10 South Jersey Wendy’s locations sell for $25 million

10 South Jersey Wendy's locations sell for $25 million

A New Jersey-based restaurant and hospitality group has sold 10 of its Wendy’s restaurant properties across South Jersey in deals collectively worth more than $25 million, property records show.

The Briad Group, headquartered in Livingston, Essex County, sold four other area Wendy’s locations late last summer, meaning in roughly six months, it’s shed at least 14 Wendy’s properties for a total of more than $33.2 million. The sales involve the real estate holding the restaurants.

Wendy’s restaurants are typically in a 3,000-square-foot building and situated on a half to full acre of land, according to Net Lease Advisor. Lease terms are generally 20 years with options to extend.

The recent sales were to various entities, listed below.

The Briad Group did not return a request for comment.

Briad owns and operates 111 franchised Wendy’s in New Jersey, New York and Pennsylvania, according to its website. It also owns more than a dozen Zinburgers on the East Coast, and its hotel division has developed, owned and managed 34 Marriott and Hilton-branded hotels. Most recently, it celebrated the grand opening of an AC Hotel by Marriott in Bridgewater, Somerset County, that’s connected to a Zinburger via a walkway.

In New Jersey, it’s also building a Courtyard by Marriott in Hamilton; a Homewood Suites by Hilton in Edison and an Element by Westin, part of Marriott International, in Wood-Ridge, Bergen County. Briad has recently expanded its hospitality brand to the West Coast, as it’s in the midst of developing an AC Hotel in San Diego.

Here’s a list of the Wendy’s properties Briad sold since October:

  • 300 South Black Horse Pike in Bellmawr and 2400 Church Road in Cherry Hill both sold to an LLC based in Saugerties, New York, for $2.7 million and $2.4 million, respectively.
  • 500 Cross Keys Rd. in Winslow and 685 N. Delsea Drive in Glassboro both sold to Bethlehem-based Fifth Street Properties for $2.5 million and $3.2 million, respectively.
  • 732 N. Crescent Boulevard in Pennsauken sold to a EMNJ RE, an LLC based in Flourtown, Pennsylvania, for $3.1 million.
  • 1140 Rt. 73 in Mount Laurel sold to New York-based Canal Real Estate Corp. for $2.8 million.
  • 1149 Hurffville Rd. in Deptford sold to Staten Island-based Forest Management LCC for $2.9 million.
  • 704 Mantua Pike in Woodbury Heights sold to two LLCs based in Bridgehampton, New York, CG 704 Mantua and PW 704 Manuta, for $2.2 million.
  • 5480 Rt. 42 in Washington Township, Gloucester County, sold to New York City-based Winchester Development Group for $575,000.
  • 2741 Rt. 42 in Washington Township, Gloucester County, sold to Baldwin, New York-based SPJ Distributors for $2.7 million.

*Article courtesy of Philly Biz Journal

For more information about this South Jersey retail space or about any other South Jersey commercial properties for sale or lease, please contact the team at Wolf Commercial Real Estate, a South Jersey commercial real estate broker at 856-857-6300.

Wolf Commercial Real Estate, a full-service CORFAC International brokerage and advisory firm, is a premier South Jersey commercial real estate broker that provides a full range of South Jersey commercial real estate listings and services related to this retail space. Wolf Commercial Real Estate also offers property management services, and marketing commercial offices, medical properties, warehouse properties, industrial properties, land properties, retail spaces and other South Jersey commercial properties for buyers, tenants, investors and sellers. Please visit our websites for a full listing of South Jersey commercial properties for lease or sale through our South Jersey commercial real estate brokerage firm.

Two South Jersey shopping centers sell for over $43M

South Jersey shopping centers sell for over $43M

Two South Jersey shopping centers sell for over $43M. The deal comes just two weeks after another shopping center, also anchored by a grocery story, nearby in Mount Laurel sold for $18.25 million.

A nearly 100,000-square-foot shopping plaza anchored by a ShopRite sold for $25 million in South Jersey, about two weeks after another grocery-anchored plaza nearby traded hands for $18.25 million.

The Cross Roads Plaza, located at 1520 Rt. 38 on the border of Hainesport and Lumberton townships in Burlington County, was bought by Medipower Public Co. Ltd., an international real estate investment firm that’s based in Cyprus and trades on the Tel Aviv Stock Exchange.

