The Goldstein Group Announces Scott Milich Promoted to Vice President

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PARAMUS, NJ (2018) – Chuck Lanyard , President of The Goldstein Group, New Jersey’s leading retail real estate brokerage firm, announced that Scott Milich has been promoted to Vice President at the firm.

“Scott has been with the company since 2012 and his promotion is well earned,” stated Lanyard.  “Scott’s experience and vast knowledge of the Rockland/Orange County NY markets have garnered many assignments for him and the company as he has represented major local, regional and national landlords, retailers and restaurants.  Scott has been the ”go to” person for retail in the region.

Scott is a seasoned real estate professional who has over 25 years of experienced as an owner, developer and restaurant operator.  He is licensed in New York and New Jersey.

He has worked with such notable landlords such as Acadia Realty, Urstadt Biddle, Brixmor, Newton Associates, Toll Brothers, National Development, Kamber Management and Cyzner Properties.  On the tenant side, he has worked with Moes SW Grill, Taco Bell, Wendys, Mavis Tire, Dunkin Donuts, Popeyes, AFC Urgent Care, Speedway, Jenny Craig and Woody’s BBQ.

Scott has been a member of the ICSC for many years and volunteers his time with several charities in the Rockland County area.

About The Goldstein Group

The Goldstein Group, New Jersey’s leading full-service commercial real estate brokerage firm, specializes in owner representation, retailer representation, investment sales and management services. The firm, founded in 1986, represents over 12,000,000 square feet of retail space and numerous national and regional retailers and restaurants. The Company is the New Jersey member of the Retail Brokers Network. As an RBN affiliate, The Goldstein Group provides clients assistance throughout the United States with qualified retail specialists in over 65 offices in the United States and Canada.

For more information on the Retail Brokers Network, visit: www.retailbrokersnetwork.com

For more information, contact Chuck Lanyard at (201) 703-9700, extension 115 or visit the Company’s website at www.thegoldsteingroup.com.

The Goldstein Group Welcomes Mark Sher to Their Team

headshot_Mark_8x6PARAMUS, NJ (SEPTEMBER, 2018) – Chuck Lanyard, President of  The Goldstein Group, New Jersey’s leading retail real estate brokerage firm, announced that Mark Sher has joined the firm as part of the company’s continuing expansion plans of their leasing and sales team.

“We are pleased to welcome Mark to our team,” stated Chuck Lanyard, President of The Goldstein Group. “With Mark’s vast business experiences and enthusiastic approach to business, we look forward to his contribution to the success of our company.”

Mark Sher has had an immensely diverse business background prior to coming to The Goldstein Group. He has been a consultant to property owners, developers and investors since getting his New Jersey real estate license in 2001. Additionally, Mark originated an e-commerce and retail clothing business for the past 17 years. He also owned and operated a high volume restaurant and catering business at the Rutgers University campus in New Brunswick in the late 1990’s.

Mark has also been a bond trader with Gibraltar Securities and leverages that experience in analyzing complex investment opportunities and economic trends.

About The Goldstein Group

Based in Paramus, N.J., The Goldstein Group was founded in 1986 with a retail focused dedication to providing retail real estate services to its broad customer base. The Goldstein Group puts the best interests of our clients first by offering personal attention, sophisticated research, and strategic business advice. The Goldstein Group represents over 12,000,000 square feet of retail properties, as well numerous national, regional and local retailers and restaurants on an exclusive or preferred basis.

More information on The Goldstein Group and TGG Urban can be found on the company’s website: www.TheGoldsteinGroup.com

2018 Report Shows Retail Vacancy Rate Increases as Retail Environment Changes

2018 Report Shows Retail Vacancy Rate Increases
as Retail Environment Changes

22 Retail Corridors, Totaling Over 4,250 Properties Surveyed

PARAMUS, N.J. (2018) – The retail vacancy rate has increased by almost .4% since last years survey done in the summer of 2017, according to the results of The Goldstein Group’s survey of 22 retail corridors in Northern and Central New Jersey. The survey, the most extensive retail vacancy report for Northern/Central New Jersey, totals over 4,250 properties and over 100 million square feet of retail space.  The retail vacancy rate is now at 7.04 percent.  Although retailers/restaurants continue to lease retail space, others are closing down locations including some big box tenants who have been part of the retail landscape for many years.  New Jersey is still doing better in filling retail spaces, compared to the rest of the United States, where vacancies still average closer to 9% -10% nationwide.

