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SJP Properties Leases Retail Space In Hoboken To Wonder For Gold Coast Location

Property Image
LEASED
$120

New Jersey

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Retail3,700 SF
Leased 07/24/2023
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Property Image
LEASED

SJP Properties Leases Retail Space In Hoboken To Wonder For Gold Coast Location

Retail3,700 SF
Leased 07/24/2023
Contact now

Summary

Asset Type:Retail
Price Per Square Foot:$120
Total Square Footage:3,700 SF
Transaction Type:Lease

SJP Properties has leased 3,700 sq ft of retail space located at 221 River Street in Hoboken to Wonder. The property, known as Waterfront Corporate Center III, will be the location for Wonder's first Gold Coast outpost. The retail space will offer exclusive menus from renowned chefs and award-winning restaurants for delivery, pickup, and dine-in options. The asking rent for the space was $120 per square foot.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: Lease
  • Address: 221 River Street, Hoboken
  • Market: Hoboken

Leading the deal for SJP Properties was Alexander Erdos, while Marta Villa from CBRE represented the landlord in this transaction. Wonder was represented by JP Pirraglia from Ripco Real Estate. Marc Lore and Andrew Gasper are the founders of Wonder and have been instrumental in establishing the company's "Fast Fine" dining concept. The team at Wonder is bringing their unique dining experience to the Gold Coast, marking a significant expansion for the company.

Players

Marta Villa
15 deals$10.1M volume(973) 715-8385
BROKER

JP Pirraglia
Ripco
5 deals
BROKER

SJP Properties
LANDLORD


TENANT

Details

LEASED
IMAGE: Marta Villa & JP Pirraglia DATE: 07/24/2023 ADDRESS: 221 River Street MARKET: Hoboken ASSET TYPE: Retail LANDLORD: SJP Properties (@SJPProperties) - Alexander Erdos TENANT: Wonder - Marc Lore & Andrew Gasper LANDLORD'S REP: Marta Villa - CBRE (@CBRE) TENANT'S REP: JP Pirraglia - Ripco Real Estate (@RipcoRealEstate) ASKING RENT: $120/ft. ~ SF: 3,700 NOTE: SJP Properties has leased 3,700 sq ft of retail space to Wonder at Waterfront Corporate Center III in Hoboken. Wonder, a Marc Lore-founded company, is known for "Fast Fine" dining and will open its first Gold Coast location later this year, offering exclusive menus from renowned chefs and award-winning restaurants for delivery, pickup, and dine-in options.

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Deal Type
Effective Rent (Annual)

$508,996.24

Total Lease Value

$5,089,962.41

Net Landlord Cash Flow$508,996.24