Commitments Reflect Strength of Dining, Personal Services Categories
BERGEN COUNTY, N.J., April 10, 2019 – Cushman & Wakefield’s New Jersey retail practice has inked six Bergen County leases involving restaurants and personal services tenants. Totaling more than 15,000 square feet, the transactions in Englewood, East Rutherford, Paramus, Rutherford, Westwood and Saddle Brook involve commitments by brands new to and expanding in the local market.
The dining sector remains one of the hottest retail categories, according to Cushman & Wakefield’s David Townes, who spearheaded four recent restaurant leases with Alana Friedman.
- Among the highlights, the team represented Glenmore Management, the owner of 55 West Palisade Ave. in downtown Englewood, in leasing a 5,500-square-foot space to Dulce De Leche, a New Jersey-based regional chain of café-bakeries. Colliers International represented the tenant in that transaction.
- The team also represented Krispy Kreme in a 3,200-square-foot commitment at 51 Route 17 South in East Rutherford. This marks the popular doughnut concept’s first Bergen County location.
- In Paramus, Townes and Friedman represented Firenza Pizza in a 2,000-square-foot lease at Paramus Crossroads, 295 Route 17 South, with Jamie Sackheim and Vicki Ezra from The Dartmouth Company serving as landlord brokers. The restaurant will establish its second location – and first in Bergen County – in an end-cap unit at this new development.
- Additionally, the team served as landlord and tenant representative in The Empanada Shop’s recent lease at 30 Park Ave. in Rutherford. The 1,400-square-foot, downtown restaurant marks the growing chain’s second in Bergen County.
“Restaurants are expanding rapidly in our region and nationwide, and we are fortunate to represent some of the most desirable tenant types,” Townes said. “In our roles as tenant and landlord representatives we are seeing a great synergy as consumers seek both dining convenience and variety in shopping center settings. The same holds true for personal services, where boutique concepts are sought-after additions.”
- To that end, Townes and Friedman, as exclusive leasing agents for 110 Market Street, a newly developed shopping center in Saddle Brook, recently secured a commitment with Moxie Blow Dry and Beauty Bar. The 1,800-square-foot lease marks the fifth Bergen County location for the growing Northern New Jersey chain. There are two spaces remaining available in Saddle Brook, and ownership is seeking unique restaurant concepts for these spaces.
- In Westwood, Friedman represented Muah Makeup & Lash Bar in a direct, 1,650-square-foot lease with The Hampshire Companies at 180 Westwood Ave. Friedman helped to relocate the thriving local business within the downtown area.
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.