CRC News

The 2010 Brand Leadership Award goes to CR Restaurant!  

CR Restaurant, Inc., the restaurant division of  Continental Realty Corporation, has been recognized by Burger King Corporation as the recipient of its 2010 Brand Leadership Award. Sixteen Burger King franchisees – eight each from domestic and international locations – were chosen from among the more than 2000 franchise entities that exist around the world. Established in 1990, CR Restaurant owns and operates 30 Burger King restaurants throughout the Maryland and Pennsylvania region, as well as one Cosi restaurant.
According to Tom Herman, president of CR Restaurant, Inc., the company was cited for its overall operational and management excellence, its expansion philosophy and recent growth activity, as well as performance and sales characteristics compared to stores in similar-sized markets.  
CR Restaurant employs more than 1000 workers through its operation of 18 Burger King locations in Maryland and 12 in Pennsylvania, with the majority of the latter centered in the Wilkes-Barre area. Burger King operates more than 12,000 restaurants in all 50 states and 74 countries, with more than 90% owned by independent franchisees.

The Y Signs with CRC

The Y of Central Maryland has signed a lease with Continental Realty Corporation for approximately 35,000 square feet of space at North Plaza, a 340,000 square foot neighborhood shopping center positioned in the Parkville/Carney section of northeast Baltimore County. The site, which is expected to be operational in early June, represents the twelfth location for the community-based organization that serves more than 80,000 Marylanders on an annual basis.
Located at 8910 Waltham Woods Road, North Plaza features nearly 35 tenants and is anchored by Safeway Supermarket, Ross Dress for Less, K-Mart and Tuesday Morning. It offers a range of apparel retailers, fast-casual restaurants, medical and fitness uses as well as necessity-based services stores. Nearly 40,000 vehicles pass by the center on a daily road from its position at the intersection of Joppa Road and Perring Parkway.  

Welcome Aboard!

Continental Realty Corporation has selected Bob Rajewski, formerly Director of Asset Management for Caves Valley Partners, as our new Director of Asset Management.
In his new position, Mr. Rajewski will oversee due diligence and financial analysis of prospective commercial and multi-family real estate investments, in addition to managing underwriting activities associated with new acquisitions. Mr. Rajewski brings more than twenty years of diversified real estate experience in appraising, underwriting, lending, property management, development and private and institutional asset management.  

Lauren Wayne joins CRC as Director of Investor Reporting. She was formerly Controller for Sterling Partners, a private equity investment company. 
“Lauren represents an excellent addition to our investment and accounting teams, given her strong knowledge and proven experience in the financial and investor relations sectors,” explained JM Schapiro, Chief Executive Officer of Continental Realty. “The company’s operational model includes the participation of outside investor entities, so she fills a critical role with her talents in reporting and compliance.”