By Joshua Burd
R.J. Brunelli & Co. LLC, has been named the exclusive broker to help serve an Asian grocery retailer’s expansion plans in New Jersey, New York and Pennsylvania, the firm said.
The retail leasing specialist said its client, Asian Food Markets, is seeking 10,000- to 30,000-square-foot buildings in the region, with a particular focus on northern New Jersey, Brooklyn and Queens. Pete Nicholson, a senior sales associate with Brunelli, handles the assignment after representing the chain for the past 15 years with a previous brokerage.
He said Asian Food Markets is seeking sites on a minimum of two to five acres. Additional requirements include a minimum of five parking spaces per 1,000 square feet, typical grocery utility services and receiving facilities, plus a minimum 25 percent Asian population in the store’s trade area.
Nicholson noted, however, that “sites offering more limited parking will be considered in Brooklyn and Queens.”
The retailer, which sells Asian groceries from China, Taiwan, the Philippines, Japan, Korea, India and other Southeast Asian countries, currently has six locations in New Jersey and one in Staten Island.
R.J. Brunelli, an Old Bridge-based firm, also said Wednesday that it has extended its representation agreement with 7-Eleven from five New Jersey counties to include Philadelphia, Bucks County and Montgomery County in Pennsylvania.
