Wendy's Signs Lease For Retail Space In West New York, NJ

Bergenline Holdings LLC, represented by Motty Charnas & Benny Katz, has leased a retail space located at 5005 Bergenline Avenue in West New York, NJ. The tenant, Wendy’s, signed a lease agreement for a 3,300 square foot space with an asking rent of $65 per square foot. The lease terms include a 10-year term with three 5-year options.

Summary of transation details

• Property Type: Retail
• Transaction Amount: Lease
• Address: 5005 Bergenline Avenue, West New York, NJ
• Market: West New York, NJ
• Landlord: Motty Charnas & Benny Katz - Bergenline Holdings LLC
• Tenant: Wendy’s
• Asking Rent: $65/ft.
• Square Footage: 3,300
• Lease Terms: 10 years, (3) 5-year options

Christopher Conway and Roy Paret from The Goldstein Group represented the landlord, while Neil Goldstein and John Ostrowski, also from The Goldstein Group, represented the tenant. The deal was completed on October 15, 2021. It is worth noting that the surrounding area within a 2-block radius around the lightrail has been experiencing increasing property prices.