Politics & Government

Liquor License Sells For $575K To Laurel Square Owner In Brick

The retail liquor license had been purchased by Corrado's to go with its grocery store.

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The retail liquor license had been purchased by Corrado's to go with its grocery store; Brixmor, the owner of Laurel Square, had Corrado's evicted in June for nonpayment of rent.
The retail liquor license had been purchased by Corrado's to go with its grocery store; Brixmor, the owner of Laurel Square, had Corrado's evicted in June for nonpayment of rent. (Getty Images)

BRICK, NJ — The Brick Township Council has approved a resolution to sell a retail liquor license that had belonged to the Corrado's grocery store.

The license, which had been inactive since Corrado's won it in an auction in October 2019, was awarded to BRX NJ License LLC. The limited liability company, set up in August, shares office space in Conshohoken, Pennsylvania, with Brixmor, the company that owns Laurel Square Shopping Center where Corrado's was supposed to open.

Corrado's was evicted from the premises at the shopping center in June following months of court action over a failure to pay its rent.

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BRX NJ License is set to pay $575,000 for the license, the same amount Corrado's paid.

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