NEWARK/SAYREVILLE—Amusements Inc., the motion picture exhibition industry leader, has retained Cushman & Wakefield, Inc. to market surplus properties in Newark and Sayreville. Donald Eisen, a Cushman & Wakefield executive director based in the firm's East Rutherford office, is heading the assignment, along with Christian Politan.
The first, a 19-acre redevelopment parcel at 104-180 Foundry Street in Newark, sits adjacent to Exit 15E of theTurnpike. The property formerly served as home to All Jersey Multiplex Cinemas.
In Sayreville, Eisen isa 21-acre National Amusements site just off the Garden State Parkway, at Highway 9 and Route 35. Formerly the Amboy Multiplex Cinemas, this property sits adjacent to The Point at Sayreville, a master-planned, 8 million-sq.-ft., mixed-use redevelopment. O'Neill Properties is set to launch the project with a Spring 2012 groundbreaking.
"This assignment is gratifying because it involves positioning two obsoletefor reuse," Eisen said. "The assignment also started a new relationship with National Amusements."
National Amusements, Inc. operates more than 950 movie screens in the U.S., U.K., and Latin America.