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GERALD H.
GENET, INC., created in 1972, has earned the
reputation of being a premier Retail, Commercial Leasing and Marketing Real
Estate Brokerage Firm. We specialize
in bringing major tracts of land to market using the dual approach of
combining creative vision with in-depth research. The firm has targeted missing merchants in
a marketplace and the hidden assets of real estate properties which has
resulted in successful developments throughout the United States.
GERALD H. GENET, INC. prides itself in meeting the
challenges of retailers, landowners, shopping center developers as well as
corporate clients (i.e., ALLIED SIGNAL, G. D. SEARLE PHARMACEUTICAL,
HONEYWELL INTERNATIONAL, INGERSOLL-RAND, etc.) and individual investors - by
assessing, analyzing and evaluating the potential of large tracts of land. We have risen to the occasion for over 39
years as a company and the principals of GERALD H. GENET, INC. and its companion
company GENET REALTY total over 87 years of experience. We are licensed in numerous states and have
effected the development of more than 7 million
square feet of retail space. At its
inception GERALD
H. GENET, INC. began by developing
expansion programs for retail operations.
For example:
- We
have effected over 200 leases for PEARLE VISION
CENTERS throughout the United States and Canada. We also participated in effecting
their logistical support system of warehouses, laboratories and regional
offices.
- We
assisted in expansion planning for discount department stores such as
BOSCOV, CALDOR, K-MART, etc. and for supermarket chains such as PATHMARK
& WEGMANS.
- We
effected approximately 11 TOY'S “R“ US stores and worked with Charles
Lazarus and his staff when TOY'S “R“ US gave our firm an assignment of
strategically locating a prototype store and thus, we effected the
opening of the first KIDS “R“ US in the United States and 7 of the first
31 located in New Jersey, Connecticut and Maryland.
- Over
the years we have worked exclusively with specialty retailers in the electronics
field as well as soft goods - apparel users (NBO, TODAY'S MAN,
etc.). GERALD H. GENET, INC.
created the expansion program for the CRAZY EDDIE electronics stores and
effected the opening of 28 CRAZY EDDIE stores and the headquarters,
warehouse and distribution center in Edison, NJ. GERALD H. GENET, INC.
was appointed by the courts to liquidate the 48 store chain located in
New York, New Jersey, Connecticut and Pennsylvania.
With our
strong background in marketing and research we turned our attention to
adapting to changes and needs in the marketplace and thus, to the seeding and
developing . . . . .in other words, the bringing to
market major retail tracts of land. In
the past 12 years our business has evolved and we will mention just some of
the projects in which we have participated and you may indeed be familiar
with some of these developments:
- We
provided the first anchor tenant of 150,000 Sq. Ft. - a BOSCOV Dept.
Store followed by a 100,000 Sq. Ft. DICK'S SPORTING GOODS for FRANKLIN
MILLS a 2.5
Million Sq. Ft. Shopping Center in Philadelphia, Pennsylvania.
- We
marketed the former Vaccarro Sod Farm in West
Windsor, NJ - Mercer County - considered the Princeton Marketplace and
effected the development of a 1.2 Million Sq. Ft and growing center on
160 Acres. This Center is known
as NASSAU PARK and NASSAU PAVILION anchored by WALMART, SAM'S, KOHLS,
WEGMANS, TARGET, HOME DEPOT, BORDERS BOOKS, BEST BUY, etc.
- We
also forged a three year marketing campaign in Monmouth County for the
sale and redevelopment of the SEAVIEW SQUARE MALL on 114 Acres in Ocean
Township which will be anchored by SEARS, VALUE CITY, TARGET, COSTCO & LOWES.
- In
Middletown, New Jersey our determination and vision caused us to create
the concept which is going through the approval process right now - for
a One Million Square Foot Planned Unit Development on a 120 Acre Tract
of Land - encompassing Office, Residential and Retail usage.
