Tory Bartlett Inks Lease For PopUp Bagels New Retail Location In Westfield For 1,500 SF
220 South Avenue West
Building Size
1,500 SF
Asset Type
Retail
Closing
Jul 13, 2026
AI
The property involved in this lease transaction is a retail space located at 220 South Avenue in Westfield, NJ. The asset comprises 1,500 square feet, which will host PopUp Bagels' first New Jersey location. The leasing arrangement allows for the potential expansion of the bagel chain within the state.
Summary of transation details:
- Property Type: Retail
- Transaction Amount: Not Disclosed
- Address: 220 South Avenue
- Market: Westfield, NJ
- Square Footage: 1,500
- Landlord: Matthew Harding - Levin Management Corp
- Tenant: Tory Bartlett - PopUp Bagels
- Brokers: Mike Testa & Matthew Kenderian - Catalyst Real Estate Partners
This transaction marks a significant development for the tenant, as PopUp Bagels is set to introduce a store designed for commuter accessibility, positioning the chain for a statewide expansion expected to exceed 25 locations across New Jersey. Levin Management Corp. acted as the representative for the landlord in this lease agreement.
Players
Westfield Retail Market Snapshot
Boundary boundary · Retail · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93