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Moonachie, NJ (September 2021) - Moonachie based Weiss Realty affiliate 2215 Route 4 Associates LLC announced it has sold a notable Bergen County retail asset that includes a Starbucks Coffee Drive-thru and a Bank of America ATM kiosk located on Route 4 East in Fort Lee, NJ to the JDA Group.
The 20,000 sf property, located at one of the busiest commuter highways in the country leading to the GW Bridge was a former Shell gas station and purchased by the Weiss affiliate in 2008. The ground-up build to suit project for Starbucks Coffee Company and the Bank of America ATM was completed in 2010 and earned Jaime Weiss the Fort Lee Chamber of Commerce “Beautification Award” for most ingenious and beautiful newly constructed complex. Jaime Weiss was also named Fort Lee “Person of the Year” for the development which was designed by Bilow Garrett Architects and the late David Beesley of MacDel Engineering. JDA Group, the Hoboken-based, full-service real estate development company acquired the property for $5.55 million.
“This deal is an exciting step for our company” said JDA Group’s CEO Greg Dell’Aquila. “In addition to giving us a great opportunity to acquire our first stand-alone retail property in Northern New Jersey, it adds two national, credit-rated tenants to our expanding portfolio - a move aligned with our vision for future growth.”
Timothy Connell, V.P. of JDA Group noted that the property’s drive-thru retail focus was a key consideration. “Over the past 18 months as the retail section has been put to the test, this pandemic-proof design has afforded tenants the ability to operate successfully and safely under the most challenging of environments.” Jaime Weiss agreed “the upside in these assets drove very strong interest from the buyer. Drive-thru demand is stronger than it was pre-Covid making it well-positioned to benefit long-term from consumer preference.”
JLL’s J.B. Bruno, Director of Capital Markets based in Morristown orchestrated the off-market transaction for the buyer.
Recognized for its expertise and total client commitment, Weiss Realty provides comprehensive industrial, retail, leasing, sales and investment services to both owners and tenants. Weiss Realty’s current portfolio comprises almost two million square feet of space. For more information please call Jaime or Matthew Weiss at (201) 814-1800 or visit www.jweissrealty.com
New renderings from Bilow Garrett Group Architects and Planners reveal a new six-story residential development near the waterfront edge of Fort Lee, New Jersey. The construction site is located at 2130 Center Avenue, immediately adjacent to I-95 thoroughfare leading up to the George Washington Bridge.
Jaime Weiss, managing member of Colonial Village Associates,
LLC and president of Weiss Realty, the center’s leasing and managing agency, announced that Frappe Joe’s Coffee has signed a longterm lease for 1,200 s/f at Colonial Village Shopping Center located at Rte. 27 and Parsonage Rd. in Edison.
Weiss Realty, a leading New Jersey based full-service commercial real estate and investment firm today announced today the successful completion of a major sales transaction with the purchase of 1800-1836 West Lake Avenue, Neptune, NJ for $8,600.000. The three story, 48,492 SF office building is located at the intersection of Route 35 and West Lake Avenue.
“Colonial Village is the premier location for small medical and professional offices,” commented Jaime Weiss, managing member of Colonial Village Associates, LLC and president of Moonachie-based Weiss Realty, the leasing and management agent for Colonial Village. “Not only is Colonial Village easily accessible from major highways and roads, but it offers office and medical tenants conveniences they won’t find anywhere else. They can buy lunch, do errands during their breaks, get a haircut, get their nails done, buy a cup of coffee - all in Colonial Village. And JFK Medical Center is located nearby on Grove Street in Edison.”
"Since 1970, the Greater Fort Lee Chamber of Commerce has annually singled out individuals for recognition who have made a significant contribution to the Chamber and the Fort Lee Community," commented Fort Lee Chamber of Commerce president, Gloria Oh. "Jaime Weiss, this year's 41st annual honoree, is an accomplished business and community leader who has gone above and beyond in service to Fort Lee and the surrounding areas."
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