(Shopping Center)
Elmwood Park, NJ

This 152,000 square foot property was acquired through a local partnership. After the general partner was removed from operating the partnership, Richard Shapiro of Winco took over control of the leasing and management of the property. Despite being located 3,000 miles away and facing major challenges including environmental, zoning and community issues, the Center was re-positioned and sold at a profit.

Services Provided:

  • Acquisition

  • Leasing

  • Management

  • Repositioning

  • Financing

Our firm provides investment advisory services to a number of prominent California families. We have invested with Richard Shapiro and Winco on several occasions with excellent results.Richard is an astute investor with a history of success and integrity.
— David Nasaw, President Metropolitan Real Estate Advisors LLC