Despite market fluctuations and concerns on inflation, the retail market remains stable in New Jersey. Indicative of this, the CBRE Retail Services team of Marta Villa and Samuel Bernhaut have completed four new retail leases throughout the New Jersey market.
Among the most recently completed deals the team arranged are:
Masa Chip’s 6,000 sq. ft. lease at 600 Corporate Ancient Grains in Lebanon for a production kitchen An adult daycare facility inked a 30,000 sq. ft. lease at 323 Bergen Blvd. in Fairview in a deal arranged by Michelle Choi of Alpine Global on behalf of the tenant Superfresh’s 25,000 sq. ft., 25-year lease commitment at 435 Lexington Avenue in Clifton, negotiated
by Joel Dicker of Bennett Realty for the tenant; and Fitness Superstore’s 7,175 sq. ft. lease at 461 US Highway 46 in Fairfield
“Despite concerns over inflation, New Jersey’s retail market continues to attract new tenants,” said Ms. Villa. “In the past few months, we have completed a number of long-term leases with major tenants looking to expand in the market.”
“It has been great working with Marta again after her return to CBRE earlier in the year,” added Mr. Bernhaut. “After a very successful 2022, Marta and I look forward to expanding our collaboration into the new year.”