8
BENNETTREALTYLLC.COM uncommon hustle. unrivaled results.

uncommon hustle. unrivaled results....our relationships, we were able to secure a deal with Miller’s Ale House Restaurants, Inc. From there we were required to obtain Anchor consent

  • Upload
    others

  • View
    2

  • Download
    0

Embed Size (px)

Citation preview

Page 1: uncommon hustle. unrivaled results....our relationships, we were able to secure a deal with Miller’s Ale House Restaurants, Inc. From there we were required to obtain Anchor consent

B ENNE T T R EA LT Y L LC .COM

uncommon hustle.

unrivaled results.

Page 2: uncommon hustle. unrivaled results....our relationships, we were able to secure a deal with Miller’s Ale House Restaurants, Inc. From there we were required to obtain Anchor consent

Bennett Realty & Development takes a unique

approach to our development deals. The

difference is clear, we begin with our end-

users which mitigates much of the time-wasting

approach. Our development platform provides

for a multitude of creative deal-making solutions

including fee-simple acquisitions, leasehold

positions, public-private endeavors, assemblages,

and environmentally complex sites as well as

preferred developer programs for National

Retailers and long term land lease deals.

Our efficiencies are deliberate and pronounced

when pursuing a development deal. Because of

our hands-on approach, we only pursue sites with

a high sense of confidence and understanding

which affords all involved in the transaction the

greatest potential for success.

OVERVIEW & ACQUISITION CRITERIA

BENNETTREALTY L LC . COM

Page 3: uncommon hustle. unrivaled results....our relationships, we were able to secure a deal with Miller’s Ale House Restaurants, Inc. From there we were required to obtain Anchor consent

• Up to 10 acres parcels located on the east coast of the United States

• New and redevelopment sites

• Retail or multi-family uses

• Existing buildings that can be converted to retail or residential uses

• Highway and infill locations in suburban or urban areas

• Parcels in Transit Orientated Developments (TOD) desired for mixed-use developments

BENNETT REALTY & DEVELOPMENT IS CURRENTLY SEEKING SITES THAT MEET THE FOLLOWING GENERAL CRITERIA:

uncommon hustle. unrivaled results.

Page 4: uncommon hustle. unrivaled results....our relationships, we were able to secure a deal with Miller’s Ale House Restaurants, Inc. From there we were required to obtain Anchor consent

Located on State Highway 35 and the signalized

intersection of Union Avenue, a former Lukoil Gas

Station, this prime property was on the market for

nearly 2 years. The Owner’s lack of willingness to sell

the Property as they wanted it for cash flow combined

with their lack of desire to spend the money to

redevelop the Property for a new Tenant, made for a

challenging process. We were able to secure a long-

term ground lease with a fifteen (15) years and another

seventy (70) years in options. From there we secured

two (2) national tenants; Chipotle Mexican Grill and

Kay Jewelers to lease 2,250 square feet each. We

navigated the entitlement process and secured

financing direct from a lender and built the Center

under-budget and ahead of schedule. Both Tenants

opened in their stores in Summer of 2016.

HOLMDEL, NJCASE STUDY

Deal Type: Build to Suit

Property Class: Retail

Status: Completed & Sold

Users: Kay Jewelers & Chipotle

Page 5: uncommon hustle. unrivaled results....our relationships, we were able to secure a deal with Miller’s Ale House Restaurants, Inc. From there we were required to obtain Anchor consent

PLAINFIELD, NJA former 25,000 industrial building in a blighted urban area and adjacent to NJ Transit train

station, we worked closely with the City of Plainfield to designate the property and 18 others on

North Avenue an area in need of redevelopment, meeting the standards of a Transit-Orientated

Development and qualified for a Payment in Lieu of Taxes (“PILOT”) Program. Ultimately securing

Site Plan Approval from the City for a 5-story, mixed-use development with 120 market-rate

apartments and 6,120 square feet of commercial space with a five-story wrapped parking deck.

