Faith Hope Consolo Team Awarded Exclusive Agency For Turn-Key Restaurant & Bar in Toms River, New Jersey

The Worldwide Leasing Team of Faith Hope Consolo at Douglas Elliman was awarded the exclusive agency for Pub 1850, located at 1850 Hooper Avenue, in Toms River, NJ. 

This 5,500-square-foot, 182-seat venue with billboard signage and ample parking has historically been very popular and profitable. Originally known as Mulligan’s, the restaurant has been under new management for the past two years, when it was rebranded as Pub 1850. The restaurant’s lease, furniture, fixtures, and liquor license are now being offered for sale.  

Restaurants in Toms River benefit from the nearly 100,000 residents in its township, ranking it as one of the most populous municipalities in the state. Two of the busiest roads are Hooper Avenue and Route 37, and both see extra traffic from travelers to the Jersey Shore during the summertime.


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National restaurant chains on Hooper Avenue include T.G.I. Friday’s, Olive Garden, and Red Lobster. Regional chains and comparable local dining establishments include Charlie Brown’s Steakhouse, Tuscan Bistro, Artisan Restaurant & Brewery and McIntyre’s Pub.

“It is extremely rare for a liquor license to become available in this town,” said the Worldwide Leasing Team’s Arthur Maglio. “This fully fixtured restaurant and bar is an attractive opportunity for the many investors, restauranteurs and national chains looking to expand into the area.”

The Worldwide Leasing Team of Faith Hope Consolo at Douglas Elliman:

Faith Hope Consolo, Chairman of the Worldwide Leasing Team at Douglas Elliman, is a powerful voice in the national real estate scene and has extensive experience working with iconic fashion brands, restaurants and major corporations around the world. 

As chairman of Douglas Elliman’s Retail Group, she is responsible for the most successful commercial division of New York’s largest residential real estate brokerage firm. 

Recognized worldwide as the “Queen of Retail,” Consolo is sought for her expertise as a consultant and retail broker. She has played a major role in revitalizing and sculpting retail corridors both nationally and internationally. Before joining Elliman in 2005, she served as vice chairman of Garrick-Aug Worldwide for nearly 20 years, founding the firm’s international division and opening its European office in Paris. Email Faith at

Arthur Maglio, a New Jersey native, is a senior member of the Worldwide Leasing Team, which he joined in 2006. Email Arthur at