“The increase in the vacancy rate mostly can be attributable to the Toys R Us/Babies R Us closures along with other retailers such as Kmart, Sears, Sports Authority and Mattress Firm that are closing down locations”, noted Chuck Lanyard, President of the Goldstein Group. “There is a major transformation in retail today, as landlords and retailers are working through a process of the impact of downsizing the stores, internet sales, and the increasing effort on retailers to create that unique experience to still drive people into traditional brick-and-mortar stores. Additionally, interestingly enough, we are also seeing longtime catalog retailers and internet only retailers such as Lands End, Untuckit clothing and Casper Mattress opening bricks and mortar stores for the first time”

In New Jersey, supermarket activity has been very strong, as new supermarkets are opening up, and others are in the planning stages. Restaurants have been very active, many expanding their units due to the success of their prior New Jersey locations. Urgent care facilities and other types of medical services continue to expand, and numerous types of furniture and home furnishings accessory stores are either expanding or coming to the New Jersey marketplace for the first time. Entertainment concepts, notably trampoline centers, indoor sky diving facilities, restaurant and entertainment facilities such as Dave & Busters are coming to New Jersey in a big way.

Sky Zone has opened several locations. I Fly opened in Paramus, and there are gun and pistol ranges soon to pen in Union, Wayne and Woodland Park. And of course, the ultimate in entertainment centers, the opening of the long awaited Meadowlands American Dream complex, is now slated to open its doors in mid 2019, as construction is going full steam ahead.

 New Jersey Retail Vacancy Rate

Strongest & Weakest Submarkets

The strongest retail markets with the lowest availability rates include:  Route 3 – Clifton (1.33%); Route 17- Ramsey-Mahwah (3.51%); Route 22 – Union/Springfield (3.91%); Route 1 – Woodbridge/Edison (4.85%);

Markets with the highest vacancy rates include: Route 18 – East Brunswick (15.82%); Route 10 –Toms River- Hooper Avenue (11.36%); Morris Plains/Ledgewood (9.45%); Route 70 – Brick (9.39%); Route 35 – Hazlet/Middletown (8.81%)Highs-Lows

“There was a continued increase in leasing activity throughout 2018 with several markets having minimal space available in corridors such as Route 3 Clifton, Route 22 Union/Springfield, Route 1 Woodbridge/Edison, Route 17 Ramsey/Mahwah,” said Lanyard.  “Both national and regional retailers that continue to expand in the state include LA Fitness, 24 Hour Fitness, Chipotle, Aldi, Costco, Dollar General, Jersey Mike’s, T-Mobile, Quick Chek, Panera Bread, and Wawa.”

Leasing velocity in this current report totaled over 3.3 million square feet. Additionally, there’s over 1 million square feet of space currently being built and other projects in the planning stages throughout various communities in New Jersey including Paramus, Rochelle Park/Rutherford, Totowa/Fairfield, Wayne/Butler, Livingston/East Hanover, Morris Plains/Ledgewood, Montville/Rockaway, Union/Springfield, Scotch Plains/Bridgewater, North Brunswick/Lawrence Township, East Brunswick, Sayreville/Howell, Shrewsbury/Ocean, and Brick.

The Goldstein Group Vacancy Survey Matrix

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Although the retail market has substantially improved from the recession that hit in 2008 and 2009, we still continue to see vacant space due to closings of Toys R Us, Babies R Us, Kmart, Sears, Mattress Firm, Macaroni Grill, Payless, Ruby Tuesday, and Staples. We’re also seeing banks such as M&T Bank, Capital One, Wells Fargo, TD Bank, Bank of America and Valley National Bank announce closings of select branches.

