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2nd Street, StretchLab, Mochimoly, Gong Cha & German Donner Kebob Lease Retail Spaces In Westfield, NJ

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LEASED
Zachary (Zach) Diamond
Andrew Connolly
+ 2

New Jersey

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Retail11,153 SF
Leased 06/23/2023
the dealplayerscompscontact
Property Image
LEASED

2nd Street, StretchLab, Mochimoly, Gong Cha & German Donner Kebob Lease Retail Spaces In Westfield, NJ

125 E Broad Street Westfield, New Jersey 07090, USA

See Similar Deals
Retail11,153 SF
Leased 06/23/2023
Zachary (Zach) Diamond
Andrew Connolly
+ 2
Contact now

Summary

NEW JERSEY
Asset Type:Retail
Price Per Square Foot:$0
Total Square Footage:11,153 SF
Transaction Type:Lease

The recent lease activity in Downtown Westfield, New Jersey, has attracted several notable tenants. One of them is international consignment brand 2nd Street, which secured a 5,812-square-foot space at 167 East Broastad Street. In addition, national health and wellness concept StretchLab has leased a 2,091-square-foot facility at 161 East Broastad Street. Other tenants who have secured spaces in the area include Mochimoly, Gong Cha, and German Donner Kebob. The total square footage of the retail space leased in this transaction is 11,153 square feet.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: Not specified
  • Address: 167, 161, 131, 129 & 125 East Broastad Street
  • Market: Westfield
  • Tenant: 2nd Street, StretchLab, Mochimoly, Gong Cha & German Donner Kebob
  • Landlord's Representative: David Townes & Alana Friedman - JLL
  • Tenant's Representatives: Siegel & Andrew Connolly - Newmark ; Francisco Lugo - Christies International Real Estate ; Zach Diamond - Katz NYC

This lease transaction in Downtown Westfield involved the representation of 2nd Street by their broker representatives, Siegel & Andrew Connolly from Newmark, Francisco Lugo from Christies International Real Estate, and Zach Diamond from Katz NYC. The successful lease agreements highlight the demand for retail spaces in the area and the confidence of these tenants in the local market.

Players

Andrew Connolly
3 deals(212) 351-9357
BROKER

David Townes
JLL
15 deals$7.1M volume(973) 829-4800
BROKER




TENANT

Details

LEASED
IMAGE: David Townes & Alana Friedman DATE: 06/23/2023 ADDRESS: 167, 161, 131, 129 & 125 East Broastad Street MARKET: Westfield ASSET TYPE: Retail ~ SF: 11,153 TENANT: 2nd Street, StretchLab, Mochimoly, Gong Cha & German Donner Kebob LANDLORD'S REP: David Townes & Alana Friedman - JLL (@JLL) TENANT'S REP: Siegel & Andrew Connolly - Newmark (@Newmark); Francisco Lugo - Christies International Real Estate (@ChristiesNJ); Zach Diamond - Katz NYC (@Katz_NYC) NOTE: Downtown Westfield, New Jersey, has seen several lease agreements, including international consignment brand 2nd Street securing a 5,812-square-foot space and national health and wellness concept StretchLab leasing a 2,091-square-foot facility. Other leased spaces include Mochimoly, Gong Cha, and German Donner Kebob.

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Deal Type
Effective Rent (Annual)

$639,283.23

Total Lease Value

$6,392,832.30

Net Landlord Cash Flow$639,283.23