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Phenix Salon Suites Leases 12,657 Square Feet At 727 Broad Street Newark With JLL Representation

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LEASED

New Jersey

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Retail35,646 SF
Leased 10/15/2024
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LEASED

Phenix Salon Suites Leases 12,657 Square Feet At 727 Broad Street Newark With JLL Representation

727 Broad Street & 100 Rosie Square

See Similar Deals
Retail35,646 SF
Leased 10/15/2024
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Summary

NEW JERSEY
Asset Type:Retail
Price Per Square Foot:$0
Total Square Footage:35,646 SF
Transaction Type:Lease

The retail asset involved in the transaction includes a total square footage of 17,823 located at 727 Broad Street in Newark and 100 Rosie Square in Wood Ridge. It is situated within the Newark and Wood Ridge markets, and comprised of two distinct spaces occupied by Phenix Salon Suites.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: Not specified
  • Address: 727 Broad Street & 100 Rosie Square
  • Market: Newark & Wood Ridge
  • Tenant: Phenix Salon Suites
  • Landlord's Representative: Marta Villa - CBRE
  • Tenant's Representatives: Alana Friedman & David Townes - JLL
  • Square Footage: 17,823

JLL has successfully arranged three leases for Phenix Salon Suites in the metro area, including an arrangement for 12,657 square feet at 727 Broad Street in Newark, as well as an additional 5,166 square feet at Avalon at Wesmont Station in Wood-Ridge. In this transaction, Marta Villa from CBRE represented the landlord in Newark while JLL's Alana Friedman and David Townes represented the tenant.

Players

Marta Villa
14 deals$10.1M volume(973) 715-8385
BROKER

David Townes
JLL
15 deals$7.1M volume(973) 829-4800
BROKER

Alana Friedman
JLL
12 deals$7.1M volume(201) 741-0990
BROKER

Details

LEASED
IMAGE: Marta Villa, Alana Friedman & David Townes DATE: 10/15/2024 ADDRESS: 727 Broad Street & 100 Rosie Square MARKET: Newark & Wood Ridge ASSET TYPE: Retail ~ SF: 17,823 TENANT: Phenix Salon Suites LANDLORD'S REP: Marta Villa (@MartapersonVilla) - CBRE TENANT'S REP: Alana Friedman (@Lanigram) & David Townes (@Theretailbrokers) - JLL (@JLL) NOTE: JLL arranged three new leases for Phenix Salon Suites in the metro area, including 12,657 square feet at 727 Broad St. in Newark and 5,166 square feet at Avalon at Wesmont Station in Wood-Ridge. JLL’s David Townes and Alana Friedman represented Phenix, with CBRE's Marta Villa representing ownership in the Newark deal.

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Deal Type
Effective Rent (Annual)

$2,043,207.21

Total Lease Value

$20,432,072.10

Net Landlord Cash Flow$2,043,207.21