The retail property located at 62 New Jersey Highway 4 in Englewood, spanning 30,000 square feet, was leased out in a transaction dated May 9, 2024. The new tenant, Claude Okin of Sportime Pickleball, will be utilizing the space for a 12-court facility, expanding their operations in Wayne, Northern New Jersey.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: Not specified
• Tenant: Claude Okin - Sportime Pickleball
• Tenant's Representative: Jennifer Konefsky, Kathryn Cruz, Kenji Ota & Neil Seth - Cushman & Wakefield
• Landlord's Representative: Andrew Somple - NAI James E. Hanson

The negotiations for this lease were spearheaded by the representatives from Cushman & Wakefield on behalf of Sportime Pickleball. The facility, set to open in early 2025, is part of Sportime Pickleball's strategic expansion, which includes another 50,000-square-foot facility in the vicinity. Andrew Somple of NAI James E. Hanson represented the landlord in this transaction.