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Subzi Mandi Leases 16,000 SF Retail Space At Clifton Plaza In Clifton

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LEASED

New Jersey

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Retail16,000 SF
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LEASED

Subzi Mandi Leases 16,000 SF Retail Space At Clifton Plaza In Clifton

1006 US Route 46

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Retail16,000 SF
Leased
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Summary

NEW JERSEY
Asset Type:Retail
Price Per Square Foot:$0
Total Square Footage:16000 SF
Transaction Type:Lease

Indian supermarket Subzi Mandi has leased 16,000 square feet at Clifton Plaza in Clifton, bringing the Passaic County shopping center to full occupancy. The retail space, located at 1006 US Route 46, is owned by Levin Management Corp. The lease transaction was facilitated by LMC Senior Leasing Representative Vanessa Fernandez-Kelty. Clifton Plaza, strategically located, attracts 1.5 million visits annually, making it an ideal location for Subzi Mandi's niche appeal.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: Not available
  • Square Footage: 16,000
  • Address: 1006 US Route 46
  • Market: Clifton

Ravinder Narula, the tenant, represented Subzi Mandi in the lease transaction. Leor Hemo from Vantage Commercial served as Subzi Mandi's representative. Levin Management Corp was represented by their leasing representative, Vanessa Fernandez-Kelty. The deal was made possible due to Subzi Mandi's niche appeal and the strategic location of Clifton Plaza.

Players

Vanessa Fernandez-Kelty
4 deals(908) 226-5269
BROKER

Leor Hemo
Vantage Commercial
2 deals
BROKER

Details

LEASED
IMAGE: Ravinder Narula, Vanessa Fernandez-Kelty & Leor Hemo DATE: 11/21/2023 ADDRESS: 1006 US Route 46 MARKET: Clifton ASSET TYPE: Retail ~ SF: 16,000 LANDLORD: Levin Management Corp. TENANT: Subzi Mandi (@SubziMandi_) - Ravinder Narula LANDLORD'S REP: Vanessa Fernandez-Kelty - Levin Management Corp. (@LevinMgt) TENANT'S REP: Leor Hemo - Vantage Commercial (@VantageCommercial) NOTE: Indian supermarket Subzi Mandi has leased 16,000 square feet at Clifton Plaza, bringing the Passaic County shopping center to full occupancy. LMC Senior Leasing Representative Vanessa Kelty facilitated the deal, citing Subzi Mandi's niche appeal and the strategic location of Clifton Plaza, which draws 1.5 million visits annually.

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Deal Type
Effective Rent (Annual)

$917,110.34

Total Lease Value

$9,171,103.45

Net Landlord Cash Flow$917,110.34