61,000-SF Supermarket Set to Anchor Expanded Center

BERKELEY TWP., NJ-Perlmart Inc. has signed a long-term lease to operate a 60,800-sf Shop Rite supermarket at Berkeley Plaza in the Bayville section of this central coastal New Jersey township. The asset is owned by Quaker Malls LP, an affiliate of Mainardi Management Co. of Wayne, NJ.

The Shop Rite chain is actually a cooperative, with its various stores in the Northeast under separate ownership. Perlmart, based in Toms River, NJ, currently operates five Shop Rites in the region. In the lease transaction, Perlmart was represented by attorney Brian Lenker of Brach Eichler, et al, of Roseland, NJ. Quaker Malls was represented by attorney Stephen Mainardi of Mainardi & Mainardi, Wayne, NJ.