V.P. Julie Gralla Arranges Exclusive Sale of former Franklin Steakhouse
Woodbridge, N.J., February 3, 2022 – The Kislak Company, Inc. announced the $1,600,000 sale of the landmark, former Franklin Steakhouse at 238 Franklin Avenue in Nutley, Essex County, New Jersey.
Kislak marketed the property on an exclusive basis with vice president Julie Gralla handling the assignment. Ms. Gralla also procured the purchaser.
The property is site of the former Franklin Steakhouse and consists of a 12,000-square-foot restaurant, bar, and banquet space located in the heart of downtown Nutley. A liquor license was included as part of the sale.
Ms. Gralla expressed her enthusiasm for working on this transaction: “The high level of interest for this landmark restaurant property was more than I could have predicted. I only wish I had more properties like this to sell! It was a pleasure to represent both parties and I am very excited for what is to come for this restaurant and all of those involved.”
The two-story brick building includes approximately 4,000 square feet per ﬂoor and an additional 4000-square-foot ﬁnished basement with restrooms, an office, storage, butcher prep room, a keg room, and coolers. The ﬁrst ﬂoor has a chef’s kitchen and bar with restaurant seating and the second floor is a banquet space with a dance floor as well as a smaller bar, prep room and bathrooms. Capital improvements include a gut-renovated first floor with updated restaurant equipment, HVAC system units, new rubber roof, and a heavy-duty commercial hot water tank. Municipal parking is available behind the property.
Ms. Gralla joined Kislak in 2010 and specializes in the sale of investment properties throughout northern New Jersey. After her first year with Kislak, she received the company’s Rookie of the Year award. In 2020 and 2021, Ms. Gralla also received the company’s silver achievement award, previously earning the bronze achievement award in 2016 and 2017, for her transaction success. She was also recognized in the Mid Atlantic Real Estate Journal’s Executive Women in Business and 40 Under 40 spotlight issues.
About The Kislak Company, Inc.
The Kislak Company, Inc., which is headquartered in Woodbridge, New Jersey, is a leading commercial real estate brokerage firm consistently recognized for its investment sales success. Established in 1906, Kislak’s market leadership position and longevity are due to its ability to offer clients a personalized, hands-on approach, coupled with the unrivaled expertise of its long-tenured team of professionals. Kislak’s prestigious client base includes individual investors and owners, partnerships, financial institutions, and REITs. The firm’s 35 professionals provide comprehensive market coverage throughout New Jersey, New York, Pennsylvania, and Delaware.
Now in its 116th year, Kislak was among a select group of firms recognized as a 2020 Power Broker by CoStar Group, Inc. and this was the firm’s 15th consecutive recognition.