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Launch Entertainment Signs 31,842-Square-Foot Retail Lease In Little Ferry

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LEASED

New Jersey

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Retail31,842 SF
Leased 01/12/2024
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Property Image
LEASED

Launch Entertainment Signs 31,842-Square-Foot Retail Lease In Little Ferry

Retail31,842 SF
Leased 01/12/2024
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Summary

Asset Type:Retail
Price Per Square Foot:$0
Total Square Footage:31,842 SF
Transaction Type:Lease

Launch Entertainment has signed a 31,842-square-foot retail lease at 260 Bergen Turnpike in Little Ferry, part of a grocery-anchored shopping center. The space, formerly occupied by HMart, will now house Launch's family entertainment center. The lease was facilitated by Marta Villa of CBRE on behalf of Bergen Ferry Associates LP.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: Not provided
  • Address: 260 Bergen Turnpike
  • Market: Little Ferry
  • Square Footage: 31,842

The landlord of the property is Bergen Ferry Associates LP, while the tenant is Craig Erlich, who represents Launch Entertainment. Marta Villa of CBRE acted as the landlord's representative, facilitating the lease. Brian Wherty of Equity Retail Brokers served as the tenant's representative. The lease agreement allows Launch Entertainment to establish their family entertainment center in the space, which was previously occupied by HMart.

Players

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

Details

LEASED
IMAGE: Craig Erlich, Marta Villa & Brian Wherty DATE: 01/12/2024 ADDRESS: 260 Bergen Turnpike MARKET: Little Ferry ASSET TYPE: Retail ~ SF: 31,842 LANDLORD: Bergen Ferry Associates LP TENANT: Craig Erlich - Launch Entertainment (@LaunchTrampolinePark) LANDLORD'S REP: Marta Villa (@MartaPersonVilla) - CBRE (@CBRE) TENANT'S REP: Brian Wherty (@BrianWhertyerb) - Equity Retail Brokers (@Equity_Retail) NOTE: Launch Entertainment has signed a 31,842-square-foot retail lease at 260 Bergen Turnpike in Little Ferry, part of a grocery-anchored shopping center. The space, formerly occupied by HMart, will now house Launch's family entertainment center, facilitated by CBRE's Marta Villa on behalf of Bergen Ferry Associates LP.

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Deal Type
Effective Rent (Annual)

$1,825,164.23

Total Lease Value

$18,251,642.25

Net Landlord Cash Flow$1,825,164.23