Niraj Shah Of Wayfair Signs Lease For 86,000 Square Foot Retail Store In Cherry Hill

The property involved in the transaction is a retail asset located at 2000 Route 70 West in Cherry Hill, NJ. The asset spans an area of 86,000 square feet. Wayfair, a home goods e-commerce company, plans to utilize this space for its second New Jersey store as part of its expansion into brick-and-mortar locations, with plans to open the store in late 2028.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: Not specified
• Square Footage: 86,000
• Address: 2000 Route 70 West
• Market: Cherry Hill, NJ
• Tenant: Niraj Shah - Wayfair

Niraj Shah represents Wayfair in this lease transaction, which marks an important development in the retailer's strategy to increase its presence in New Jersey. This location will contribute to Wayfair's growth in physical retailing.