Gary Krauss of Pierson Commercial, with Matt Catania, Jersey Mike’s Operator of the Clifton Store coming soon. The store is projected to open Q2 2020. — Courtesy: Pierson Commercial
By Joshua Burd
A pair of New Jersey-based restaurant chains are expanding their fast-growing footprints in the state, under a series of newly announced transactions by Pierson Commercial.
Gary Krauss, a broker with the Marlboro-based firm, represented both Jersey Mike’s Subs and Bubbakoo’s Burritos in a combined four leases in northern New Jersey. The new locations for Jersey Mike’s, both of which are slated to open in the second quarter of 2020, include:
- 1,252 square feet in The Promenade Shops in Clifton, with Curtis Nassau of Ripco representing the landlord The Briad Group
- 1,440 square feet in the Streets of Chester shopping center in Chester, with David Greenman of Silbert Realty and Management Co. representing the landlord, CCP Streets of Chester
Krauss noted that the Clifton space became available only after another tenant in The Promenade Shops opted to downsize. That provided a rare opportunity for Jersey Mike’s in a submarket that it has long targeted amid its rapid growth in recent years.
“Because the brand is doing so well, we were very happy that Jersey Mike’s won out,” he said. “Route 3 and Clifton is over 100,000 vehicles per day. It’s a tremendous traffic count.
“We’ve been looking in that corridor for years.”
The new Bubbakoo’s locations, which are slated to open in early 2020, include:
- 1,800 square feet in the newly constructed Market Plaza shopping center in Saddle Brook, with David Townes and Alana Friedman of Cushman & Wakefield representing the landlord, Malas Realty Saddle Brook LLC
- 1,587 square feet in the new North Village at Sparta shopping center, with Matt Grundy and Ryan Brady of Ripco representing the landlord
Beyond the two restaurant operators, Krauss also represented C2 Education in leasing space at three new locations:
- 1,835 square feet in the DePiero Farms shopping center in Montvale, with Brian Silbert of Silbert Realty and Management Co. representing the landlord, Montvale Development Associates LLC
- 2,110 square feet in the Franklin Crossing shopping center in Franklin Lakes, with Craig Kerbekian of Hekemian & Co. representing the landlord, First Real Estate Investment Trust of New Jersey
- 2,000 square feet in the Millburn Shopping Center in Short Hills, NJ, with David Townes of Cushman & Wakefield representing the landlord, MSS Millburn Realty Co.
The Montvale and Franklin Lakes locations were slated to open this month, Pierson said, while the Millburn location is set to open in December.