The Azarian Group, L.L.C. is a privately-owned, full service property management / development organization engaged in the acquisition, development, redevelopment, management, leasing, insuring, construction and financial management of retail, commercial and investment properties for its own portfolio as well as third parties.
The Azarian Group purchased its first office building in 1970 and its first shopping center in 1972. Since then The Azarian Group has experienced controlled and steady growth. The Azarian Group currently owns, manages and leases approximately 1,200,000 square feet of space in 18 properties throughout New Jersey and New York, with approximately 350 tenants.
The Azarian Group takes a long term approach to ownership and management by seeking to effect and deliver extraordinary value by creating lasting relationships with its tenants, communities, lenders, partners, and investors. The Azarian Group is well known and respected in the shopping center industry and has been an active member of the International Council of Shopping Centers (ICSC) since 1978. John M. Azarian has been a guest speaker at numerous trade conventions, shows and seminars.
The Azarian Group also manages and leases properties for the private investor, partnerships, limited liability companies, financial institutions, and acts as a court appointed rent receiver and property manager. The Azarian Group has developed shopping centers from the ground up, constructed new buildings, implemented major renovation and expansion projects, and revitalized distressed properties through re-leasing, renovation, promotion and advertising events.
The Azarian Group is pleased to be one of the largest commercial mortgage and banking customers of many local, regional, and national banks as well as conduit (CMBS) lenders, private and public funding companies, equity lenders, and investors. The Azarian Group has also served as a court appointed rent receiver and property manager for various financial institutions and county courts.
During 2009, The Azarian Group closed on the 220,000 square foot 100 percent occupied, institutional quality Neptune Plaza Shopping Center, Neptune, New Jersey, The Azarian Group’s largest acquisition to date. Neptune Plaza is anchored by World Class Shop Rite, Marshalls, Home Goods, TD Bank, IHOP and 17 satellite stores including Sally Beauty Supply, Bank of America, Dunkin’ Donuts, Visionworks, Supercuts, Western Union, etc.
2009 was a busy year for The Azarian Group. Besides seeing a huge uptick in leasing activity, and the acquisition of the Neptune Plaza Shopping Center, it also saw the extensive renovation and expansion of the Allendale Town Center.
In 2010, Azarian Realty Co. leased 28,000 square feet of space with 16 new leases. 2011 was a year of stabilization, planning and leasing. Renovations on the Hyde Park Mall, Hyde Park, New York began in May, 2012, and on November 1, 2012, Stop and Shop opened a brand new state of the art supermarket and fuelling facility. In addition, the entire shopping center was renovated. During 2013, The Azarian Group began the renovation and expansion of the Raritan Center in Sayreville, New Jersey by adding a freestanding pad site for The Learning Experience and also renovating the entire shopping center. The Learning Experience opened in January, 2015. The remaining Raritan Center renovations will be completed by Fall, 2015. Phase II of the Hyde Park renovation was completed on May 31, 2014 and included the renovation of the remainder of the shopping center as well as the addition of Dollar Tree to the Hyde Park Mall’s tenant roster. The complete and extensive renovation of the Pine Brook Plaza, Pine Brook, New Jersey will begin in the Summer of 2015.
On March 31, 2015, The Azarian Group acquired The Shoppes at North Brunswick located on Route 1 in North Brunswick, New Jersey, a 150,000 sf lifestyle center, constructed in 2007. The shopping center has 43 national and other stores and eateries including Banana Republic, Ann Taylor Loft, White House Black Market, Anthropologie, Chipotle, Starbucks, Jos. A Bank, NY & Co., Aeropostale, Sunglass Hut, and more.
The Azarian Group is very proud of its reputation and performance over the past 45+ years and optimistically anticipates its future.
Please contact us and to find out how The Azarian Group, L.L.C. can contribute to your future success.