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Cushman & Wakefield N.J. Retail Team Gains Three New Agencies
Tenant Interest Reflects Surge in Demand for High-End Supply in Regional Market
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-
In Montclair, the team has been selected to market the retail component at Valley & Bloom, a prominent 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-
"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," Erickson said. "These attributes cater perfectly to an active group of regional and national retailers looking to establish or expand their footprints in New Jersey."
Erickson noted that the most active tenant groups at properties catering to upscale demographics include 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.
"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,"
Cushman & Wakefield's New Jersey retail practice represents nearly two dozen New Jersey retail properties totaling more than 250,000 square feet. As tenant representatives, the team also works with a range of regional and national tenants including Hess, Cabela's, Empire-Today, Tom+Chee, AT&T, Project Pie, ASAP Urgent Care, Monkey Joe's, Kool Smiles/Benevis, Cool de Sac, among several others.
Evelyn Weiss Francisco