The property involved in the deal is a retail asset with a total square footage of 80,000. The leases were signed for two locations - 77 Willowbrook Boulevard in Wayne and 62 New Jersey Highway 4 in Englewood. Cushman & Wakefield and NAI James E. Hanson were the brokerages involved in facilitating the long-term leases for Sportime Pickleball, a division of Sportime Clubs.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: Not specified
• Address: 77 Willowbrook Boulevard & 62 New Jersey Highway 4
• Market: Wayne & Englewood
• Tenant: Claude Okin - Sportime Pickleball
• Cushman & Wakefield Brokers: Jennifer Konefsky, Kathryn Cruz, Kenji Ota, Neil Seth
• NAI James E. Hanson Broker: Andrew Somple

The leases for the two locations in New Jersey were handled by a group of experienced brokers. Sportime Pickleball's principal, Daren Hornig, expressed enthusiasm for opening these clubs, which will feature dedicated Pickleball courts. Plans are in place for the clubs to open in the Fall of 2024 and the first quarter of 2025.