RUTHERFORD, NJ (March 1, 2018) – RKF, the country’s leading independent real estate firm specializing in retail leasing, investment sales and consulting services, announced today that it has arranged a 5,000-square-foot lease with CoolVines, in the Modera Lofts at 350 Warren Street in Jersey City. This will be the upscale chain’s second store in Jersey City.
RKF Senior Managing Director Glenn Beyer and Senior Associate Robert Mackowski arranged the lease and represented both the tenant and the landlord, Millcreek Residential, in the transaction.
Conveniently situated a few blocks from the Grove Street PATH Station and the Harborside Light Rail station, CoolVines’ newest Jersey City wine and spirits store will be within the newly renovated Modera Lofts, a 500,000-square-foot former warehouse originally built in 1904. While many of the industrial buildings in the neighborhood have been torn down over the years, this recently renovated structure was preserved and converted into an impressive residential building comprising 366 units.
The Powerhouse Arts District has experienced tremendous revitalization in recent years. Former industrial structures are undergoing extensive redevelopment, attracting residents who want to be near the Hudson River Waterfront Walkway and enjoy astounding views of the New York City skyline. Retailers are relocating here to cater to downtown Jersey City’s growing residential population, including, Club Metro USA, Ample Hills Creamery, Jimmy John’s Cycle Bar, Sprout Market and Powerflow Yoga.
“Jersey City is a thriving hub of dining, culture and retail in the New York metropolitan area,” explained Mackowski. “CoolVines expanded into this market because of the success of its first Jersey City location, which is winning rave reviews for its selection of high-quality wines and spirits. CoolVines will thrive in the Powerhouse Arts District among the neighborhood’s ongoing redevelopment and appealing residential buildings.”
CoolVines is a popular boutique shop founded on the principal that anyone should be able to shop for high-quality wines and spirits without feeling overwhelmed by the process.
In addition to another Jersey City store at 276 Grove Street, the retailer recently commissioned a new store to open at 609 Broad Street in Newark.
The leading independent real estate firm in North America specializing in retail leasing, investment sales and consulting services, RKF serves a broad spectrum of domestic and global clients in services ranging from national tenant and owner representation to advisory, consulting and dispositions. With approximately $40 billion in aggregate real estate transactions to its credit, RKF has been responsible for identifying scores of real estate opportunities throughout North America for leading retailers, restaurants, owners, developers and institutional clients. RKF is headquartered in New York with offices in Chicago, Las Vegas, Los Angeles, Miami, Northern New Jersey, San Francisco, Tokyo and Toronto. RKF operates in Canada as RKF Group Canada Realty, a retail brokerage.
RKF’s New Jersey office is located at 301 Route 17 North, Suite 707, Rutherford, NJ 07070. T: 201.842.7700 www.rkf.com