- We
have effected the
Sale of a 50 Acre Brownfield Site in Toledo, Ohio which will be developed
as a 386,000 Sq. Ft. Power Center anchored by a WALMART Superstore.
- In
Kittanning, Pennsylvania we are marketing a 75 Acre tract of land for
the development of a 550,000 Sq. Ft. Power Center.
- We
sold a 17 Acre tract for ALLIED SIGNAL CORP. in East Rutherford, New
Jersey which will be a Retail Center anchored by a LOWES HOME CENTER.
- We
negotiated a 45 year non-subordinated ground lease in Levittown, Long
Island, New York for the development of a TARGET and SUPER STOP 'N SHOP.
- HONEYWELL
INTERNATIONAL retained our firm to sell several tracts of land in Wesley
Chapel, Florida (Tampa Area). We
sold a 253 Acre Tract to the CROWN CO. of Chicago, Illinois. We sold a 120 Acre Tract for
development of offices, research and retail to a developer out of North
Carolina. We sold the final
parcel of .80 Acres to a restaurant user.
We are in
the midst of creatively assessing and sculpting a most challenging
project. This project will encompass a
600,000 - 1,500,000 +/-
Sq. Ft. Retail Development in the Phillipsburg/Lopatcong, New Jersey area. In order to maximize the advantages of the
site we will focus on the Urban Enterprise Zone (allowing for 3% sales tax on
certain products) as part of the excitement afforded by this site. INGERSOLL-RAND has appointed us Exclusive
Real Estate Broker for the retail portion of this 388 Acre Project.
We
are always enthusiastic, relish the next challenge and look forward to
hearing from those who want to explore and consult with us to spearhead their
expansion needs or from those whose tracts of real estate are crying out for
creative solutions and land value enhancement.
GERALD H. GENET, INC. has also been involved with the growth of the
following retail merchants by satisfying their logistical support needs in
locating their Warehouse and Distribution Centers:
- Caldor
Warehouse & Distribution Center, North Bergen/Mack Co.
- Ups
& Downs Warehouse & Distribution Center, Secaucus, NJ/Nestle
Corp.
- Happy
Leggs Warehouse & Distribution Center,
Secaucus, NJ/Hartz Mtn.
- Avanti
Warehouse & Distribution Center, Secaucus, NJ/Private
- Members
Only Warehouse & Distribution Center, Secaucus, NJ/Tootals
- Barbara
Moss Warehouse & Distribution Center, Secaucus, NJ/Hartz Mtn.
- Kids
"R" Us Warehouse & Distribution Center, Franklin Township,
NJ/I. Heller
- Loehmann’s
Warehouse & Distribution Center, Rutherford, NJ/Murray Const.
In
1981, Gerald H. Genet formed the partnership GENET REALTY whose primary function was dealing with the Office,
Industrial and Warehousing requirements of its customers/clients. GENET REALTY effected transactions
for the following Warehouse and Distributions Centers:
- Nautica Warehouse & Distribution
Center, Edison, NJ/I. Heller
- Gilbert
East Distribution Center, Linden, NJ/Cantor Properties
- Caldor
Distribution Center, Secaucus, NJ/Hartz Mtn.
- Best
Buy Distribution Center, Edison, NJ/Caro Co.
- Calumet
Manufacturing, Franklin Township, NJ/Cali
In
addition, GENET REALTY effected leases for:
- Linens
'N Things Corporate Headquarters, Clifton, NJ
- Medco
Containment Service, a division of Merck Pharmaceutical, Headquarters
Facility, Montvale, NJ
- State
of New Jersey, Whippany, NJ
- State
of New Jersey, Newark, NJ
- Represented
1st International Bank in the leasing of branch offices in
Morristown, NJ; Rochester, NY; Philadelphia, PA; Detroit, MI; Pittsburg,
PA; Cleveland, OH; St. Louis, MO; Los Angeles, CA; Richmond, VA.
Our dedication is to maximize the
value of the property owner's real estate.
Join us as we strive to enhance your
assets and satisfy your needs!
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