RKF Completes Long-Term Lease for New Jersey Retail Portfolio Totaling 50,000 Square Feet
06/26/2006
06/26/2006
Sub-leases three spaces to Children's Place, New York & Company and La Moda
NEW YORK, NY — Robert K. Futterman & Associates, LLC (RKF), the nation’s leading independent real estate firm specializing in retail leasing and investment sales arranged a long-term lease on behalf of a partnership of investors for six retail buildings in New Jersey totaling 50,000 square feet and subsequently sub-leased spaces in three of the buildings.
RKF Executive Vice President Barry Fishbach represented all parties in the multiple transactions.
The six buildings are: 680 and 698 Main Avenue, Passaic; 3701 Bergenline Avenue, Union City; 145 Smith Street, Perth Amboy; 5800 Bergenline Avenue, West New York; and 414 37th Street, Union City.
Fishbach sub-leased two spaces to national retailers, these are: 3,400 square feet to Children’s Place at 698 Main Avenue and 7,000 square feet to New York & Company at 3701 Bergenline Avenue. An additional 3,500 square feet of retail space was sub-leased to La Moda at 680 Main Avenue.
“This was a rare opportunity to invest in a package of prime retail buildings in several downtown locations in New Jersey,” said Fishbach. “We immediately had interest from several national and local retailers for the available retail spaces in the portfolio.”
RKF had previously secured the leases for Foot Locker and Rainbow Shops--national retailers who also lease space in the portfolio.
The country's leading independent real estate firm specializing in retail leasing and investment sales, Robert K. Futterman & Associates LLC (RKF) serves a broad spectrum of domestic and global clients in services ranging from national tenant and owner representation to advisory, consulting and disposition. With over $4 billion in aggregate real estate transactions to its credit, RKF has been responsible for identifying scores of real estate opportunities throughout the United States for leading American and international chains, retailers, developers and institutional clients. RKF is headquartered in New York with offices in Las Vegas, Los Angeles and San Francisco.
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NEW YORK, NY — Robert K. Futterman & Associates, LLC (RKF), the nation’s leading independent real estate firm specializing in retail leasing and investment sales arranged a long-term lease on behalf of a partnership of investors for six retail buildings in New Jersey totaling 50,000 square feet and subsequently sub-leased spaces in three of the buildings.
RKF Executive Vice President Barry Fishbach represented all parties in the multiple transactions.
The six buildings are: 680 and 698 Main Avenue, Passaic; 3701 Bergenline Avenue, Union City; 145 Smith Street, Perth Amboy; 5800 Bergenline Avenue, West New York; and 414 37th Street, Union City.
Fishbach sub-leased two spaces to national retailers, these are: 3,400 square feet to Children’s Place at 698 Main Avenue and 7,000 square feet to New York & Company at 3701 Bergenline Avenue. An additional 3,500 square feet of retail space was sub-leased to La Moda at 680 Main Avenue.
“This was a rare opportunity to invest in a package of prime retail buildings in several downtown locations in New Jersey,” said Fishbach. “We immediately had interest from several national and local retailers for the available retail spaces in the portfolio.”
RKF had previously secured the leases for Foot Locker and Rainbow Shops--national retailers who also lease space in the portfolio.
The country's leading independent real estate firm specializing in retail leasing and investment sales, Robert K. Futterman & Associates LLC (RKF) serves a broad spectrum of domestic and global clients in services ranging from national tenant and owner representation to advisory, consulting and disposition. With over $4 billion in aggregate real estate transactions to its credit, RKF has been responsible for identifying scores of real estate opportunities throughout the United States for leading American and international chains, retailers, developers and institutional clients. RKF is headquartered in New York with offices in Las Vegas, Los Angeles and San Francisco.
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