Active Retailers in the Marketplace

The majority of leasing activity continues to be driven by retailers opening small stores in the under 5,000 square feet range. However, there was a continued spike in big box retailers taking advantage of favorable market conditions and rental rates, especially those who have filled or are looking to fill some of the still vacant A&P and Pathmark supermarkets spaces as well as the Sports Authority locations that closed in 2016. Now there are more opportunities with Toys R Us/Babies R Us and more Kmart/Sears stores coming on the market.  Some of the past years bigger box deals include LA Fitness in Lodi, Brick, Howell, Clifton, Newark & Lawrence Township, Aldi in Flemington, Livingston & Wall, Bob’s Discount Furniture in Union, Burlington Coat Factory in East Brunswick, Clifton, Garfield, Paramus & Newark, Hmart in Paramus, Home Goods in Brick, Lidl in Hazlet, Eatontown & Union, Raymour & Flanigan in Paramus & West Windsor, Trader Joe’s in Hoboken & North Brunswick, Target in Parsippany & Closter, Wegmans in Hanover, Montvale, & Middletown, Whole Foods in Bridgewater, Closter, Metuchen, Wayne, Weehawken & Newark.  Restoration Hardware in West Windsor, 99 Ranch in Hackensack & Edison, Dick’s in West Long Branch, Shop Rite in Elmwood Park, Shrewsbury & Wyckoff and Weis Markets in Randolph.

Many of the retailers we are so familiar with continue to expand their presence in New Jersey. Those who have recently opened locations or will soonopen include: 7-Eleven in East Rutherford, Paterson, Denville, Newark, North Bergen, Red Bank & South Amboy, CVS in Jersey City, Lodi, Metuchen, Middletown & Shewsbury, Planet Fitness in Middletown, Fairfield, Wayne, Rockaway, Wall & Woodbridge, Quick Chek in Butler, Hanover, Middlesex & Hackensack, Sherwin Williams in East Windsor, North Brunswick & Bernardsville, and Wawa in Sayreville, Maplewood, Fairfield, Hackettstown, North Plainfield, Brick & Lakewood.

Many retailers/restaurants continue to expand in the very desirable NJ retail markets.
Some of those include:

  • Wegman’s
  • ShopRite
  • T-Mobile
  • Starbucks
  • TJ Maxx
  • WaWa
  • LA Fitness
  • Ulta
  • Marshalls
  • Lands End
  • Taco Bell
  • Chipotle
  • Quick Chek
  • Michael’s
  • Chick Fil A
  • CVS
  • Home Goods
  • Verizon
  • Chase Bank
  • Untuckit

Retail & Restaurant Trends

New Jersey’s long list of restaurant choices and eating establishments continues to grow as new restaurant concepts and established ones have opened or announced planned openings. Blaze Pizza in Bridgewater & Livingston, Chipotle in Bridgewater, Flemington, Hillsborough, Jersey City & Woodbridge, Buffalo Wild Wings in Wayne, Halal Guys in Union, New Brunswick, North Brunswick & Teterboro, IHOP in Hanover, Panera in Paramus & Toms River, Popeye’s in Jersey City, Newark & Rockaway, Playa Bowls in Toms River, East Brunswick, Rutherford, Pompton Plains, Red Bank & Ridgewood, Shake Shack in Wayne & Livingston, Starbucks in Hillsborough, New Brunswick, Paramus, Rochelle Park, Wall & South Brunswick, Taco Bell in Newark, Hackensack, Jersey City & Wharton and Zin Burger in Edison, Bridgewater, Watchung & Jersey City.

The fast casual dining segment, which includes restaurants such as Chipotle, B Good, Shake Shack, Habit Burger, Buffalo Wild Wings, Qdoba, Blaze Pizza, Smash Burger, Jersey Mikes, Wing Stop, Firehouse Subs, Aroogas and Chopt will continue to expand throughout the state. People enjoy the fast service along with the much higher food quality and healthier food choices that fast casual provides in comparison to fast food, and as a result, fast casual dining is flourishing.

