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 the New Jersey Turnpike. 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 obsolete properties for 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.