COMPLETED TRANSACTION


THE GOLDSTEIN GROUP
COMPLETES LEASE TRANSACTION
WITH ALDI SUPERMARKET
IN ROCKAWAY, NEW JERSEY
Aldi To Join Walgreens And Commerce Bank

GLEN ROCK, NJ, JANUARY 9, 2008 — Chuck Lanyard, president of The Goldstein Group, New Jersey’s leading full-service retail brokerage firm, announced the completion of an Aldi Supermarket lease transaction in Rockaway, New Jersey.

 

The Goldstein Group, serving as exclusive leasing broker for the property, represented Rockaway Commons LLC owners of Rockaway Commons at Route 46 & Franklin Avenue, Rockaway, New Jersey in leasing a 17,000 square foot space to Aldi Supermarkets, one of the largest supermarket chains in the world. A long-term lease in excess of $10 million dollars was executed. The team of Florian Suserman, Curtis Nassau and Lanyard handled the transaction for the owner and are currently marketing the remaining 51,000 square feet of space. Rick Weinberg of Fameco Real Estate represented the tenant in this transaction.

 

“We’re pleased to announce that Aldi will co anchor this new shopping center with Walgreens and Commerce Bank which have already opened for business”, commented Lanyard. “The building is currently under construction and Aldi plans to open in the spring of 2008.”

 

Aldi Supermarkets, founded in Europe during the mid-1940’s, has over 7,200 locations throughout 15 countries. The company entered the United States market in 1976 and now has over 850 stores in 26 states. In 2007 Supermarket News ranked Aldi 24th in the United States among grocery chains, in terms of gross sales.

 
 
ABOUT THE GOLDSTEIN GROUP

The Goldstein Group, New Jersey’s leading full service retail real estate brokerage firm is celebrating its 20th anniversary. The Company provides a wide range of services including landlord and tenant representation focused on leasing, sales, development, property management and financial services. The Goldstein Group currently represents over 8 million square feet of retail properties and over 50 national and regional retailers. Through its partnership with Retail Brokers Network, the Company provides extended market coverage throughout the United States. Founded in 1986, the firm is headquartered in Glen Rock, New Jersey.

 

For more information, please contact

Chuck Lanyard at 201.703.9700, extension 15