BERGENFIELD AND TENAFLY, NJ–Bow Tie Cinemas is expecting CBRE FAMECO to shout "Action!" and sell or lease two of the company's Bergen County theater and retail facilities. Located in Bergenfield and Tenafly, the buildings are currently operating cinemas with additional retail space. Once a tenant is secured for either theater space or a buyer for either building, the theater space would be delivered vacant. Each property has additional retail vacancies available for lease.
The CBRE FAMECO team led by Steven Winters is working with Charles Berger of CBRE's New Jersey Investment Properties team and Elli Klapper of CBRE's New York Investment Properties team to represent Bow Tie Cinemas in the company's search for potential buyers or candidates to lease these unique locations.
“Both properties are unique spaces with great potential for retail or office conversion,” says Winters. “The buildings are not only attractive in and of themselves, but are located in the heart of the downtown section of their respective towns, surrounded by complimentary businesses and parking.”
Located at 58 South Washington Avenue, the Bergenfield property has a total of 18,058 square feet available on two levels for sale. Currently, there are tenants occupying 4,729 square feet of the property, including Empanada Mania and Cusinera on the ground level and Spencer Nyemcheck School of Ballroom Dancing on the second floor. The theater space consists of 7,914 square feet on the first floor and 4,824 square feet on the second floor. Also available is an 881-square-foot retail space on the first floor.
Bow Tie's Tenafly property is located across from the former Tenafly train station at 5 West Railroad Avenue and has 9,534 square feet available for sale. With only one existing tenant on the ground floor level occupying 282 square feet, the remaining 9,252 square feet is available for lease.
The two properties are located in areas with high population density and high median household incomes.
Correction 3/8/2015, 6:35 p.m.: Based on information provided by CBRE's PR firm, an earlier version of this story incorrectly identified Charles Berger and Elli Klapper as members of CBRE FAMECO's team. Berger is part of CBRE's New Jersey Investment Properties Team and Klapper is on CBRE's New York Investment Properties Team.
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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].
