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Deals & Dealmakers

Winick signs five New Jersey spots for popular sub shop

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. Landlord JEMB Realty was represented by Bill Lenaz of RJ Brunelli.

Matt Catania (left), the operator of eight Jersey Mike’s locations, including the two new Wayne locations, and Winick Realty Group NJ’s Gary Krauss (right) at the build-out in progress at 1055 Hamburg Turnpike in Wayne, NJ.
Matt Catania (left), the operator of eight Jersey Mike’s locations, including the two new Wayne locations, and Winick Realty Group NJ’s Gary Krauss (right) at the build-out in progress at 1055 Hamburg Turnpike in Wayne, NJ.

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. 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. 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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