The deal expands Medipower’s portfolio in the region, after it bought another grocery-anchored plaza in Blue Bell last month. The firm purchased Centre Square Commons, an 88,598-square-foot Aldi-anchored shopping center at routes 202 and 73, for $40 million. It also owns the North End Center, anchored by Redners, in Pottstown and three similar plazas elsewhere in Pennsylvania, including two in Reading and one in Lebanon.

Cross Roads’ seller was a joint partnership between Madison International Realty and SITE Center Corp.

In addition to the 70,818-square-foot ShopRite, Cross Roads includes a free-standing Wawa with full-service gas and a Wells Fargo branch. The plaza is also shadow-anchored by a Lowe’s home improvement store on an adjacent but separately owned property. Cross Roads sits on both a busy commercial corridor and close to affluent and middle-class neighborhoods in Lumberton.

The sale comes just about two weeks after the sale of another grocery-anchored plaza located just about four miles west on Rt. 38 in Mount Laurel. The 128,172-square-foot Larchmont Commons is anchored by an Aldi and a Planet Fitness but also includes a Dollar Tree, UPS Store, Hair Cuttery and Primo Hoagies.

Shopping centers anchored by grocery stores are increasingly in-demand as investors turn to properties where tenants aren’t at a high risk of being pushed out of business by e-commerce sales.

Most recently, area retail properties in Jenkintown, Exton and Newtown Square that each have a Whole Foods as the lead tenant traded for steep prices. Baederwood Shoppes, the center in Jenkintown, sold for $44 million.

The Shops at Blue Bell, another grocery-anchored center less than two miles away from Centre Square Commons, traded last year for $29 million.

*Article courtesy of Biz Journal

For more information about this South Jersey retail space or about any other South Jersey commercial properties for sale or lease, please contact the team at Wolf Commercial Real Estate, a South Jersey commercial real estate broker at 856-857-6300.

Wolf Commercial Real Estate, a full-service CORFAC International brokerage and advisory firm, is a premier South Jersey commercial real estate broker that provides a full range of South Jersey commercial real estate listings and services related to this retail space. Wolf Commercial Real Estate also offers property management services, and marketing commercial offices, medical properties, warehouse properties, industrial properties, land properties, retail spaces and other South Jersey commercial properties for buyers, tenants, investors and sellers. Please visit our websites for a full listing of South Jersey commercial properties for lease or sale through our South Jersey commercial real estate brokerage firm.

Prime South Jersey Retail Space for Lease near Medford Lakes

Wolf Commercial Real Estate, the foremost South Jersey commercial real estate brokerage firm that specializes in South Jersey commercial real estate listings and services, now is offering prime South Jersey retail space for lease at 413-415 Stokes Road Medford NJ in the Cross Keys Shopping Center.

Just outside Medford Village, just minutes away from Medford Lakes, this South Jersey retail space for lease is in the bustling Medford business community and, with such a location, this South Jersey retail space for lease is ideal for any retail use.

Contact Wolf Commercial Real Estate, a South Jersey commercial real estate broker that specializes in South Jersey commercial real estate listings and services, for more information about this retail space in South Jersey at 413-415 Stokes Road Medford NJ.

There are two suites of South Jersey retail space for lease at this South Jersey retail space for lease at 413-415 Stokes Road Medford NJ in the Cross Keys Shopping Center.  One suite at this retail space in South Jersey is 1,200 sf and the other suite available at this retail space in South Jersey is 2,400 sf.

This retail space in South Jersey has tenant signage available directly on Stokes Road and, in addition, this South Jersey retail space for lease at 413-415 Stokes Road Medford NJ has abundant parking. This retail space in South Jersey is available through Wolf Commercial Real Estate, a South Jersey commercial real estate brokerage firm.

More than 51,000 potential customers live within five miles of this South Jersey retail space for lease at 413-415 Stokes Road Medford NJ in the Cross Keys Shopping Center and the average household income within that same radius of this retail space in South Jersey in $106,737.

For more information about this South Jersey retail space for lease at 413-415 Stokes Road Medford NJ or about any other South Jersey commercial properties for sale or lease, please contact Ryan Barikian (856-857-6307; ryan.barikian@wolfcre.com) or Michael Scanzano (856-857-6386; mike.scanzano@wolfcre.com) at Wolf Commercial Real Estate, a South Jersey commercial real estate broker.

