EAST RUTHERFORD, NJ—Upscale tenants continue to seek quality, well-located space, says Nancy Erickson, director for Cushman & Wakefield. C&W has picked up three new leasing agency assignments in Morris, Essex and Hudson counties.
Erickson says the primary businesses driving leasing activity at properties catering to upscale demographics are sit-down casual dining; specialized fitness such as rowing and spinning; preschools; and health and beauty, including emerging concepts like franchise massage and blow dry bars.
“These are three very different projects in three distinct markets, yet they all sit in densely populated, higher-income neighborhoods with excellent daily traffic counts,” says Erickson. “These attributes cater perfectly to an active group of regional and national retailers looking to establish or expand their footprints in New Jersey.”
In Chester, Erickson and her colleagues Jennifer Sofia and Kelly Calamia are heading an effort to refine and enhance the tenant mix at The Streets of Chester Shopping Center, a 104,000-square-foot lifestyle center located at 207 U.S. 206 South. The upscale property already serves as home to White House/Black Market, Chicos, Gap, Banana Republic, Ann Taylor, Talbots, Charming Charlie's, Country Curtains, Plow & Hearth and Elements Salon, in addition to several other national brands.
In Montclair, the team has been selected to market the retail component at Valley & Bloom, a mixed-use redevelopment under construction at 638 Bloomfield Ave. The project will include 25,500 square feet of street-level retail space, along with multifamily and professional office components in two buildings.
The team also is marketing 12,000 square feet of street-level retail at Newport's 499 Washington Blvd. in Jersey City. The 600,000-square-foot office tower is located in Newport, the well-known, 300-acre mixed-use Hudson River waterfront development.
“We are in discussion with close to one dozen retailers interested in breaking into our market by leasing at one – or more – of these three properties,” says Erickson. “Our clients are enjoying this renewed momentum and the opportunity to create fresh tenant mixes that will distinguish and drive traffic to their projects.”
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Steve Lubetkin
Steve Lubetkin is the New Jersey and Philadelphia editor for GlobeSt.com. He is currently filling in covering Chicago and Midwest markets until a new permanent editor is named. He previously filled in covering Atlanta. Steve’s journalism background includes print and broadcast reporting for NJ news organizations. His audio and video work for GlobeSt.com has been honored by the Garden State Journalists Association, and he has also been recognized for video by the New Jersey Chapter of the Society of Professional Journalists. He has produced audio podcasts on CRE topics for the NAR Commercial Division and the CCIM Institute. Steve has also served (from August 2017 to March 2018) as national broadcast news correspondent for CEOReport.com, a news website focused on practical advice for senior executives in small- and medium-sized companies. Steve also reports on-camera and covers conferences for NJSpotlight.com, a public policy news coverage website focused on New Jersey government and industry; and for clients of StateBroadcastNews.com, a division of The Lubetkin Media Companies LLC. Steve has been the computer columnist for the Jewish Community Voice of Southern New Jersey, since 1996. Steve is co-author, with Toronto-based podcasting pioneer Donna Papacosta, of the book, The Business of Podcasting: How to Take Your Podcasting Passion from the Personal to the Professional. You can email Steve at [email protected].
