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400 Springfield Avenue
LEASED

Bubbakos Burritos Signs 10-Year Lease At 400 Springfield Avenue In Berkeley Heights, NJ With Landlord Berkeley Development Co. L.P

400 Springfield Avenue

Retail
2,372 SF
clock iconLeased 1 year ago
Gary Krauss
Christopher (Chris) Conway
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Summary

Lease
NEW JERSEY
Retail
2,372 sqft

Located at 400 Springfield Avenue in Berkeley Heights, NJ, this retail property has recently been leased. The tenant, Bubbakos Burritos, has signed a 10-year lease term with two 5-year options. The landlord of the property is Berkeley Development Co. L.P. The lease was facilitated by Chris Conway and Gary Krauss of an undisclosed agency. The asking rent for the property is $25 per square foot on a triple net lease, with a total space of 2,372 square feet.

Summary of transaction details

  • Property Type: Retail
  • Tenant: Bubbakos Burritos
  • Landlord: Berkeley Development Co. L.P.
  • Brokers: Chris Conway, Gary Krauss
  • Asking Rent: $25/ft. NNN
  • Space: 2,372 square feet

The lease agreement for this retail property showcases the demand for commercial spaces in the Berkeley Heights market. Bubbakos Burritos, a well-known establishment, will now operate their business at 400 Springfield Avenue. This transaction highlights the proficiency of Chris Conway and Gary Krauss, who successfully facilitated the lease on behalf of their respective clients, the tenant and landlord.

Players

  • All

    4

  • Agents

    2

  • Agencies

    2

Gary Krauss's profile picture
Gary Krauss
Pierson Commercial Real Estate-image
Commercial Real Estate Agent
Christopher (Chris) Conway's profile picture
$7.7M Sold

Details

Deal Summary
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LEASED
IMAGE: Chris Conway & Gary Krauss DATE: 07/23/2021 ADDRESS: 400 Springfield Avenue MARKET: Berkeley Heights, NJ ASSET TYPE: Retail TENANT: Bubbakos Burritos (@BubbakoosBurritos) LANDLORD: Berkeley Development Co. L.P. BROKERS: Chris Conway (@Retail_CRE); Gary Krauss (@Gary_Krauss) - (@PiersonCommercial) ASKING RENT: $25/ft. NNN ~ SF: 2,372 NOTE: 10 years lease term with (2) 5 year options

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Address400 Springfield Avenue

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