Wolf Commercial Real Estate, a full-service CORFAC International brokerage and advisory firm, is a premier South Jersey commercial real estate broker that provides a full range of South Jersey commercial real estate listings and services, property management services, and marketing commercial offices, medical properties, warehouse properties, industrial properties, land properties, retail spaces and other South Jersey commercial properties for buyers, tenants, investors and sellers. Please visit our websites for a full listing of South Jersey commercial properties for lease or sale through our South Jersey commercial real estate brokerage firm.

South Jersey Retail Space for Lease in Deptford

Wolf Commercial Real Estate, the leading South Jersey commercial real estate brokerage firm with expertise in South Jersey commercial real estate listings and services, now has available South Jersey retail space for lease at 1245 Hurffville Road Deptford NJ.

This South Jersey retail property for lease has tenant signage directly on Hurffville Road and, additionally, this retail building in South Jersey has abundant parking.

Please call for information about the asking lease price for this retail space in South Jersey at 1245 Hurffville Road Deptford NJ. This South Jersey retail property for lease is available through Wolf Commercial Real Estate, a South Jersey commercial real estate broker that specializes in South Jersey commercial real estate listings and services.

New tenants at this South Jersey retail building for lease will be joining Avis, Budget, and Sherwin Williams, and this retail space in South Jersey is within a quarter mile of the Deptford Mall.

There is a strong daytime population surrounding this retail property in South Jersey at 1245 Hurffville Road Deptford NJ. For your convenience, this South Jersey retail building for lease is being offered through Wolf Commercial Real Estate, a South Jersey commercial real estate brokerage firm that specializes in South Jersey commercial real estate listings and services.

There is excellent visibility of this retail space in South Jersey and, in addition, there is direct access to Hurffville Road from this South Jersey retail property for lease. The average household income within a one-mile radius of this retail building in South Jersey is $82,745.

For more information about this South Jersey retail space for lease at 1245 Hurffville Road Deptford NJ, or about any other South Jersey commercial properties for lease, please contact Ryan Barikian (856-857-6307; ryan.barikian@wolfcre.com) or Michael Scanzano (856-857-6386; mike.scanzano@wolfcre.com) at Wolf Commercial Real Estate, a leading South Jersey commercial real estate broker.

Wolf Commercial Real Estate, a full-service CORFAC International brokerage and advisory firm, is a premier South Jersey commercial real estate broker that provides a full range of South Jersey commercial real estate listings and services, property management services, and marketing commercial offices, medical properties, industrial properties, land properties, retail buildings and other South Jersey commercial properties for buyers, tenants, investors and sellers. Please visit our websites for a full listing of South Jersey commercial properties for lease or lease through our South Jersey commercial real estate brokerage firm.

Premier South Jersey Retail Space for Lease in Sewell

Wolf Commercial Real Estate, a premier South Jersey commercial real estate broker that specializes in South Jersey commercial real estate listings and services, now is offering premier South Jersey retail space for lease at 201 Egg Harbor Road Sewell NJ.

This South Jersey retail space for lease has a total of +/- 9,786 square feet available in four suites: 3,595 sf, 1,045 sf, 1,000 sf, and 4,146 sf. This retail space in South Jersey has tenant signage directly on Egg Harbor Road.

Please call for the asking lease rate for this retail space in Sewell NJ. The tract containing this South Jersey retail space for lease has abundant parking.

Other tenants in the Sheffield Gate Shopping Center, home to this retail space for lease in Sewell NJ at 201 Egg Harbor Road Sewell NJ, include Amalfi Pizza, Mattress Firm, and The Color Room. This South Jersey retail space for lease is available through Wolf Commercial Real Estate, a South Jersey commercial real estate brokerage firm that specializes in South Jersey commercial real estate listings and services.

This South Jersey retail space for lease has excellent storefront visibility on Egg Harbor Road, and Routes 47, 55, I-295, and the Atlantic City Expressway all are close to this South Jersey retail space for lease at 201 Egg Harbor Road Sewell NJ. In addition, this South Jersey retail space for lease is located at the heart of a dense retail area.

There is a high daily traffic count passing by this retail space in South Jersey and there are two signalized intersections for easy access into the shopping center containing this South Jersey retail space for lease at 201 Egg Harbor Road Sewell NJ.

