Azarian Realty Co. is proud to announce its many accomplishments and successes in 2022, which resulted in not only significant leasing activity but the addition of many new property management assignments.

Leasing activity saw a significant increase across the firm’s portfolio, which covers the New Jersey/New York Metropolitan marketplace. Over 60,000 square feet was leased in 2022 and 75,000 square feet was added to Azarian’s management portfolio. The firm’s assets under management now exceed over 1.2 million square feet. Azarian reports that the top use among all completed deals in 2022 were restaurant tenants. 33% of Azarian Realty Co.’s 2022 deals were restaurant uses, while the remaining top uses were office at 23% and service businesses at 20% of all total deals in 2022. Nearly a quarter of all transactions were co-brokered deals.

Livingston Town Center experienced the most leasing activity in 2022 under Azarian Realty’s assets under management. A total of seven new tenants, ranging from restaurants to fitness and service, signed leases at the open-air center in Livingston, New Jersey.

2022 was a record-setting year for Azarian Realty Co. in terms of expanding its assets under management. Of the five new property management assignments, its largest includes a four-building mixed-use portfolio centrally located in Hudson County, New Jersey. “We are beyond excited to take on this management assignment and bring our best-in-class services and ideas to drive the value of these assets for ownership,” said Kevin Pelio, Senior Director of Leasing.

Azarian Realty Co. looks forward to continuing this momentum in its 39th year in business by continuing to provide professional commercial real estate leasing and property management services throughout the New York Metropolitan marketplace.

If you are interested in learning more about the services Azarian Realty Co. provides, please contact Kevin Pelio, Senior Director of Leasing at kpelio@azariangroup.com.

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Related Press:

Azarian Realty Co. reports record growth and expansion in 2022 – ROI-NJ, 01/17/2023

Azarian boasts record growth in 2022 fueled by new leasing, management assignments – Real Estate NJ, 01/17/2023