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62 New Jersey Highway 4
LEASED

Sportime Pickleball Leases 30,000 SF Retail Space In Englewood With New Facility Expansion

62 New Jersey Highway 4

Retail
30,000 SF
clock iconLeased 65 days ago
Kenji Ota
Kathryn Cruz
Andrew Somple
+ 3
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Summary

Lease
NEW JERSEY
Retail
30,000 sqft

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:

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.

Players

  • All

    7

  • Agents

    5

  • Agencies

    2

Kenji Ota's profile picture
Kenji Ota
Cushman & Wakefield-image
Executive Managing Director
Andrew Somple's profile picture
$48.7M Sold

Details

Deal Summary
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LEASED
IMAGE: 05/09/2024 ADDRESS: 62 New Jersey Highway 4 MARKET: Englewood ASSET TYPE: Retail ~ SF: 30,000 TENANT: Claude Okin - Sportime Pickleball LANDLORD'S REP: Andrew Somple - NAI James E. Hanson TENANT'S REP: Jennifer Konefsky, Kathryn Cruz, Kenji Ota & Neil Seth - Cushman & Wakefield NOTE: Sportime Pickleball, a regional operator, is set to open a new 30,000-square-foot facility with 12 courts in Wayne, Northern New Jersey, at 62 Route 4 E. The lease negotiations were facilitated by representatives from Cushman & Wakefield on behalf of Sportime Pickleball, which is expanding its presence in the area with another 50,000-square-foot facility nearby. The facility is scheduled to open in early 2025, with the landlord being represented by Andrew Somple of NAI James E. Hanson.

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Address62 New Jersey Highway 4

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