Bubbakos Burritos Signs 10-Year Lease At 400 Springfield Avenue In Berkeley Heights, NJ With Landlord Berkeley Development Co. L.P
400 Springfield Avenue
2,372 SF
Summary
Located at 400 Springfield Avenue in Berkeley Heights, NJ, this retail property has recently been leased. The tenant, Bubbakos Burritos, has signed a 10-year lease term with two 5-year options. The landlord of the property is Berkeley Development Co. L.P. The lease was facilitated by Chris Conway and Gary Krauss of an undisclosed agency. The asking rent for the property is $25 per square foot on a triple net lease, with a total space of 2,372 square feet.
Summary of transaction details
- Property Type: Retail
- Tenant: Bubbakos Burritos
- Landlord: Berkeley Development Co. L.P.
- Brokers: Chris Conway, Gary Krauss
- Asking Rent: $25/ft. NNN
- Space: 2,372 square feet
The lease agreement for this retail property showcases the demand for commercial spaces in the Berkeley Heights market. Bubbakos Burritos, a well-known establishment, will now operate their business at 400 Springfield Avenue. This transaction highlights the proficiency of Chris Conway and Gary Krauss, who successfully facilitated the lease on behalf of their respective clients, the tenant and landlord.
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