Despite market fluctuations and concerns on inflation, the retail market remains stable in New Jersey. Proof in point: The CBRE Retail Services team of Marta Villa and Samuel Bernhaut have completed four new retail leases throughout the New Jersey market recently, according to a Wednesday announcement.
Among the most recently completed deals the team arranged are:
- Masa Chip’s 6,000-square-foot lease at 600 Corporate Drive in Lebanon for a production kitchen;
- An adult day care facility inked a 30,000-square-foot lease at 323 Bergen Blvd. in Fairview in a deal arranged by Michelle Choi of Alpine Global on behalf of the tenant;
- Superfresh’s 25,000-square-foot, 25-year lease commitment at 435 Lexington Ave. in Clifton, negotiated by Joel Dicker of Bennett Realty for the tenant; and
- Fitness Superstore’s 7,175-square-foot lease at 461 U.S. Highway 46 in Fairfield.
“Despite concerns over inflation, New Jersey’s retail market continues to attract new tenants,” Villa stated. “In the past few months, we have completed a number of long-term leases with major tenants looking to expand in the market.”
“It has been great working with Marta again after her return to CBRE earlier in the year,” Bernhaut said. “After a very successful 2022, Marta and I look forward to expanding our collaboration into the new year.”