Leasing

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NEWARK, NJ—In this week's Deal-Tracker,Winick Realty Group has leased 2,200 square feetfor Chipotle Mexican Grill at 222 Market Street, part of theRockPlaza Lofts residential and commercialdevelopment in Newark, NJ. The deal makes Chipotle the firstnational quick service restaurant to open in Downtown Newark indecades, says Daniel Spector, NJ senior vice president and Winickfounding partner. “This was a very neglected block in Newark andthe developer, Fidelco Realty Group, completelychanged the look and feel of the entire area,” says Spector. “Theproperty has now been drawing interest from many highly-regardedretailers, including New Jersey's only Dinosaur Barbecue, whichopened next door.” The new store is near Seton Hall University LawSchool and the Prudential Center sports arena, home of the NewJersey Devils.

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Financial News

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EDISON, NJMack-Cali RealtyCorporation and Winthrop Realty Trust saytheir joint venture to acquire mezzanine debt related toRFR Realty's 1.7-million-square-foot class A realestate portfolio in Stamford, CT, has been paid in full, giving theJV an 11.25% return. Mack-Cali andWinthrop acquired the note in February 2012.

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Executive Moves

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MALVERN, PA—Erin Plourde hasbeen named vice president of acquisitions at LibertyInvestment Trust. She provides Libertyregions with assistance and counseling regarding propertyacquisition and disposition. Plourde joinedLiberty in 2004 as a senior accountant fordevelopment and became development controller in 2006. In 2011Plourde was named director of acquisitions.Plourde holds a B.S. degree from Susquehanna University and an MBAin Finance from Villanova University in Villanova, PA. She is aNAIOP Industrial Acquisitions I Forum member and aCPA.

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CEDAR KNOLLS, NJ — Maryalice Raushi has beennamed sales associate and executive vice president atNewmark Associates Inc. Raushi comes toNewmark from a 25-year career in banking, propertymanagement and real estate, including a term as president anddirector of a $20 billion bank owned by a Fortune 500 company. Shealso held senior positions at PNC Bank,Mellon Bank, Bank of America,Wells Fargo and a denovo bank. She holdsan MBA in Finance from Fairleigh Dickinson University, where she isa member of its advisory board here and abroad at its campus inOxfordshire, England at Wroxton College.

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Steve Lubetkin

Steve Lubetkin is the New Jersey and Philadelphia editor for GlobeSt.com. He is currently filling in covering Chicago and Midwest markets until a new permanent editor is named. He previously filled in covering Atlanta. Steve’s journalism background includes print and broadcast reporting for NJ news organizations. His audio and video work for GlobeSt.com has been honored by the Garden State Journalists Association, and he has also been recognized for video by the New Jersey Chapter of the Society of Professional Journalists. He has produced audio podcasts on CRE topics for the NAR Commercial Division and the CCIM Institute. Steve has also served (from August 2017 to March 2018) as national broadcast news correspondent for CEOReport.com, a news website focused on practical advice for senior executives in small- and medium-sized companies. Steve also reports on-camera and covers conferences for NJSpotlight.com, a public policy news coverage website focused on New Jersey government and industry; and for clients of StateBroadcastNews.com, a division of The Lubetkin Media Companies LLC. Steve has been the computer columnist for the Jewish Community Voice of Southern New Jersey, since 1996. Steve is co-author, with Toronto-based podcasting pioneer Donna Papacosta, of the book, The Business of Podcasting: How to Take Your Podcasting Passion from the Personal to the Professional. You can email Steve at [email protected].