CBRE recently announced the completion of four leases totaling more than 20,000 square feet with retail tenants in Middlesex, Carlstadt, Hoboken and Princeton.
“The New Jersey retail leasing market is seeing increased velocity, with regional retail spending up year-over-year and tenant demand bringing retail vacancies down to pre-pandemic rates in many areas,” Marta Villa, a senior vice president in CBRE’s Florham Park office, said.
Rymar Flooring, a certified flooring company specializing in commercial and residential sales and installation of all types of floor covering, signed a 10,000-square-foot sublease at 435 Oehler Place in Carlstadt. CBRE represented the sublandlord in the deal. The tenant was represented by Alex Rosenberg of Team Resources in a sublease for the remainder of the original lease term of 2.6 years.
Focus Martial Arts, a community-based program in which children, teens, and adults train in various martial arts styles to improve their physical and mental skills, signed a 4,268-square-foot new lease at 700 Union Ave. in Middlesex. CBRE represented the owner, Main Land Middlesex, in a direct deal with tenant.
Wonder, formerly a chef-prepared home delivery provider, is now opening restaurant locations with multiple cuisine options under one roof. Wonder signed a 10-year, 3,700 square-foot lease at the Waterfront Corporate Center III at 221 River St. in Hoboken. CBRE represented the owner, SJP Properties, and the tenant was represented by Jon Paul Pirraglia of Ripco.
In the final deal, Rumble Boxing Gym signed a 2,900 square-foot lease at the Windsor Green Shopping Center in Princeton. Villa represented the tenant, a franchisee of Rumble called Iron Ventures of New Jersey, in the deal at the Whole Foods-anchored center owned and managed by Mainardi Management Co. of Wayne. Rick Mainardi represented the owner in the negotiations.
