Thank you for sharing!

Your article was successfully shared with the contacts you provided.

For more retail coverage, click GlobeSt.com/RETAIL.

RANDOLPH, NJ-Soccer Evolution, which sells equipment for that sport, has acquired a 16,000-sf retail building here, paying $3 million, or $188 per sf for the multi-tenant asset. Situated on two acres with access to Route 10, the two-level building had been owned for the past five years by Star International, a local group. Until recently, it had housed one of the largest units in the Denny’s chain of franchised restaurants.

The seller, Star International Inc., was represented in the transaction by John Schilp of Schilp & Co., Chester, NJ, while Soccer Evolution was represented by the Blau & Berg Co. of Springfield, NJ.

A portion of the asset is currently occupied by Fuse Spa, a high-end beauty salon. The former Denny’s space is in the planning stages for conversion into a new upscale restaurant. New owner Soccer Evolution, which does much of its business through direct marketing and online, is moving its flagship retail store into the building as well.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

Dig Deeper


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.