Indian Stream has lease a 12,000-square-foot retail building in Parsippany to open an Indian grocery store, according to NAI James E. Hanson.
NAI Hanson’s Darren Lizzack and Randy Horning negotiated the lease for 120 Route 46 and represented the landlord, Peak Realty Associates LLC, and the tenant, in the deal.
“For retail landlords, the seemingly constant negativity surrounding the sector can make it appear difficult to secure tenants in the current climate,” Lizzack said. “However, through our ability to execute creative marketing strategies and leverage our local market knowledge, our team is well-equipped to find suitable retail tenants on behalf of our clients in this challenging market.”
The building is located within close proximity to Interstate 80 and 287, and features 122 feet of highway frontage and 86 parking spots. It also has an attached warehouse, one tailgate and one drive-in.
“We take great pride in our understanding of local retail real estate markets. This allows us to provide our clients with the strategic counsel they need to make informed and data-driven real estate decisions in a variety of economic climates. This expertise enabled us to help our client secure a space in line with their needs, which ensures they can profitably operate their business while servicing the local community,” Horning said.