Retail leasing specialists R.J. Brunelli & Co., LLC, announced that it has been selected by Asian Food Markets as its exclusive broker for store sites in New York, New Jersey and Pennsylvania, with a particular focus on Brooklyn, Queens and northern New Jersey.
Asian Food Markets, a retailer of Asian groceries from China, Taiwan, the Philippines, Japan, Korea, India, and other Southeastern Asian countries, is seeking 10,000-to 30,000-square-foot buildings on a minimum of two to five acres of land, according to R.J. Brunelli Senior Sales Associate Pete Nicholson, who has represented the chain for the past 15 years while at a previous brokerage.
Additional requirements include a minimum of five parking spaces per 1,000 square feet, typical grocery utility services and receiving facilities, and a minimum 25% Asian population in the store’s trade area. “However, sites offering more limited parking will be considered in Brooklyn and Queens,” Mr. Nicholson said. Asian Food Markets currently has six locations in New Jersey and one in Staten Island, N.Y.
In addition, R.J. Brunelli announced that 7-Eleven has extended its representation agreement with the firm from five New Jersey counties to include to include Philadelphia, Bucks and Montgomery Counties in Pennsylvania. The chain is seeking 2,800- to 3,000-square-foot freestanding or end cap units with a 25-foot minimum width, notes R.J. Brunelli Senior Sales Associate Patti Fiore AmecAngelo, who serves as the firm’s account manager for 7-Eleven. Freestanding suburban locations must have a 12,000-square-foot minimum lot size with room for at least 10 parking spaces in front of the store. Suburban sites must be situated along roads with a minimum daily traffic count of 15,000 vehicles. Signalized intersections are preferred, along with the ability to operate a 24-hour convenience store.
Walk-up locations in busy, downtown urban markets with high pedestrian counts and nearby mass transit will also be considered.Related Articles: