Development

We are proud to announce that Bennett Realty & Development is now representing the Sale of a former Red Lobster in Lawrenceville, NJ

PROPERTY FACTS
Building Size:  7,768/sf
LOT Size:  2.25 Acres
Property Taxes:  $65.297.00
Parking:  135 Parking Spaces.
Sales Price:  TBD
Zoning:  HC-1 Most all highway commercial uses are permitted.
Liquor License:  Available Asking $700,000.00
Rent:  CALL FOR QUOTE

 

SEEKING
Restaurants, Medical, Veterinary, Automotive Sales, Retail.

 

 

FOR MORE INFORMATION PLEASE CONTACT:
Bill Lenaz, Retail Leasing Specialist : wlenaz@bennettrealtyllc.com

 

About BR&D

Bennett Realty & Development is a vertically integrated commercial real estate Advisory and Development Firm. With over 100+ years of combined experience and in excess of $2 billion in valued transactions the firm’s Advisory Services include; Investment Sales, Retail Landlord Leasing, Tenant Representation, Commercial Sales, and Multifamily sales. Its Development platform focuses on Commercial/Hospitality and Multifamily projects with a focus in New Jersey.

We are proud to announce that Bennett Realty & Development is now representing the Sale of a Wawa in Williamsport, PA.

Brand-New NNN 20 Year Ground Lease – 2024 Construction
•   Wawa is subject to an absolute net ground lease with 10% increases every 5 years and in options

Penn College Of Technology
•   Subject property located across from the entrance to Penn College of Tech
•   Over 4,000 students enrolled.

Mature Growing Market
•   15,000 people in a 1 mile radius growing at 2.7% per year
•   85,000 people in a 10 mile radius with an annual consumer spending of $946 million.

Strategic PA Location & Infill Market

Wawa gas and convenience stores perform best in community settings. “Our stores are always open, bright, clean, warm and welcoming. They are considered the trusted “town square” playing a meaningful role in our communities.”

This location – the only Wawa in Lycoming County and all of North Central PA – will connect loyal Wawa customers from South Central PA to the brand they know and trust. Located strategically at the gateway of North Williamsport across the Susquehanna from the southern part of the city, and across from Penn College of Technology.

Chick-Fil-A is also currently under development directly adjacent to Wawa. Both users will generate considerable traffic from not only the Williamsport community, but also the surrounding towns of Lycoming County. Williamsport serves as the regional trade hub for shopping, entertainment as well as work.

Strategic PA Location & Infill Market
•   Only Wawa in over 90 Miles
•   Penn College of Technology and Chick Fil A directly adjacent
•   Located directly off of I-180 (46,000 VPD)
•   Growing population and blue collar workforce
•   I-75 Access and other major logistics warehouses

 

FOR MORE INFORMATION PLEASE CONTACT:
Steve Garthwaite, Vice President
215.390.4549 | Steve@bennettrealtyllc.com

 

About BR&D

Bennett Realty & Development is a vertically integrated commercial real estate Advisory and Development Firm. With over 100+ years of combined experience and in excess of $2 billion in valued transactions the firm’s Advisory Services include; Investment Sales, Retail Landlord Leasing, Tenant Representation, Commercial Sales, and Multifamily sales. Its Development platform focuses on Commercial/Hospitality and Multifamily projects with a focus in New Jersey.

We are proud to announce that Bennett Realty & Development is now representing Flynn Restaurant Group in Central & Northern New Jersey.  We are are actively seeking locations that meet the requirements outlined here.

ABOUT FLYNN RESTAURANT GROUP:

• Flynn Group is the largest franchisee operator in the U.S.
• Largest Wendy’s Franchisee in N.J.
• 88 Existing Wendy’s Locations
• 3rd Largest Wendy’s Franchisee in the U.S.

Site Criteria:

• 20K VPD Roadway
• Residential Pop: 20k/Daytime Pop: 9k (2 miles)
• Strong access with convenient ingress/egress
• Drive Thru with 10+ car stack

Location Type:

• Free Standing
• End Cap
• Downtown Locations

Deal Type:

• Ground Lease or BTS

Territory:

• Central/Norther New Jersey (North of Ocean County)

Please submit any and all sites to either Bill Lenaz or Tyler Bennet by email at:

Bill Lenaz: wlenaz@bennettrealtyllc.com  |  Tyler Bennett: tyler@bennettrealtyllc.com

 

About BR&D

Bennett Realty & Development is a vertically integrated commercial real estate Advisory and Development Firm. With over 100+ years of combined experience and in excess of $2 billion in valued transactions the firm’s Advisory Services include; Investment Sales, Retail Landlord Leasing, Tenant Representation, Commercial Sales, and Multifamily sales. Its Development platform focuses on Commercial/Hospitality and Multifamily projects with a focus in New Jersey.