Fast Food operations are not taking all this competition lightly and just lying down. These operators are improving on the quality of their menus and more recently are making big efforts in reconfiguring their stores to make them more comfortable, user-friendly, and appealing to the younger crowd looking of millennials to eat quickly. As for desserts, the fruit/yogurt segment has exploded with Playa Bowls, Frutta Bowls and Sweetberry Bowls taking numerous locations.

Health and Wellness industry retailers continue to flourish in the Garden State. LA Fitness in Lodi, Brick, Howell, Union, Newark & Lawrence Township, 24 Hour Fitness in Hanover, CKO Kickboxing in Allendale & Clark, Blink Fitness in Newark, East Orange, Irvington & Perth Amboy, Crunch Fitness in Franklin Township & Midland Park, Club Pilates in Livingston, Marlboro, Northvale, Denville & Bridgewater, Orange Theory Fitness in Shrewsbury, Jersey City & Hackensack, Max Challenge in Watchung, Fair Lawn, Pine Brook & Randolph, Fit 26 in Waldwick, Livingston & Midland Park, Cycle Bar in Livingston, Jersey City & Montclair and Code Ninja in Midland Park, Denville & Middletown .

Medical storefronts continue to flourish. City MD, AFC Urgent Care, MedExpress, Kinder Pediatric Care, PM Pediatrics, Trinity Rehabilitation, Twin Boro Physical Therapy, Health Plus Management, Excel Physical Therapy and others continue to open new locations throughout New Jersey.

“New kids on the block” include numerous retailers and restaurants that have decided to come to New Jersey for the first time to get into its very lucrative marketplace. Chopt Creative Salads,. The Green Turtle Sports Bar & Grille, Homesense, Design Within Reach, Car Max, Fortunoff Mattress, Tempurpedic, Cava Restaurant, Mamouns Falafel, Flatbread Grill, Duluth Trading, Pie Five Pizza, Sierra Trading Post, Which Wich, Wok the Walk, Hurricane BTW, At Home, Zoup, Safesplash Swim School and Goldfish Swim School all have either opened or will soon open New Jersey locations.

The ever-changing and expanding supermarket business in New Jersey continues to be very compelling. It’s been over four years since A&P and Pathmark closed their doors and the impact on New Jersey food shopping continues to evolve as supermarket chains pursue New Jersey sites for the first time or look to expand their store numbers in New Jersey. New operations like Uncle Giuseppe’s in Ramsey or the continuing expansion of HMart, which opened a Paramus store, Gourmanoff Supermarket opening in Paramus, and 99 Ranch which opened in Edison and Hackensack, are all taking advantage of the opportunities in northern and central New Jersey. They’re competing with the likes of Shop Rite, Stop & Shop and Acme. The much-anticipated opening of Wegman’s in Montvale and Hanover, will add greatly to the competition. European competitors Aldi and newcomer Lidl are opening up numerous stores in New Jersey as part of their expansion.  Trader Joe’s hasn’t been idle either and of course food shoppers continue to go to Costco and other warehouse stores for their supplemental bulk food shopping.

Going Forward

Leasing activity in the Garden State the past 12 months is still quite brisk and a lot of the quality space is being leased. This is especially true in the stores sizes 10,000 sf feet and under. Many restaurant and traditional retailers are taking quality space when they can grab it. We anticipate seeing the vacancy rate improve going forward. The current vacancy rate has risen to 7.04% percent, but when you take in consideration all the recent vacancies from Toys R Us/Babies R Us, Sears and Kmart, this rate increase is temporary. Bib boxes take longer to lease due to the limited number of big box users.  Overall, New Jersey, fortunately, continues to be one of the most desired state for retailers to do business in, with all its favorable demographics.

We are going to see some interesting times ahead for retail as the consumer has numerous options in their pursuit of purchasing their retail needs.

