15,000 SF Commitment Fills Anchor Vacancy at Morris County Shopping Center
RIVERDALE, N.J., June 26, 2019 – Cushman & Wakefield’s New Jersey retail team has inked a 15,000-square-foot lease with expanding global fitness franchise UFC GYM at Riverdale Square, a 72,000-square-foot lifestyle center located at 92 Route 23 North in Riverdale, N.J. David Townes and Alana Friedman of the firm’s East Rutherford, N.J. office arranged the long-term lease; Susan Preisler of Zoltek Realty served as tenant broker.
UFC GYM creates training programs for all levels and ages inspired by the training regimens of UFC athletes. Facilities offer a full range of group fitness classes, private mixed martial arts (MMA) training, and MMA-style youth programming. “Consumers are more health conscious than ever before, making fitness/wellness concepts of all types and sizes welcome additions to a shopping center’s co-tenancy,” said Townes. “We are confident this tenant will add an important new element to Riverdale Square, and become a sought-after amenity for those who live and work in the community.”
A fall 2019 opening is planned. Cushman & Wakefield secured the UFC GYM lease within two months of being awarded the agency assignment, noted Townes. “There are a variety of other opportunities remaining available at Riverdale Square, including a fully-built restaurant.”
Offering exceptional visibility, demographics and access, Riverdale Square boasts a strong mix of national, regional and local retailers, restaurants and service providers. Situated just off I-287, the center serves a residential population of more than 106,000 people within a five-mile radius and a daily traffic count of 53,500 vehicles. Its immediate neighborhood features many of the most recognized names in retailing today including BJs, Target and Home Depot, among others.
Remaining space availabilities at Riverdale Square range from 1,500 square feet to about 3,875 square feet.
Cushman & Wakefield’s East Rutherford-based New Jersey retail team provides comprehensive, integrated real estate services for retail occupiers, landlords and investors – marketing properties, aligning brands to opportunities and providing clients with intelligence for smart decision-making. This includes serving as strategic advisors for tenants, whether they have a single request or require a full market entry plan, and as long-term partners for owners looking to market and tenant their properties for maximum performance.
About Cushman & Wakefield
Cushman & Wakefield (NYSE: CWK) is a leading global real estate services firm that delivers exceptional value for real estate occupiers and owners. Cushman & Wakefield is among the largest real estate services firms with approximately 51,000 employees in 400 offices and 70 countries. In 2018, the firm had revenue of $8.2 billion across core services of property, facilities and project management, leasing, capital markets, valuation and other services. To learn more, visit www.cushmanwakefield.com or follow @CushWake on Twitter.