Winick Realty Group Brings Jersey Mike’s to Four New NJ Markets
Winick Realty Group announced that Gary Krauss, the exclusive broker for Jersey Mike’s in New Jersey, has negotiated five new leases on behalf of the popular sandwich chain, bringing the brand to four new markets in its home state of New Jersey.
Jersey Mike’s leased 1,600 square feet at 346 Route 10, East Hanover, NJ, where they join such national co-tenants as Verizon and Party City. “The Route 10 corridor is going through a huge transformation, and this is one of the most exciting pieces of real estate in the market,” said Krauss. A former Daffy’s menswear store, it sits on a signalized intersection, with Chipotle Mexican Grillin the center across River Road, driving plenty of traffic to the store. Landlord JEMB Realty was represented by Bill Lenaz of RJ Brunelli.
The company’s first West Orange location is set to open at 235 Prospect Avenue in the Whole Foods Center. The 1,750-square-foot store shares its space with Chipotle Mexican Grill, for which Winick Realty Group had also negotiated the lease. “Chipotle took over a former fast food operator’s space; however, the space was larger than Chipotle needed, so since we represented both Chipotle and Jersey Mike’s, we were able to leverage our relationship with the landlord and integrate both concepts into the vacant space,” said Krauss. Vanguard and Levin Management, who co-own the property, were represented in-house.
Jersey Mike’s leased 1,200 square feet at the Pheasant Valley Shopping Center in Warren, NJ. Located at 177 Washington Valley Road, the storefront sits in an A&P-anchored shopping center alongside co-tenants including Walgreens, Moe’s Southwestern Grill and Dunkin Donuts. Landlord Hampshire Properties was represented by Ray Ayers in a direct deal.
Finally, the brand is opening two new locations in Wayne, NJ. In the West Belt Plaza Shopping Center, Jersey Mike’s leased 1,350 square feet at 57 Route 23, marking the first northern New Jersey location for the franchise operators, who own six Jersey Mike’s locations in Southern New Jersey. The brand joins Home Goods, Pet Smart, Fidelity Investments and a soon-to-open Starbucks that is expected to bring a lot of traffic to the shopping center. Landlord Segal and Segal was represented by Neal Richards of Vanguard. The same operators are also opening a store within the Wedgewood Plaza Shopping Center, located on the busy Hamburg Turnpike. Krauss negotiated a lease for 1,700 square feet at 155 Hamburg Turnpike. Landlord Wedgewood Properties LLC was represented by Mills Retail Real Estate.
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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.