About The Goldstein Group

The Goldstein Group, New Jersey’s leading full-service commercial real estate brokerage firm, specializes in owner representation, retailer representation, investment sales and management services.  The firm, founded in 1986, represents over 12,000,000 square feet of retail space and numerous national and regional retailers and restaurants. The Company is the New Jersey member of the Retail Brokers Network.  As an RBN affiliate, The Goldstein Group provides clients assistance throughout the United States with qualified retail specialists in over 65 offices in the United States and Canada.

For more information on the Retail Brokers Network, visit www.retailbrokersnetwork.com.

For more information, contact Chuck Lanyard at (201) 703-9700, extension 115 or visit the Company’s website at www.thegoldsteingroup.com.

THE GOLDSTEIN GROUP PLACES LA FITNESS IN LODI NEW JERSEY

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PARAMUS, NJ. (2017) – The Goldstein Group, a leading provider of retail real estate services in New Jersey, announced it has arranged a long term lease for an LA Fitness in Lodi New Jersey according to Chuck Lanyard, President of The Goldstein Group.

LA Fitness is an American health club chain with over 800 facilities across the United States and Canada.

In Lodi, LA Fitness filled a 45,000 sf space on Main Street and Church Street. Neighboring tenants of the location include Shop Rite, TD Bank, 7-Eleven, Subway and Sprint. The site features convenient access to Route 46.

“LA Fitness coming to Lodi is a welcome addition to the neighborhood and fills a much needed demand for a quality gym to serve the community.” stated Lanyard.

Executive Vice President, Lew Finkelstein, and Vice President, CJ Huter, brokered the transaction on behalf of the landlord, KLS Lodi LLC, while Brian Schuster of Ripco represented the tenant, LA Fitness.

About The Goldstein Group
The Goldstein Group, New Jersey’s leading full-service commercial real estate brokerage firm, specializes in owner representation, retailer representation, investment sales and management services. The firm, founded in 1986, represents over 12,000,000 square feet of retail space and numerous national and regional retailers and restaurants. The Company is the New Jersey member of the Retail Brokers Network. As an RBN affiliate, The Goldstein Group provides clients assistance throughout the United States with qualified retail specialists in over 65 offices in the United States and Canada.

For more information on the Retail Brokers Network, visit www.retailbrokersnetwork.com.

For more information, contact Chuck Lanyard at (201) 703-9700, extension 115 or visit the Company’s website at www.thegoldsteingroup.com.

THE GOLDSTEIN GROUP PLACES T-MOBILE THROUGHOUT SEVERAL LOCATIONS IN NEW JERSEY AND NEW YORK

PARAMUS, NJ. (2018) –The Goldstein Group, a leading provider of retail real estate services in  New Jersey, announced it has placed T-Mobile in 5 locations throughout New Jersey & New York according to Chuck Lanyard, President of The Goldstein Group.

In Fair Lawn, NJ, T-Mobile filled a 2,000 sf space at Radburn Plaza, a neighborhood strip center with CVS, Panera Bread and Pet Supplies Plus, located on Fair Lawn Avenue Route 208 and Route 4. Lew Finkelstein, Executive Vice President, and CJ Huter, Vice President, represented the tenant in the transaction. Rick Mainardi, represented the landlord
Margand Enterprises, LLC .

In Kearny, NJ, T-Mobile leased a 1,727 sf space at Kearny Plaza on Passaic Avenue. Tenants at the center include BJ’s Wholesale Club, Petsmart, Carter’s, Chipotle and Five Below Lew Finkelstein, Executive Vice President, and CJ Huter, Vice President, represented the tenant in the transaction. The landlord is DVL Kearny Holdings, LLC and was represented by
Welco Realty.

In Hampton Township, NJ, T-Mobile signed a lease for a 1,750 sf space at Hampton Plaza located at  27 Hampton House Road. Tenants at this location include Bed Bath & Beyond, Sears, Petsmart, Home Goods, Marshalls, Staples, Rite Aid, AC Moore and Friendly’s. Lew Finkelstein, Executive Vice President, CJ Huter, Vice President, and Roy Paret, Sales Associate, represented the tenant and the landlord, Kere Associates/Kennedy Co., in the transaction.

