. “Many Northern New Jersey residents also spend time at the Jersey Shore, so there is already built-in name recognition that Jersey Mike’s can tap into.” The store sits in a newly-constructed shopping center anchored by Shop Rite and since it opened in late June, this location is already one of the top performing sites in the chain, according to Krauss.
Gregg Slater of Equity Associates represented landlord Northvale Shopping Center Associates LLC in the Northvale Lease. In Ramsey, landlord Landmark Real Estate was represented in-house.
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Winick Realty Group is one of New York’s prominent real estate firms specializing in retail leasing and advisory services. Over the years, Winick Realty has served a broad range of domestic and global clients, with a strong emphasis on long-term representation and expansion and growth strategies. Winick Realty Group is highly recognized as a forerunner in the retail real estate market.