Nearly 175,000 potential customers reside within five miles of this retail space for lease in Sewell NJ through Wolf Commercial Real Estate, a South Jersey commercial real estate broker that specializes in South Jersey commercial real estate listings and services. In addition, the average household income near this South Jersey retail space for lease is $83,664.

For more information about this South Jersey retail space for sale at 201 Egg Harbor Road Sewell NJ or about any other South Jersey commercial properties for sale or lease, please contact Ryan Barikian (856-857-6307; ryan.barikian@wolfcre.com) ) or Michael Scanzano (856-857-6386; mike.scanzano@wolfcre.com) at Wolf Commercial Real Estate, a South Jersey commercial real estate broker.

Wolf Commercial Real Estate, a full-service CORFAC International brokerage and advisory firm, is a premier South Jersey commercial real estate broker that provides a full range of South Jersey commercial real estate listings and services related to this retail space in Sewell NJ. Wolf Commercial Real Estate also offers property management services, and marketing commercial offices, medical properties, warehouse properties, industrial properties, land properties, retail spaces and other South Jersey commercial properties for buyers, tenants, investors and sellers. Please visit our websites for a full listing of South Jersey commercial properties for lease or sale through our South Jersey commercial real estate brokerage firm.

Premier South Jersey Retail Space for Lease in Medford

Wolf Commercial Real Estate, the foremost South Jersey commercial real estate brokerage firm that specializes in South Jersey commercial real estate listings and services, now is offering premier South Jersey retail space for lease at 413-415 Stokes Road Medford NJ in the Cross Keys Shopping Center.

Located equidistant between Medford Village and Medford Lakes, this South Jersey retail space for lease is in the heart of the Medford business community. Such a setting makes this South Jersey retail space for lease ideal for any retail use.

Please call for the asking lease price for this well-positioned retail space in South Jersey at 413-415 Stokes Road Medford NJ. This retail space in South Jersey is available through Wolf Commercial Real Estate, a South Jersey commercial real estate broker that specializes in South Jersey commercial real estate listings and services.

There are two suites of South Jersey retail space for lease at this South Jersey retail space for lease at 413-415 Stokes Road Medford NJ in the Cross Keys Shopping Center.  One suite at this retail space in South Jersey is 1,200 sf and the other suite available at this retail space in South Jersey is 2,500 sf.

This retail space in South Jersey has tenant signage available directly on Stokes Road and, in addition, this South Jersey retail space for lease at 413-415 Stokes Road Medford NJ has abundant parking. This retail space in South Jersey is available through Wolf Commercial Real Estate, a South Jersey commercial real estate brokerage firm.

More than 51,000 potential customers live within five miles of this South Jersey retail space for lease at 413-415 Stokes Road Medford NJ in the Cross Keys Shopping Center and the average household income within that same radius of this retail space in South Jersey in $106,737.

For more information about this South Jersey retail space for lease at 413-415 Stokes Road Medford NJ or about any other South Jersey commercial properties for sale or lease, please contact Ryan Barikian (856-857-6307; ryan.barikian@wolfcre.com) or Michael Scanzano (856-857-6386; mike.scanzano@wolfcre.com) at Wolf Commercial Real Estate, a South Jersey commercial real estate broker.

Wolf Commercial Real Estate, a full-service CORFAC International brokerage and advisory firm, is a premier South Jersey commercial real estate broker that provides a full range of South Jersey commercial real estate listings and services, property management services, and marketing commercial offices, medical properties, warehouse properties, industrial properties, land properties, retail spaces and other South Jersey commercial properties for buyers, tenants, investors and sellers. Please visit our websites for a full listing of South Jersey commercial properties for lease or sale through our South Jersey commercial real estate brokerage firm.

South Jersey Retail Space for Sale or Lease in Vineland

Wolf Commercial Real Estate, a leading South Jersey commercial real estate broker, is now offering highly visible South Jersey retail space for sale or lease. This retail space in South Jersey, ideal for either medical or retail use, is at 2330 Dante Avenue Vineland NJ.

There is +/- 11,200 square feet of South Jersey retail space available for sale or lease at 2330 Dante Avenue Vineland NJ. In addition, the busy signalized intersection of South Lincoln Avenue and Dante Avenue surrounds two sides of this retail space in South Jersey.

