Katz & Associates’ Brian Katz and Amy Staats engaged to reposition Totowa Square, and were able to secure several national top-notch, big box tenants — taking the plaza from 57% vacancy to 97% occupied.
Katz and Staats, exclusive leasing agents for Totowa Square, filled 137,500 square feet with signed leases with:
- Marshalls (50,000 square feet), now open;
- Total Wine (32,500 square feet), now open;
- HomeSense (30,000 square feet), slated to open in October;
- Aldi (25,000 square feet), which signed in Q3 2019 and opened in Q3 2020.
Totowa Square, the 258,000-square-foot power center located off of Interstate 80 on Route 46 West in Totowa, features extraordinary access and visibility, a new façade and abundant parking. These new stores, which join Hobby Lobby at the center, are replacing big boxes formerly occupied by Babies R Us, Bob’s Stores, Toys R Us and Office Depot.
“It’s exciting to help revamp Totowa Square with Aldi, HomeSense, Marshalls and Total Wine — high-quality stores that will revitalize the center in this top-tier suburban trade area,” Katz, the firm’s CEO, stated.
Katz & Associates began operations in January 1996. The company currently maintains offices in New Jersey, New York City, Charlotte, North Carolina, Boca Raton, Florida, and Nashville, Tennessee. Katz & Associates’ primary focus is assisting retailers, restaurants and landlords in all capacities, including strategic planning, market analysis, lease and sale negotiations and dispositions. Our team of seasoned veterans has decades of experience and invaluable market knowledge.