NAI James E. Hanson negotiated the lease of 2,800 square feet of newly renovated retail space at 101D Portland Ave. in Bergenfield.
NAI Hanson’s Anthony Cassano, vice president, represented both the landlord, 101 Portland Ave LLC, and the tenant, New Grand Supermarket, in the transaction.
Located within an active strip in the heart of Bergenfield, the property is a one-story, 9,694-square-foot shopping center with unrivaled access to over 170,000 residents within a three-mile radius. Directly across the street from the Bergenfield Middle School, New Grand Supermarket’s newly renovated space boasts 35-foot frontage, modern roof-mounted HVAC units and ample on-site parking.
Earlier in 2022, Hanson also negotiated a 2,450-square-foot lease with SportsCare Physical Therapy at the property. The lease with New Grand Supermarket brings the shopping center to fully leased.
“When a retailer is searching for a new space, there are many features they are hoping to check off their wish list that can often be difficult to find in one property,” Cassano said. “101 Portland Ave.’s premium location and ideal population density met New Grand Supermarket’s specific needs, and its easily adaptable layout will ensure their business will find long-term success at the property.”
