RUTHERFORD, NJ — RKF, a Newmark company (RKF), announced that it has been named the exclusive retail leasing agent for Maxwell’s Tavern—the iconic landmark rock-venue and restaurant, located at the southeast corner of Washington and 11th Streets in Hoboken, New Jersey.
The RKF leasing team of Managing Director Jerry Rockoff and Associate Director Robert Mackowski are marketing the opportunity at 1039 Washington Street on behalf of the landlord.
The 3,565-square-foot space benefits from its position on a highly visible corner. With 147 feet of wraparound frontage, this is a unique opportunity for a restaurant—or lifestyle retailer wanting to incorporate a dining component—to capture the passersby along a residentially-dense, highly-trafficked retail corridor. Importantly, the new tenant may keep the nationally-recognized name of this long-standing pillar of the Hoboken music community.
“Colorful in its composite of cultures and dynamic in its retail offerings, Hoboken has become a hotspot for young professionals who work nearby and in New York City,” explained Rockoff. “1039 Washington Street boasts high visibility, and its prominent position on Hoboken’s main street means this space sees incredibly robust, seven-day foot traffic. Maxwell Tavern was a celebrated venue with a place in Hoboken’s rich history.”
Rockoff added, “From celebrity chef-driven concepts to fast-casual gourmet cafés, this is truly a unique opportunity for a restauranteur to reposition and revitalize the venue, leverage its incredible name-recognition—as well as the area’s affluent demographics—and carry that heritage forward with a new concept.”
Maxwell’s Tavern was the site of performances of some of the most well-known names in music, including Nirvana, Oasis, Yo La Tengo, REM, and Red Hot Chili Peppers, but also as the site of Bruce Springsteen’s 1985 “Glory Days” music video, and, more recently, Justin Timberlake’s “Take Back the Night” video.
A new restaurant would be in good company with established neighbors that include Sorelina Kitchen & Wine Bar, BWE Cafe, M&T Bank, Amanda’s Restaurant, Augustino’s Restaurant, Elysian Cafe, Massage Envy, European Wax Center, Starbucks, Tosti, La Isla, City of Saints Coffee, Urban Coalhouse Pizza & Bar and Kings Supermarket.
RKF, a Newmark company (RKF), is one of the leading commercial real estate brokerage firms in the US focused exclusively on retail leasing and investment sales. Serving a broad spectrum of domestic and global clients for more than 20 years in services ranging from national tenant and owner representation to advisory, acquisitions and dispositions, RKF has been responsible for identifying scores of real estate opportunities for leading retailers, restaurants, owners, developers and institutional clients.
RKF is owned by Newmark Group, Inc. (“Newmark Group”) (NASDAQ: NMRK) which, under the Newmark Knight Frank name, offers a complete suite of services and products for both owners and occupiers. Together with London-based partner Knight Frank and independently-owned offices, Newmark Knight Frank’s 16,000 professionals operate from approximately 430 offices on six continents. Newmark Knight Frank’s investor/owner services and products include investment sales, agency leasing, property management, valuation and advisory, diligence, underwriting, government-sponsored enterprise lending, loan servicing, debt and structured finance and loan sales. Occupier services and products include tenant representation, real estate management technology systems, workplace and occupancy strategy, global corporate services consulting, project management, lease administration and facilities management. For further information, visit www.ngkf.com.
Discussion of Forward-Looking Statements about Newmark Group, Inc.
Statements in this document regarding Newmark Group that are not historical facts are “forward-looking statements” that involve risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements. Except as required by law, Newmark Group undertakes no obligation to update any forward-looking statements. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see Newmark Group’s Securities and Exchange Commission filings, including, but not limited to, any updates to such risk factors contained in subsequent Forms 10-K, 10-Q, or Forms 8-K.