In New City, NY, T-Mobile filled a 2,300 sf space at 71 South Main Street. Neighboring tenants of the property include Shop Rite, Capital One, Bow Tie Cinemas, Burger King and CVS. Scott Milich, represented the landlord, Highview Investments while Royal Properties represented the tenant in the transaction.

In Lodi, NJ, T-Mobile leased a 2,000 sf free standing building at 1 Union Street. Lew Finkelstein, Executive Vice President, and CJ Huter, Vice President, handled the transaction.

About The Goldstein Group
The Goldstein Group, New Jersey’s leading full-service commercial real estate brokerage firm, specializes in owner representation, retailer representation, investment sales and management services. The firm, founded in 1986, represents over 12,000,000 square feet of retail space and numerous national and regional retailers and restaurants. The Company is the New Jersey member of the Retail Brokers Network. As an RBN affiliate, The Goldstein Group provides clients assistance throughout the United States with qualified retail specialists in over 65 offices in the United States and Canada.

For more information on the Retail Brokers Network, visit www.retailbrokersnetwork.com.

For more information, contact Chuck Lanyard at (201) 703-9700, extension 115 or visit the Company’s website at www.thegoldsteingroup.com.

The Goldstein Group Welcomes Frank Riley to their Team

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PARAMUS, NJ (APRIL 2, 2018) – Chuck Lanyard, President of The Goldstein Group, New Jersey’s leading retail real estate brokerage firm, announced that Frank Riley has joined the firm as part of the company’s continuing expansion plans of their leasing and sales team.

“We are pleased to welcome Frank to our team,” stated Chuck Lanyard, President of The Goldstein Group. “His extensive sales experience in both brokerage and the product development side of real estate will make him an invaluable asset to our team.”

Frank brings to The Goldstein Group nearly five years of commercial real estate experience. Most recently, he was a Sales Executive at Xceligent where he worked with commercial real estate professionals to provide information technology and product solutions to help streamline their workflow. Prior to that, Frank was a Sales and Leasing Associate at New York City based Millennium Realty Group.

Riley is a graduate of Monmouth University with a degree in Business Marketing & Management. In his free time he enjoys playing golf.

About The Goldstein Group

Based in Paramus, N.J., The Goldstein Group was founded in 1986 with a retail focused dedication to providing retail real estate services to its broad customer base. The Goldstein Group puts the best interests of our clients first by offering personal attention, sophisticated research, and strategic business advice. The Goldstein Group represents over 12,000,000 square feet of retail properties, as well numerous national, regional and local retailers and restaurants on an exclusive or preferred basis.

More information on The Goldstein Group and TGG Urban can be found on the company’s website: www.TheGoldsteinGroup.com

The Goldstein Group Sells Redevelopment Site in Bogota New Jersey

PARAMUS, NJ (MARCH 12, 2018) – President Chuck Lanyard of The Goldstein Group announced the firm has successfully completed the sale of a redevelopment site located at 250 & 300 West Fort Lee Road in Bogota New Jersey which will become a multi family mixed-use development.

Executive Vice President, Lew Finkelstein, and Vice President, CJ Huter, represented both the seller, BR Colony Holdings, and the buyer, River Club Development, in the transaction.

“This was a transaction that took several years to conclude,” noted Lanyard. “CJ & Lew were able to provide outstanding service to both parties to bring the deal to a closing.”

The site is slated for 421 residential apartments across 5 buildings, along with 8,000 square feet of ground floor retail space. Also projected for the site is the development of a pool, clubhouse, dog park and walkway promenade along the Hackensack River. Upon completion, the development could increase the boroughs population of 8,200 people by about 10%.

This location is prime for commuters traveling to and from New York City and offers convenient access to Interstate 80 and Route 4.

About The Goldstein Group

Based in Paramus, N.J., The Goldstein Group was founded in 1986 with a retail focused dedication to providing retail real estate services to its broad customer base. The Goldstein Group puts the best interests of our clients first by offering personal attention, sophisticated research, and strategic business advice. The Goldstein Group represents over 12,000,000 square feet of retail properties, as well numerous national, regional and local retailers and restaurants on an exclusive or preferred basis.

