Vanick Properties Incorporated

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January 1, 2012—Scranton, PA

VANICK PROPERTIES INCORPORATED welcomes WAKEFERN’s expanded PRICE RITE store in the Luzerne Street Plaza in Scranton, PA. PRICE RITE, a long time tenant at the property has taken over all the remaining space in the center directly adjacent to its existing store and expanding and additional 12,000 square feet along with a remodel. This makes the property fully occupied and updates the store to WAKERFERN’s new standard. A true win for all involved.

 

December 30, 2011—Waldwick, NJ

VANICK PROPERTIES INCORPORATED completed the purchase of the HAMILTON SQUARE SHOPPING CENTER in Waldwick, NJ. The acquiring group, which includes principals from MAS MANAGEMENT, ORBIS CAPITAL and VANICK, got the purchase in on the last business day of the year, probing that some people were working during the holidays. The property currently serves as home for VALLEY HEALTHCARE, a unit of VALLEY HOSPITAL, HALLMARK, a bagel store, nail salon, dry cleaners, two restaurants, a ladies gym and a beauty salon. It is located on the highly traveled Franklin Turnpike in Waldwick, NJ.

 

December 6, 2011—Paramus, NJ

VANICK PROPERTIES INCORPORATED perfected a lease with LET’S YO! in the Gap SuperCenter on Route 17 South in Paramus, NJ. The 2,500 square foot location will feature self serve frozen yogurt with all the "fixin’s" and is sure to be a huge traffic generator. VANICK affiliate NAVA REALTY, LLC negotiated the lease through its agent Raffi J. Aynilian cooperating with the franchisees broker. Plans are to open by April 2012.

 

November 3, 2011—New York City

VANICK PROPERTIES INCORPORATED completed the purchase of 27 Prince Street with a group which included existing owners the Sorrentino Family, ORBIS CAPITAL, the Zahabian Family and the Aynilian Family. The niche property in trendy SOHO is ripe for retail repositioning and apartment upgrades. The building has a long history with the Sorrentino Family and VANICK’s goal is to enhance that history and help the property reach its true potential.

 

October 27, 2011—Lumberton, NJ

VANICK PROPERTIES INCORPORATED perfected the lease of 29,904 square feet of the anchor space at the Evergreen Plaza Shopping Center formerly occupied by GREGORY’S FURNITURE to industry veteran JARON’S FURNITURE. VANICK affiliate NAVA REALTY, LLC represented the property and negotiated the lease with the Jaron Family directly. A February 2012 opening is planned.

 

January 15, 2011—Bethlehem, PA

VANICK PROPERTIES INCORPORATED completed the re-tenanting of the property 2142 Stefko Boulevard in Bethlehem, PA  with the signing of a lease with LET’s TALK TURKEY. The turkey and turkey-based food store joins the existing nail salon bringing the property to full occupancy and bring most any conceivable turkey-based food to Eastern Pennsylvania. NAVA REALTY, LLC, a VANICK affiliate negotiated the lease with our new turkey enthusiast tenant. Plans are to be open well in time for Thanksgiving.

 

June 13, 2011—Pittston, PA

VANICK PROPERTIES INCORPORATED perfected a lease with Cartridge for approximately 2,000 square feet at its Pittston Plaza in Pittston, PA . NAVA REALTY, LLC, a VANICK affiliate represented ownership. Raffi J. Aynilian, Agent for NAVA , perfected the lease causing the property on the Pittston, Route 11/15 corridor to reach 100% occupancy.

 

May 3, 2011—New York City

VANICK PROPERTIES INCORPORATED completed the sale of 408-410 Broadway in New York City on May 3, 2011. The newly renovated 74,000+ square foot TriBeCa loft building already housing SPIN MEDIA, TRIBECA RADIATION ONCOLOGY and OMG was Sold to a group which included the Laboz Family of UNITED AMERICAN LAND and Leon Lee of LONG ISLAND BUSINESS INSTITUTE in joint venture. The selling group was a joint venture between Vanick's APOLLO ROOMS ASSOCIATES, LLC and HKARTEN REALTY, LLC. It is contemplated that remaining vacant floors will serve as a new flagship location for Mr. Lee’s business schools.

 

November 10, 2010—New York City

VANICK PROPERTIES INCORPORATED completed the sale of 404 and 406 Broadway to an entity owned by the Kedmi family. The property at 406 Broadway already hosed the Kedmi family’s newest store TRANSIT and the property at 404 Broadway was a home for NECESSARY CLOTHING. The two properties provide the Kedmi family not only a home for their latest store but a new headquarters on the upper floors of the buildings.

 

September 5, 2010—New York City

VANICK PROPERTIES INCORPORATED completed the sale of a majority stake in 400 Broadway to an entity owned by longtime friends and business partners, the Zahabian Family. VANICK will continue to manage and operation the property which serves as headquarters for APICHA. This is the latest collaboration between VANICK principals, the Aynilian family and the Zahabian family.

 

August 31, 2010—Lumberton, NJ

VANICK PROPERTIES INCORPORATED perfected the lease of 15,350 square feet of space at the Evergreen Plaza Shopping Center to GREAT VALUE THRIFT STORE JARON’S. The store will feature al sorts of used clothing and home goods. Markheim Chalmers represented Great Value Thrift in the negotiations and VANICK affiliate NAVA REALTY, LLC represented the property. A January 2011 opening is planned.

 

June 14, 2010—Pittston, PA

VANICK PROPERTIES INCORPORATED perfected a lease with Bayada Nurses for approximately 4,000 square feet at its Pittston Plaza in Pittston, PA . NAVA REALTY, LLC, a VANICK affiliate negotiated the lease.

 

June 3, 2010—Union City, NJ

VANICK PROPERTIES INCORPORATED acquired the property at 302 24th Street in Union City. The beautiful professional and apartment building as at total of 4 apartments above grade and is located directly in front of the newly renovated park on Palisade Avenue at 24th Street.

 

March 16, 2010—Bayonne, NJ

VANICK PROPERTIES INCORPORATED acquired, through its VANICK-KENNEDY joint venture (with HUDSON CONSULTING) the properties at the corner of Kennedy Boulevard and Juliette Avenue in Bayonne and has obtained full entitlements to build 48 residential units. Plans are to land-bank the properties.

 

January 5, 2010—Paramus, NJ

VANICK PROPERTIES INCORPORATED perfected a lease with MangHiamo’s Pizza in the Gap SuperCenter on Route 17 South in Paramus, NJ. The 2,500 square foot location will feature the usual pizza, calzones and the like but will also have a full Italian menu, American menue, burgers, sandwiches and just about anything else conceivable, making it more like a diner than a  pizzeria. VANICK affiliate NAVA REALTY, LLC negotiated the lease directly. Plans are to open by April 2010.

 

September 30, 2009—Union City, NJ

VANICK PROPERTIES INCORPORATED acquired, through its Sunset Park Associates the properties at 3411 Park Avenue which operates a Laundromat. VANICK’s newly formed subsidiary Wash ‘N’ Roll Laundry, LLC will operated the property and renovate to an expanded full scale state of the art Laundromat. Plans are to expand the business into multiple locations over time.
 

         
 
     
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Vanick Properties Incorporated

477 Colonial Road

Ridgewood, NJ 07450

(201) 213-9070

info@vanickproperties.com

 

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With more than 30 years of commercial real estate experience, Vanick Properties Incorporated has accumulated a vast portfolio of retail, office, residential, and industrial space throughout the tri-state area.

 

 
     

 

 

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