RED BANK, NJ—Well-known musician and restaurateur Tim McLoone's restaurant company has signed a 20-year lease with Onyx Equities at 26 Broad Street in Red Bank, NJ. McLoone's Restaurants has opened The Robinson Ale House – the latest of the company's 11 restaurants in New Jersey – in the property in the heart of Red Bank's central business district. CBRE's retail group FAMECO worked with Onyx to close the transaction.
The CBRE FAMECO team of Jay Miller and Steven Winters represented Onyx Equities in the company's search for a new high-profile restaurant operator to fill this iconic location. The team was able to secure an ideal tenant and complete the transaction in fewer than three months.
“The city of Red Bank offers retailers and restaurant owners an iconic location with access to a very large consumer base comprised of city residents and employees of area businesses,” says Miller. “McLoone's, which already has a strong presence in the Jersey Shore region, instantly recognized the opportunity offered by this dynamic live-play-work community.”
“We were very impressed by Steven and Jay's efforts and targeted approach to filling our space,” says John Saraceno, managing partner of Onyx Equities. “They secured McCloone's in near record time and their professionalism and market knowledge was impressive.”
The Robinson Ale House, now situated in the 5,000-square-foot property owned by Onyx Equities, features an alehouse design with a modern menu. McLoone's signed a 20-year lease at the property.
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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].
