Cushman & Wakefield Inks Five Retail Leases for Phenix Salon Suites

New Locations, Totaling 28,000 SF, Include First in N.J., Expansions in N.Y. and Conn.

EAST RUTHERFORD, N.J., July 3, 2019 – Phenix Salon Suites – the fastest-growing salon suite company in the beauty industry – has added five locations totaling approximately 28,000 square feet in New Jersey, Connecticut and New York, announced Cushman & Wakefield. David Townes, who heads the commercial real estate services firm’s East Rutherford-based New Jersey retail team, serves as the franchise’s New York Metropolitan Area exclusive leasing agent.

The recent transactions include Phenix Salon Suites’ first three New Jersey locations. Townes brokered the long-term Garden State leases with Alana Friedman. Properties include:

  • Tinton Falls Plaza, 980 Shrewsbury Ave. in Tinton Falls (5,962 square feet).
  • Garden State Pavilions, 2240 West Marlton Pike in Cherry Hill (5,500 square feet, with Allesandro Randazzo from Metro Commercial serving as landlord broker).
  • 45 Central Drive in Clark (5,400 square feet, with Sam Bernhaut and Nicole Nannola of CBRE representing the property owner).

In Connecticut, Townes represented Phenix in a 6,000-square-foot commitment at Golden Crest Plaza, 596 Westport Ave. in Norwalk, with Jeff Kintzer of Royal Properties serving as landlord broker. Phenix also leased 5,200 square feet at Carmans Plaza, 941 Carmans Road in Massapequa, N.Y; Dan Glazer of Ripco represented the property owner in that transaction.

“Phenix Salon Suites offers distinctive co-working space for hair stylists and other beauty professionals, and its rapid growth in our region – and nationwide – speaks to the success of this forward-thinking concept,” Townes noted. “The personal services industry is thriving, and it is clear that demand among entrepreneurs within this space will continue unabated. In turn, Phenix has become a sought-after, high-traffic retail tenant. My client continues to target well-located sites throughout our market, including New York’s Five Boroughs, Long Island and Hudson Valley; New Jersey; and Connecticut.”

Founded in 2007, Phenix Salon Suites today maintains more than 250 locations nationally. Entrepreneur Magazine has named the brand on its Top 500 Franchise list for four consecutive years.

Cushman & Wakefield’s 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. The team currently represents more than 1 million square feet of retail space throughout the region.

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.

2019-07-08T11:36:15-04:00July 3rd, 2019|Press Room|0 Comments

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