We are proud to announce that Bennett Realty & Development is now representing  the net lease of  an Industrial Building in Brooksville, FL.

Spartronics, Brooksville FL offers easy access from I-75 and US 98. It is quickly becoming a regional logistics hub. Just under 30-minute commute from Spring Hill, FL which is part of the Tampa MSA, and 1 hour west of Orlando, Brookville is poised to see substantial growth in housing and industry over the next 10 years.

Brooksville has the advantage of a large workforce housing base and lower average cost of living than coastal areas. There are over 6,500 single family homes under development within 3 miles of property. 5,200 new homes within a 1 mile radius

Less than half a mile from the subject property, Walmart has a 1.5 million sq ft distribution warehouse. There is over 3 million sq ft of new class a logistics warehouse space under development within 1 miles of the subject property.

For additional information please reach out to Steve Garthwaite at steve@bennettrealtyllc.com

About BR&D

Bennett Realty & Development is a vertically integrated commercial real estate Advisory and Development Firm. With over 100+ years of combined experience and in excess of $2 billion in valued transactions the firm’s Advisory Services include; Investment Sales, Retail Landlord Leasing, Tenant Representation, Commercial Sales, and Multifamily sales. Its Development platform focuses on Commercial/Hospitality and Multifamily projects with a focus in New Jersey.

We are proud to announce that Bennett Realty & Development is now representing  the net lease of  an Industrial Building in Williamsport, PA.

Spartronics, Williamsport is located within a major manufacturing hub. Surrounding manufacturers include Shop-Vac Corporation, Prysmian North America, Fedex, Frito-Lay West Pharmaceutical Services and Premier Tech.

The Williamsport market comprises of over 19 million square feet of warehouse inventory. Current vacancy of only 2.8%. Average industrial leasing rates have historically trended between $5 and $7 PSF. Current market shows low vacancy at average asking rates of $11.44 PSF showing significant growth. During the last 12 months, 280k SF has been absorbed, with 190k SF in net deliveries over the past three years.

For additional information please reach out to Steve Garthwaite at steve@bennettrealtyllc.com

About BR&D

Bennett Realty & Development is a vertically integrated commercial real estate Advisory and Development Firm. With over 100+ years of combined experience and in excess of $2 billion in valued transactions the firm’s Advisory Services include; Investment Sales, Retail Landlord Leasing, Tenant Representation, Commercial Sales, and Multifamily sales. Its Development platform focuses on Commercial/Hospitality and Multifamily projects with a focus in New Jersey.

We are proud to announce that Bennett Realty & Development is now representing Grocery Outlet in Central & Northern New Jersey.  We are are actively seeking locations that meet the requirements outlined here.

SITE CRITERIA:

• Close proximity to dominant retail shopping area
• 12,000 to 22,000 square feet
• 88′ minimum frontage
• Recessed loading dock preferred

LOCATION TYPE:

-Urban, Suburban or Rural. Freestanding and inline spaces.

DEAL TYPE:

• Corporately backed leases
• Minimum 10 year base term plus 4 x 5 year options

TERRITORY:

– Central and Northern New Jersey

Please submit any and all sites to either Joel Dicker or Tyler Bennet by email at:
Joel Dicker: joel@bennettrealtyllc.com  |  Tyler Bennett: tyler@@bennettrealtyllc.com

 

About BR&D

Bennett Realty & Development is a vertically integrated commercial real estate Advisory and Development Firm. With over 100+ years of combined experience and in excess of $2 billion in valued transactions the firm’s Advisory Services include; Investment Sales, Retail Landlord Leasing, Tenant Representation, Commercial Sales, and Multifamily sales. Its Development platform focuses on Commercial/Hospitality and Multifamily projects with a focus in New Jersey.

Bennett Realty & Development (BR&D) is pleased to announce the newest member of our team, Christine Smith. Christine has joined our rapidly growing team as our Director of Operations of BR&D.

