Agus Holdings and Treeco have recently completed a joint venture to acquire the Cinemark theater in Watchung, New Jersey. The exact purchase price was not disclosed, however the 37,630-square-foot single tenant building was constructed in 2019 and is situated on a six acre site along Route 22’s retail corridor. This property features 10 screens with heated luxury recliners as well as an XD auditorium.
Josh Agus of Agus Holdings commented that this corner within an exceptional retail corridor stands out as one of the most coveted corners within both New York and New Jersey trade zones due to its irreplaceable presence. He further stated that their pursuit is dedicated to finding remarkable retail spots which embody all essential elements they seek for success.
The JLL Retail Capital Markets team responsible for representing the seller consisted of JB Bruno, Kevin O’Hearn Ryan Robertson and Jose Cruz who successfully facilitated this transaction between buyer & seller parties involved .
