EAST BRUNSWICK, N.J., April 23, 2012 /PRNewswire/ -- With the recent completion of deals for Chipotle Mexican Grill and Sarku Japan restaurants by R.J. Brunelli & Co., Inc., over 96% of existing space is now leased at Summerhill Square, the new outdoor retail center on Route 18 in East Brunswick.
R.J. Brunelli and Welco Realty, Inc. are exclusive co-brokers for the Pagano Realty development, which currently houses 126,000 square feet of in-line and pad space. A 4,500-square-foot end-cap is the only remaining space in the existing structures, according to William Lenaz, senior vice president at Old Bridge, N.J.-based R.J. Brunelli. An additional 31,000 square feet is available for development on a vacant parcel adjoining the center's Toys 'R' Us/Babies 'R' Us superstore.
The 2,000-square-foot Chipotle Mexican Grill and 1,750-square-foot Sarku Japan will join a 1,250-square-foot Cups Frozen Yogurt in a freestanding pad building fronting on Route 18. According to Lenaz, Chipotle is expected to open within the next 30 days, with the two other tenants following by early summer.
In addition to the 65,000-square-foot Toys 'R' Us/Babies 'R' Us, other tenants already operating include Ulta Cosmetics, Annie Sez, David's Bridal, Pier 1 Imports, Five Below, Torrid and Muscle Maker Grill.
Bounded by Route 18, Summerhill Road and Arthur Street, Summerhill Square serves a primary market within a three-mile radius of 84,300 residents in 30,300 households, with average household income exceeding $95,000. Within a 10-mile radius, there are 750,500 residents in 266,000 households, with average household income exceeding $92,000.
For leasing information, contact William Lenaz, [email protected], (732) 721-5800.
About R.J. Brunelli & Co.
R.J. Brunelli & Co. serves as exclusive leasing representative for 17 existing retail properties, three centers under construction and two in the approvals stage with a combined gross leasable area (GLA) of approximately 1.5 million square feet, along with five properties for sale or lease with approximately 40,000 square feet of GLA. The properties are located throughout New Jersey. The firm also serves as exclusive or preferred real estate representative in various New Jersey, New York and Pennsylvania counties for more than 20 retail, restaurant and service chains, including such major companies as Red Robin, Dollar Tree, Ulta, Bonefish Grill and Work Out World.
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SOURCE R.J. Brunelli & Co.