Christine studied Marketing at the Fashion Institute of Technology in New York City. She worked as Director of Marketing for Ralph Lauren for 8+ years before moving to New Jersey. She also has a passion for real estate and has over 10 years of experience working as a residential Real Estate Agent.

Christine’s day to day responsibilities include supporting the CEO and our Advisory Team in fostering a positive work culture. She provides administrative support, project coordination with internal and external partners to facilitate communication and workflow, tracks project timelines and deliverables, and assists in planning and executing special projects and initiatives.

When Christine is not in the office, she spends time with her 3 children and their giant dog. She enjoys yoga, the beach, traveling, spending time with friends & family, visiting vineyards, family bike rides, and watching her kids play sports.

 

About BR&D

Bennett Realty & Development is a vertically integrated commercial real estate Advisory and Development Firm. With over 100+ years of combined experience and in excess of $2 billion in valued transactions the firm’s Advisory Services include; Investment Sales, Retail Landlord Leasing, Tenant Representation, Commercial Sales, and Multifamily sales. Its Development platform focuses on Commercial/Hospitality and Multifamily projects with a focus in New Jersey.

Bennett Realty & Development (BR&D), a full service commercial real estate firm based in Holmdel, NJ has been retained as the Exclusive Sales Agent of Mocci Parkway Plaza in Iselin, New Jersey.  Located at the one of the busiest intersections in the region on US-1 & the Garden State Parkway, the Center is currently anchored by Marshalls and DSW with P.C. Richard & Son and HomeSense under construction and slated to open soon.  In addition, a new free-standing Starbucks will locate on a pad site directly on US-1.  Set on 8 acres, the Property has unobstructed visibility to the Garden State Parkway with over 250,000 vehicles per day.  The site is located between two of the State’s largest indoor malls; Woodbridge Center Mall and Menlo Park Mall making the location a super-regional asset that is complimented by proximity to Routes 287, 35, 9, and the NJ Turnpike.  The trade area boasts in excess of 330,000 residents within a five-mile radius with an average household income of more than $150,000.00.  In addition, the Property also has approvals for an additional 133,000 square foot self-storage development.

BR&D’s, William Lenaz and Tyler Bennett are handling the sale which is listed for an undisclosed price.

“This site is the definition of a ‘Trophy Property’.  Given its location and co-tenancy which include some of the most successful retailers in the country, this is a rare offering. We are delighted to bring this to the market and run our process for our client.” Said Bill Lenaz of BR&D.

 

About BR&D

Bennett Realty & Development is a vertically integrated commercial real estate Advisory and Development Firm. With over 100+ years of combined experience and in excess of $2 billion in valued transactions the firm’s Advisory Services include; Investment Sales, Retail Landlord Leasing, Tenant Representation, Commercial Sales, and Multifamily sales. Its Development platform focuses on Commercial/Hospitality and Multifamily projects with a focus in New Jersey.

Congratulations to our client Tommy’s Tavern + Tap on the opening of their latest restaurant in Brook 35 Shopping Center located at 2150 Route 35, Sea Girt, NJ 08750. Go check out this beautiful restaurant.

 

About BR&D

Bennett Realty & Development is a vertically integrated commercial real estate Advisory and Development Firm. With over 100+ years of combined experience and in excess of $2 billion in valued transactions the firm’s Advisory Services include; Investment Sales, Retail Landlord Leasing, Tenant Representation, Commercial Sales, and Multifamily sales. Its Development platform focuses on Commercial/Hospitality and Multifamily projects with a focus in New Jersey.

Steve Garthwaite of Bennett Realty & Development just closed on a former Pizza Hut located in Altoona, PA. Below are some quick facts on the deal..

FACTS:

• Repeat Client
• Client based in PA
• Redevelopment site
• Purchased ALL CASH
• Buyer Seeking Similar Inventory

Contact Steve Garthwaite for more details:
215.390.4549  |  steve@bennettrealtyllc.com

 

About BR&D

Bennett Realty & Development is a vertically integrated commercial real estate Advisory and Development Firm. With over 100+ years of combined experience and in excess of $2 billion in valued transactions the firm’s Advisory Services include; Investment Sales, Retail Landlord Leasing, Tenant Representation, Commercial Sales, and Multifamily sales. Its Development platform focuses on Commercial/Hospitality and Multifamily projects with a focus in New Jersey.