HomeReal Estate & DevelopmentMahwah steakhouse has new owners, real estate firm says

Mahwah steakhouse has new owners, real estate firm says

Bielat Santore & Co. has brokered the sale of a Mahwah steakhouse, the real estate company announced this week.

The River Palm Terrace, at the corner of routes 17 and 202, is one of three River Palm Steak House locations, along with Fair Lawn and Edgewater restaurants. The new owners, Patriot Gjonbalaj and Frank Gashi, are New York-based restaurateurs, according to the Allenhurst firm.

“The new proprietors … are both very familiar with New York City high-end restaurants, having spent a good part of their 20-plus-year careers training and working in them,” Bielat Santore sales associate David A. Alvarez said in a prepared statement.

Alvarez, along with Barry Bielat, handled the deal for Bielat Santore.

Gjonbalaj and Gashi had worked together managing Il Mulino Prime Restaurant, after working together at Scalinatella Restaurant, both in Manhattan.

Read more from ROI-NJ:

Related Articles

CBRE arranges sale of Eastpoint at Exit 8A in Monroe Township

CBRE announced that it has arranged the sale of Eastpoint at Exit 8A, a 450,330-square-foot industrial facility centrally located between New York City, Philadelphia...

Somerset lease renewed by state electrical contractor association 

The New Jersey Independent Electrical Contractors Association (NJIEC) has renewed its lease on a 5,000-square-foot space at 20 Worlds Fair Drive in Somerset. Sheldon Gross...

Cushman & Wakefield arranges $56M construction loan for industrial development in Rahway

Cushman & Wakefield on March 16 announced that it has arranged a $56 million construction loan on behalf of Sagard Real Estate and Woodmont...

Resource Realty of Northern New Jersey wraps up 3 industrial leases in Morris County  

Resource Realty of Northern New Jersey has completed three industrial-leasing transactions along the Interstate-80 corridor in western Morris County. The leases account for 15,496 square...

Spencer Savings Bank adds Coppola to commercial real estate team as client manager

Spencer Savings Bank said Chris Coppola was added to its commercial real estate team as vice president, commercial real estate client manager. Coppola is...

Marcus & Millichap manages sale of self-storage development site in Ridgefield

Marcus & Millichap announced on March 16 the sale of a self-storage development site in Ridgefield. Financial details were not disclosed. Located at 1099 Hendricks...

Latest Articles

Capacity appoints Sharma to chief information officer

North Brunswick-based Capacity LLC, a leading fulfillment and logistics provider for high-growth consumer brands, announced that Shatabdi Sharma has joined the company as chief...

Robust life sciences sector stokes N.J. economy: Colliers report

The life sciences sector is growing steadily in New Jersey, according to the latest life sciences market report from Colliers. New Jersey is home...

LinusBio’s ClearStrand-ASD expands autism test range in children to 10 years

North Brunswick-based LinusBio, a leader in exposomic sequencing and precision health, announced that ClearStrand-ASD, its first-of-its-kind biochemical test designed to help rule out autism...

‘Teddy Goes to Cooper’ health care education program for kids debuts in South Jersey

Cooper University Hospital Cape Regional welcomed 45 kindergarten students from Glenwood Avenue Elementary School in Wildwood for the debut of “Teddy Goes to Cape,”...

Merwick Post Acute in Plainsboro debuts orthopedic recovery program 

Merwick Post Acute has introduced OrthoWIN, a highly specialized subacute care program for orthopedic recovery. Dr. Stacey Miller-Smith, a physical medicine and rehabilitation (PM&R) specialist,...

Report says N.J. construction industry spending rose in 2025, forecasts continued growth in 2026

The Associated Construction Contractors of New Jersey (ACCNJ), in partnership with Otteau Valuation Group, released their MarketCAST report for Q4 2025, which showed total construction spending...

Latest Articles

Capacity appoints Sharma to chief information officer

North Brunswick-based Capacity LLC, a leading fulfillment and logistics provider for high-growth consumer brands, announced that Shatabdi Sharma has joined the company as chief...

Robust life sciences sector stokes N.J. economy: Colliers report

The life sciences sector is growing steadily in New Jersey, according to the latest life sciences market report from Colliers. New Jersey is home...

LinusBio’s ClearStrand-ASD expands autism test range in children to 10 years

North Brunswick-based LinusBio, a leader in exposomic sequencing and precision health, announced that ClearStrand-ASD, its first-of-its-kind biochemical test designed to help rule out autism...

‘Teddy Goes to Cooper’ health care education program for kids debuts in South Jersey

Cooper University Hospital Cape Regional welcomed 45 kindergarten students from Glenwood Avenue Elementary School in Wildwood for the debut of “Teddy Goes to Cape,”...

Merwick Post Acute in Plainsboro debuts orthopedic recovery program 

Merwick Post Acute has introduced OrthoWIN, a highly specialized subacute care program for orthopedic recovery. Dr. Stacey Miller-Smith, a physical medicine and rehabilitation (PM&R) specialist,...