Marlboro-based Pierson Commercial said May 26 that Gary Krauss completed 12 new commercial retail transactions throughout Central and Northern New Jersey during the first quarter of 2021.
“As we’ve navigated through the COVID-19 economy, our team has made great efforts to stay on top of the evolving retail landscape and help our clients find opportunities to continue to grow their businesses throughout Central and Northern New Jersey,” stated Jason Pierson, president of Pierson Commercial. “Gary’s clients include quick-serve restaurants and daycare/preschool categories that are in high demand since we entered into the new year.”
As a result of this heightened demand, Krauss finalized the following transactions during the first quarter:
Apple Montessori Schools
Warren – Apple Montessori Schools opened an 11,856-square-foot facility on March 1, 2021, located on Mt. Bethel Road in Warren. The landlord, 117 Mt. Bethel Associates, was represented in-house.
Hazlet – This 1,700-square-foot location is projected to open in Q1 2022 at the Hazlet Town Center. The landlord, Onyx Equities, was represented by Gregg Medvin of Pierson Commercial.
Park Ridge – Slated to open this summer, the lease involves 1,721 square feet at the Ridgemont Shopping Center. The landlord, Park Ridge Hye Partners LLP, was represented by Bill Farkas of Jeffery Realty.
Midland Park – Fall 2021 will see the opening of a 1,700-square-foot location at the Midland Park Shopping Center. The landlord, UB Midland Park I LLC, was represented by Curtis Nassau and Matt Grundy of Ripco Real Estate.
Poughkeepsie, N.Y. – Situated in the Neptune Shopping Center, this 2,400-square-foot location is poised to open this summer. The landlord, Vieira Sardinha Realty LLC, was represented by Tom Cervone of CR Properties Group LLC.
New City, N.Y. – The New City Shopping Mall location will feature 1,500-square-foot space with a Q3-Q4 opening in 2021. The landlord, Newton Associates LLC , was represented by Scott Milich of The Goldstein Group.
Eatontown – Centrally situated on Route 35 and Wyckoff Road, this 1,500-square-foot location is being targeted for a Q1 2022 opening. The landlord, Eatontown Wyckoff LLC, was represented by Rich Schulz of Schulco Real Estate, LLC.
Freehold – Slated to open in the second half of 2021, this 1,550-square-foot location is part of Colonial Plaza in Freehold. The landlord, D & L Realty Associates LLC, represented themselves in the deal.
Hillsborough – Comprised of 1,400-square-foot this location will begin operations in the second half of 2021 in the Hillsborough Village Center. The landlord, Hillsborough Village Center, LLC, was represented by Shane Wierks of Jeffery Realty.
Jersey Mike’s Subs
Wanaque – Centrally located in Passaic County at 1355 Ringwood Ave., this 1,502-square-foot location has a projected fall 2021 opening. The landlord was Wanaque LaSala LLC.
Stony Point, N.Y. – This 1,509-square-foot Holt Drive location has a targeted opening in the second half of 2021. The landlord was Crossroads-Holt Drive Associates LLC.
Edison – Opened in February, this 1,120-square-foot of retail space is located in the Edison Woods Shopping Center. The landlord, Edison Woods Commercial Associates, was represented by Krauss of Pierson Commercial.