Please call for the asking sale price and the asking lease price for this South Jersey retail space. This retail space in South Jersey is available for immediate possession from Wolf Commercial Real Estate, a South Jersey commercial real estate broker that specializes in South Jersey commercial real estate listings and services.

This retail space in South Jersey at 2330 Dante Avenue Vineland NJ offers convenient access to both Route 55 and 40 and is close to the Cumberland Mall and other high-traffic retailers. In addition, this South Jersey retail space for sale or lease has local ownership and management.

There is abundant parking and highly visible signage at this South Jersey retail space in South Jersey for sale or lease through Wolf Commercial Real Estate, a South Jersey commercial real estate brokerage firm that specializes in South Jersey commercial real estate listings and services.

For more information about this South Jersey retail space for sale at 2330 Dante Avenue Vineland NJ, or about any other South Jersey commercial properties for sale, please contact Ryan Barikian (856-857-6307; ryan.barikian@wolfcre.com) or Jason Wolf (856-857-6301; jason.wolf@wolfcre.com) at Wolf Commercial Real Estate, a leading South Jersey commercial real estate broker.

Wolf Commercial Real Estate, a full-service CORFAC International brokerage and advisory firm, is a premier South Jersey commercial real estate broker that provides a full range of South Jersey commercial real estate listings and services, property management services, and marketing commercial offices, medical properties, industrial properties, land properties, retail buildings and other South Jersey commercial properties for buyers, tenants, investors and sellers. Please visit our websites for a full listing of South Jersey commercial properties for sale or lease through our South Jersey commercial real estate brokerage firm.

Freestanding South Jersey Retail Space for Sale in Willingboro

Wolf Commercial Real Estate, the leading South Jersey commercial real estate brokerage firm with expertise in South Jersey commercial real estate listings and services now has available South Jersey retail space for sale at 399 Charleston Road Willingboro NJ.

This South Jersey retail space for sale is a +/- 2,000 square foot former bank branch that sits on .46 acres. Also, this retail space in South Jersey has both freestanding pylon and storefront signage.

The asking sale price for this retail space in South Jersey at 399 Charleston Road Willingboro NJ is $199,000. This South Jersey retail space for sale is available through Wolf Commercial Real Estate, a South Jersey commercial real estate broker that specializes in South Jersey commercial real estate listings and services.

This well-located South Jersey retail space for sale is across the street from the new Willingboro Fire Department and Township office and this retail space in South Jersey offers easy access to Route 130 and I-295.

This retail space in South Jersey at 399 Charleston Road Willingboro NJ is ideal for any professional office, medical, or retail use. This South Jersey retail space for sale is being offered through Wolf Commercial Real Estate, a South Jersey commercial real estate brokerage firm that specializes in South Jersey commercial real estate listings and services.

There is parking for about 20 cars at this retail space in South Jersey.  More than 163,000 residents live within five miles of this South Jersey retail space for sale.  The average household income in the same five-mile radius of this retail space in South Jersey is $81,907.

For more information about this South Jersey retail space for sale at 399 Charleston Road Willingboro NJ, or about any other South Jersey commercial properties for sale, please contact Michael Scanzano (856-857-6386; mike.scanzano@wolfcre.com) at Wolf Commercial Real Estate, a leading South Jersey commercial real estate broker.

Wolf Commercial Real Estate, a full-service CORFAC International brokerage and advisory firm, is a premier South Jersey commercial real estate broker that provides a full range of South Jersey commercial real estate listings and services, property management services, and marketing commercial offices, medical properties, industrial properties, land properties, retail buildings and other South Jersey commercial properties for buyers, tenants, investors and sellers. Please visit our websites for a full listing of South Jersey commercial properties for sale or lease through our South Jersey commercial real estate brokerage firm.

Well-Located South Jersey Retail Space for Lease in Runnemede

Wolf Commercial Real Estate, a premier South Jersey commercial real estate broker that specializes in South Jersey commercial real estate listings and services, is now offering well-located South Jersey retail space for lease at 123 West Clements Bridge Road Runnemede NJ.

This highly visible South Jersey retail building for lease has monument signage on Clements Bridge Road and this retail space in Runnemede NJ is close to many local amenities. This South Jersey retail space for lease is available through Wolf Commercial Real Estate, a South Jersey commercial real estate brokerage firm that specializes in South Jersey commercial real estate listings and services.