Deal Type: Redevelopment

Property Class: Mixed-Use

Status: Fully Approved

CASE STUDY

Page 6: uncommon hustle. unrivaled results....our relationships, we were able to secure a deal with Miller’s Ale House Restaurants, Inc. From there we were required to obtain Anchor consent

Perhaps our most complicated deal to date; we acquired a 1.5 acre

parcel that was, at the time owned and utilized by J.C. Penney for

parking. Located on the Ring Road of the Rockaway Townsquare a 1.2

million square foot enclosed super-regional mall in Rockaway, New

Jersey. After our first two deals with National Tenants faltered, through

our relationships, we were able to secure a deal with Miller’s Ale

House Restaurants, Inc. From there we were required to obtain Anchor

consent for our plan from; Sears, Macy’s, Lord & Taylor, and Simon

Property Group. This cumbersome process was achieved by relentless

pursuit and cooperation of JCPenney. We then immediately mobilized

our team of professionals to pursue municipal Site Plan Approvals. In

this deal, we are responsible for all associated site work and approvals

and Miller’s Ale House constructs their own building.

ROCKAWAY, NJCASE STUDY

Deal Type: Ground Lease

Property Class: Theme Restaurant

Status: Under Development

Users: Miller’s Ale House

Page 7: uncommon hustle. unrivaled results....our relationships, we were able to secure a deal with Miller’s Ale House Restaurants, Inc. From there we were required to obtain Anchor consent

TYLER BENNETTFOUNDER / PRESIDENTTyler Bennett founded Bennett Realty & Development and serves as CEO of the firm. He has been in the real estate industry for fifteen years, during which time he has amassed significant knowledge of markets throughout the East Coast. Tyler’s vision was to create a unique fully-integrated boutique real estate firm that focuses on both brokerage and development. His vision was born from his entrepreneur beliefs and core values of a hands-on and precision-driven approach.

Tyler has completed hundreds of transactions through his career in the leasing, sales, and development space. This includes several hundred multi-family units as well as, transactions with; McDonald’s, Wendy’s, TD Bank, Walgreens, Kay Jewelers, Miller’s Ale House, and Chipotle Mexican Grill. Landlords include; Triple Five Group, Brookfield Properties, Kimco Realty, and Westfield. This diverse perspective has earned him an impeccable reputation as a skilled deal maker and a relentless professional. His rare insight delivers an unmatched intuitive approach to the transaction.

Tyler Bennett achieved a bachelor’s degree in Political Science from Montclair State University. He is a licensed real estate broker in New Jersey, Connecticut, Pennsylvania, and New York, and a member of the International Council of Shopping Centers (ICSC). He resides in New Jersey with his wife and two children. In his spare time, he enjoys participating in ultra-endurance races including running and hiking.

Page 8: uncommon hustle. unrivaled results....our relationships, we were able to secure a deal with Miller’s Ale House Restaurants, Inc. From there we were required to obtain Anchor consent

BENNETT REALTY & DEVELOPMENT LLC IS A FULLY INTEGRATED BOUTIQUE

COMMERCIAL REAL ESTATE COMPANY BASED IN NEW JERSEY. WITH A

FOCUS ON DEVELOPMENT OF RETAIL AND MIXED-USE PROPERTIES AND

TENANT REPRESENTATION, OUR UNIQUE PLATFORM FOCUSES ON THE

EAST COAST OF THE UNITED STATES AND AFFORDS OUR CLIENTS AN

UNRIVALED APPROACH TO ACCOMPLISHMENT.

NEW JERSEY OFFICE NORTH CAROLINA OFFICE 24 S HOLMDEL ROAD 1021 TECHNOLOGY DRIVE HOLMDEL, NJ 07733 SUITE C INDIAN TRAIL, NC 28079

PH 732.837.4060 FAX 732.963.2433 EMAIL [email protected]

BENNETTREALTYLLC.COM

CO

PY

RIG

HT

20

18 B

EN

NE

TT

RE

ALT

Y &

DE

VE

LOP

ME

NT.

ALL R

IGH

TS

RE

SE

RV

ED

. LIC

EN

SE

D R

EA

L E

STA

TE

BR

OK

ER

NJ,

NY

, C

T

uncommon hustle. unrivaled results.