C&W inks 5 leases for Phenix Salon Suites

By Emily Bader
New Jersey | Jul 8, 2019 at 11:05 am

Phenix Salon Suites, a salon suite company, has added five locations totaling 28,000 square feet throughout New Jersey, New York and Connecticut, according to Cushman & Wakefield.

David Townes, head of the commercial real estate firm’s East Rutherford retail team, served as the salon’s New York Metropolitan Area leasing agent.

Townes brokered three long-term leases in New Jersey with Alana Friedman. They include:

  • Tinton Falls Plaza, 980 Shrewsbury Ave. in Tinton Falls, 5,962 square feet;
  • Garden State Pavilions, 2240 West Marlton Pike in Cherry Hill, 5,500 square feet;
  • 45 Central Drive in Clark, 5,400 square feet.

In New York, Phenix leased 5,200 square feet at Carmans Plaza, 941 Carmans Road in Massapequa. In Connecticut, the salon leased 6,000 square feet at Golden Crest Plaza, 596 Westport Ave. in Norwalk.

“Phenix Salon Suites offers distinctive co-working space for hair stylists and other beauty professionals, and its rapid growth in our region – and nationwide – speaks to the success of this forward-thinking concept,” Townes said. “The personal services industry is thriving, and it is clear that demand among entrepreneurs within this space will continue unabated. In turn, Phenix has become a sought-after, high-traffic retail tenant. My client continues to target well-located sites throughout our market, including New York’s Five Boroughs, Long Island and Hudson Valley; New Jersey; and Connecticut.”

Phenix, which was founded in 2007, currently has more than 250 locations nationally.

Financial terms were not disclosed.

Emily Bader | ebader@roi-nj.com | emilybader