Affordable gym chain Retro Fitness – known for its low-cost, high-value fitness concept – has leased 16,000 s/f at Twin City Shopping Center in Jersey City
The announcement was made by retail real estate services firm Levin Management, exclusive managing and leasing agent for the 98,000-square-foot shopping center.
Levin’s Senior Leasing Representative Jake Frantzman negotiated the long-term lease, which fills just more than half of a 30,000-square-foot, former big-box space at the property. Hugh Scullin of Katz & Associates represented the tenant.
Retro Fitness was attracted to Twin City Shopping Center’s excellent visibility in a dynamic Hudson County submarket, according to Frantzman.
Recent renovations to the center – including a new façade, new stonework and sidewalk refurbishments – have significantly enhanced the property’s curb appeal, making it more appealing to both tenants and shoppers alike.
“Twin City Shopping Center’s outstanding demographics, convenient on-site parking and proximity to major highways were a tremendous upside for this tenant,” said Frantzman.
“Retro Fitness is a high-traffic retailer that will greatly benefit the center’s existing tenant base. We are confident Retro Fitness, with its high quality club experience and lower price point, will become a wonderful amenity for those who live and work in the community.”
Located at the Jersey City/Bayonne border on Garfield Avenue and West 55th Street, Twin City Shopping Center serves a growing residential population of more than 550,000 people within a five-mile radius. The marketplace offers an average household income of more than $88,000 and a daily traffic count of 35,000 vehicles.
Retro Fitness joins a tenant mix that includes Twin City Supermarket, Buy Rite Liquor and Good Year,.