This South Jersey retail building for lease has +/- 1,000 square feet of retail space for lease in Runnemede NJ at 123 West Clements Bridge Road Runnemede NJ and the asking lease rate for this retail space in Runnemede NJ is $18.00 per square foot gross plus utilities.

There is abundant parking at this South Jersey retail building for lease and there also is convenient access to Route 168 (Black Horse Pike) from this retail space in Runnemede NJ at 123 West Clements Bridge Road.

Nearly 273,000 potential customers reside within three miles of this retail space for lease in Runnemede NJ through Wolf Commercial Real Estate, a South Jersey commercial real estate broker that specializes in South Jersey commercial real estate listings and services. In addition, the average household income near this South Jersey retail space for lease is $75,315.

This South Jersey retail space for lease is minutes from the Deptford Mall and neighbors many residential communities. This South Jersey retail building for lease is within minutes to I-295 and the New Jersey Turnpike.

For more information about this retail space for lease in Runnemede NJ at 123 West Clements Bridge Road or about any other South Jersey commercial properties for sale or lease, please contact Ryan Barikian (856-857-6307; ryan.barikian@wolfcre.com) or Michael Scanzano (856-857-6386; mike.scanzano@wolfcre.com) at Wolf Commercial Real Estate, a South Jersey commercial real estate brokerage firm.

Wolf Commercial Real Estate, a full-service CORFAC International brokerage and advisory firm, is a premier South Jersey commercial real estate broker that provides a full range of South Jersey commercial real estate listings and services, property management services, and marketing commercial offices, medical properties, industrial properties, land properties, retail buildings, and other South Jersey commercial properties for buyers, tenants, investors and sellers. Please visit our websites for a full listing of South Jersey commercial properties for lease or sale through our South Jersey commercial real estate brokerage firm.

Premier South Jersey Retail Space for Lease in Absecon

Wolf Commercial Real Estate, a premier South Jersey commercial real estate broker that specializes in South Jersey commercial real estate listings and services, is now offering premier South Jersey retail space for lease at 315 East White Horse Pike Absecon NJ.

The asking lease rate for this retail space in Absecon NJ is $18.00 per square foot gross plus utilities and janitorial. This South Jersey retail space for lease is available for immediate occupancy. This South Jersey retail space for lease formerly was occupied as a Wawa convenience store.

This South Jersey retail space for lease has +/- 3,100 square feet space available and this retail space in Absecon NJ is situated on .64 acres. This retail space in South Jersey offers highly visible freestanding pylon and storefront façade signage.

This retail space for lease in Absecon NJ at 315 East White Horse Pike Absecon NJ is a free-standing commercial property and this South Jersey retail space for lease is available through Wolf Commercial Real Estate, a South Jersey commercial real estate brokerage firm that specializes in South Jersey commercial real estate listings and services.

This South Jersey retail space for lease has abundant parking, and a well-maintained and landscaped property surrounds this South Jersey retail space for lease at 315 East White Horse Pike Absecon NJ. There also are many high-traffic retailers close to this South Jersey retail space for lease.

There is excellent access to Atlantic City and all shore points from this retail space in South Jersey and this South Jersey retail space for lease at 315 East White Horse Pike Absecon NJ is nearby both the Atlantic City Expressway and the Garden State Parkway.

For more information about this South Jersey retail space for sale at 315 East White Horse Pike Absecon NJ or about any other South Jersey commercial properties for sale or lease, please contact Jason Wolf (856-857-6301; jason.wolf@wolfcre.com) or Ryan Barikian (856-857-6307; ryan.barikian@wolfcre.com) at Wolf Commercial Real Estate, a South Jersey commercial real estate broker.

Wolf Commercial Real Estate, a full-service CORFAC International brokerage and advisory firm, is a premier South Jersey commercial real estate broker that provides a full range of South Jersey commercial real estate listings and services related to this retail space in Absecon NJ. Wolf Commercial Real Estate also offers property management services, and marketing commercial offices, medical properties, warehouse properties, industrial properties, land properties, retail spaces and other South Jersey commercial properties for buyers, tenants, investors and sellers. Please visit our websites for a full listing of South Jersey commercial properties for lease or sale through our South Jersey commercial real estate brokerage firm.