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Barnes & Noble Leases 13,875 SF Retail Space At The Shops At Ledgewood Commons Ledgewood, NJ

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LEASED
Shane Wierks
Marc Palestina
+ 2

New Jersey

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Retail13,875 SF
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Property Image
LEASED

Barnes & Noble Leases 13,875 SF Retail Space At The Shops At Ledgewood Commons Ledgewood, NJ

461 Route 10 East

See Similar Deals
Retail13,875 SF
Leased
Shane Wierks
Marc Palestina
+ 2
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Summary

NEW JERSEY
Asset Type:Retail
Price Per Square Foot:$0
Total Square Footage:13875 SF
Transaction Type:Lease

Barnes & Noble has signed a lease to open a 13,875-square-foot bookstore in Ledgewood, NJ. The new store will be located at 461 Route 10, as part of The Shops at Ledgewood Commons, a redevelopment of the former Ledgewood Mall.

Summary of transaction details

  • Property Type: Retail
  • Square Footage: 13,875
  • Address: 461 Route 10, Ledgewood, NJ
  • Market: Ledgewood

The lease agreement was facilitated by the following representatives:

Note: The lease transaction was arranged by Chuck Lanyard and Marc Palestina of The Goldstein Group, representing Barnes & Noble, and Mike Testa, Shane Wierks, and Bill Farkas of Jeffery Realty, representing the landlord.

Players

24 deals$116.4M volume(201) 799-9665
BROKER


Shane Wierks
Jeffery Realty
8 deals$16.4M volume
BROKER

William (Bill) Farkas
Catalyst Real Estate Partners
8 deals$42.9M volume(973) 223-6600
BROKER

Details

LEASED
IMAGE: James Daunt, Mike Testa, Bill Farkas, Shane Wierks, Chuck Lanyard & Marc Palestina DATE: 02/14/2024 ADDRESS: 461 Route 10 MARKET: Ledgewood ASSET TYPE: Retail ~ SF: 13,875 TENANT: James Daunt - Barnes & Noble (@BarnesandNoble) LANDLORD'S REP: Mike Testa, Bill Farkas & Shane Wierks (@ShaneMichaelRE) - Jeffery Realty (@JefferyRealty) TENANT'S REP: Chuck Lanyard (@Chucklll1948) & Marc Palestina (@Marc_Pal) - The Goldstein Group NOTE: Barnes & Noble is opening a 13,875-square-foot bookstore in Ledgewood, NJ, as part of The Shops at Ledgewood Commons, a redevelopment of the former Ledgewood Mall. The lease was facilitated by Marc Palestina and Chuck Lanyard of The Goldstein Group for Barnes & Noble and Mike Testa, Shane Wierks, and Bill Farkas of Jeffery Realty for the landlord.

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Deal Type
Effective Rent (Annual)

$795,306.63

Total Lease Value

$7,953,066.27

Net Landlord Cash Flow$795,306.63