Winick Realty Group’s Gary Krauss signs Jersey Mike’s leases in five new markets
Winick Realty Group announced that Gary Krauss, the broker for Jersey Mike’s in New Jersey, has negotiated five new leases on behalf of the popular sandwich chain. In each of the lease transactions, Jersey Mike’s will be entering the market for the first time.The restaurant leased 1,800 s/f at 1350 Galloping Hill Rd., part of the Galloping Hill Shopping Center in Union. The center faces a six-way intersection, sits a half-mile from the Garden State Parkway and abuts Merck & Company’s headquarters, all factors that bring a large daytime population to the market. This is the second location for Jersey Mike’s operator Phil Nisbet, who also runs the brand’s Warren, NJ location. Landlord Alshak Realty was represented by Marcia Minton of Levin Management.Jersey Mike’s entered the West Caldwell Market with a 1,427 s/f lease at 757 Bloomfield Ave., where Jersey Mike’s is replacing a Just Salad location. This is the ninth location for Jersey Mike’s operators Matt Catania and John Helm. Landlord MSM Center Associates was represented by Glenn Evans of Team Resources, Inc.In Hillsborough, Jersey Mike’s signed a lease to join a new development being added onto the Walgreens-anchored Shoppes at Raider Blvd. The 1,600 s/f storefront sits at the signalized intersection of Route 206 and Raider Blvd. This is the first location for Jersey Mike’s operators Jesse Allen and Amanda Taibe. Landlord Hillsborough Lawn & Garden Equipment, Inc. was represented in-house by Sean Leonard, principal.Replacing an existing Subway restaurant, Jersey Mike’s leased 1,300 s/f for a corporate store at 2100 Route 35 in Ocean Township. Less than three miles from New Jersey beaches, this location is at the busy signalized intersection of Route 35 and West Park Ave., where it will service residents of the affluent shore towns of Elberon, Deal and West Long Branch. Jersey Mike’s joins a popular Starbucks location, as well as Supercuts, at the center. Rite Aid Pharmacy and BJ’s Wholesale Club are also located nearby. Landlord DAG Properties, LLC was represented by Sal Dellomo of Summit Realty Services.Finally, the restaurant chain leased 1,200 s/f for a corporate store at 1260 Springfield Ave., part of The Village Shopping Center in New Providence. This A&P-anchored shopping center is home to Smashburger, Starbucks and an authentic Chinese Dim Sum restaurant. The center also includes a Chipotle Mexican Grill whose lease was negotiated by Winick Realty Group NJ senior vice president and founding partner Daniel Spector. “This space was skirting the smaller side of Jersey Mike’s prototype, but since we knew Chipotle was going in, I recommended to Jersey Mike’s that they find a way to fit into space directly adjacent,” said Krauss, who also negotiated the lease for Pure Barre, a few doors down in the same center. “Their architect did an amazing job. It’s a home-run lineup: Starbucks, Chipotle, and then Jersey Mike’s. Sales have been excellent.” Landlord Urstadt Biddle Properties was represented by CJ Huter of The Goldstein Group.
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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.