“Main Street” Locations Remain in High Demand in Regional Marketplace
NUTLEY, N.J., June 29, 2018 – Two retail leases at 231-237 Franklin Ave. in Nutley speak to continued demand for quality “main street” locations in Northern New Jersey, according to Cushman & Wakefield’s David Townes. The new tenants – Good Vibes Yoga & Kombucha Bar and Mathnasium – committed to 2,200 and 1,200 square feet, respectively.
Townes, a Cushman & Wakefield retail broker based in East Rutherford, N.J., orchestrated both leases on behalf of the landlord, a private ownership entity.
Good Vibes is an independently owned hot vinyasa yoga studio and Kombucha bar. It will combine a healthy social environment with the individual practice and time for mind and body that yoga provides, bridging community and personal care.
“Boutique fitness – including yoga – is thriving,” Townes said. “Health-conscious Americans are looking for local, highly focused concepts that cater to their specific activity interests. This tenant will surely be a welcome addition for area residents.”
Mathnasium is a math-only learning center with more than 800 locations around the world. The franchise offers programs and tutoring for elementary, middle and high school levels. “Downtown retail remains in high demand in our region,” Townes added. “Nutley, in particular, offers strong demographics – the kind that draw national franchises like Mathnasium. In fact, this lease was signed even before the unit at 231-237 Franklin Ave. formally came online.”
Both Good Vibes Yoga & Kombucha Bar and Mathnasium are expected to open this summer.
About Cushman & Wakefield
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