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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 over 1,000,000 square feet of space in 19 properties
throughout New Jersey and New York, with more than 300 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.
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 various county courts.
The Azarian Group
is pleased to announce that it has
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, Bank of America, Dunkin'
Donuts, Eyecare Centers, Supercuts, Allstate, 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 approximate $3,000,000 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. The Azarian Group
will be renovating and expanding the
Raritan Center
in Sayreville, New Jersey by adding a freestanding pad site
for The Learning Experience and also renovating the entire
shopping center; and renovating the
Pine Brook Plaza,
Pine Brook, New Jersey. Renovations on the the Hyde Park Mall,
Hyde Park, New York are expected to begin in January, 2012, which will
include Stop and Shop opening in the former Ames space, as
well as a total shopping center renovation.
Planning Board approvals have been obtained for these
projects.
The
Azarian Group is very proud of
its reputation and performance over the past 42
years and optimistically anticipates its future.
Please click here
to contact us and to find out how The Azarian Group,
L.L.C. can contribute to your future success. |