More information on The Goldstein Group and TGG Urban can be found on the company’s website: www.TheGoldsteinGroup.com

The Goldstein Group’s TGG Urban Division Announces Numerous Store Leases in Jersey City, Hoboken, Montclair & Other Urban Areas

PARAMUS, NJ (FEBRUARY 26, 2018) – The Goldstein Group, a leading provider of retail real estate services in New Jersey continues successful leasing efforts in urban neighborhoods with the announcement that it has placed three tenants throughout Jersey City, Hoboken, Montclair and other New Jersey areas according to Chuck Lanyard, President of The Goldstein Group.

In Paterson, M&T Bank signed a lease for an 1,800 sf unit at 162 Main Street. The site is located in a densely populated marketplace with heavy foot traffic and convenient access to Public Transportation, Route 19 and Route 80. Principal, Neil Goldstein, and Sales Associate, Roy Paret, were responsible for the transaction with the owner, 162 Main Street LLC, and the tenant.

In Hoboken, Restore Cold Pressed, a national cold-pressed juice, acai bowls & espresso bar company, leased a space at 305 1st Street. The newly renovated mixed-use building has several luxury apartments with heavy foot traffic. Lew Finkelstein, Executive Vice Present, CJ Huter, Vice President, and Christopher Conway, Director represented the owner, Saminski Properties, and tenant.

In Jersey City, Flatbread Grill filled a 1,554 square foot space at 26 Journal Square. This is a prime retail space within a 1 block distance to the Journal Square PATH station. Christopher Conway, Director, represented the landlord, LLC/Kushner Companies, and the tenant in the transaction.

In Ridgewood, Playa Bowls leased a 1,504 sf space at 305 East Ridgewood Avenue. The corner location is a prime retail site located in downtown Ridgewood. It features heavy foot and vehicle traffic and is located nearby to the Ridgewood NJ Transit train station. Neighboring tenants include Starbucks, PNC Bank, Bank of America, Gap, and Rite Aid. Marc Palestina, Sales Associate at The Goldstein Group, was responsible for the transactions on behalf of the tenant and the landlord, Clotco Inc.

In Harrison, Metro PCS leased a 2,000 sf space at 432 Bergen Street. This prime retail site is anchored by QuickChek and Rite Aid and is located at a signalized intersection. It’s close to a new Path station with convenient access to Route 280, Garden State Parkway and the NJ Turnpike. President, Chuck Lanyard, and Sales Associate, Marc Palestina, handled the transaction for the owner, MCP Associates, and the tenant.

In Montclair, Vanillamore filled a 1,400 sf space on Bloomfield Avenue. The location features affluent demographics, a densely populated marketplace, 30,000+ daily car count and is in the heart of downtown Montclair and just 3 miles from Montclair State University. Neighboring tenants include Anthropologie, Urban Outfitters, Starbucks, CVS, the Wellmont Theatre and Chase Bank. President, Chuck Lanyard, brokered the transaction on behalf of the tenant and landlord, BL Yards.

In Jersey City, Cuteicles Nail Salon leased a 2,210 sf space at 410 Central Avenue. This prime retail site located in “The Heights” section features heavy foot traffic with access to nearby parking and all forms of public transportation. Christopher Conway, Director, was responsible for the transaction as he represented an entity of KABR Properties, the owner of the property and the tenant.

In Jersey City, Prato Bakery signed a lease for 1,400 sf at 371 Fourth Street. Christopher Conway represented the landlord, an entity of KABR Properties. The site is in the Newark Avenue Retail District and is part of a mixed-use residential/retail development

About The Goldstein Group

Based in Paramus, N.J., The Goldstein Group was founded in 1986 with a retail focused dedication to providing retail real estate services to its broad customer base. The Goldstein Group puts the best interests of our clients first by offering personal attention, sophisticated research, and strategic business advice. The Goldstein Group represents over 12,000,000 square feet of retail properties, as well numerous national, regional and local retailers and restaurants on an exclusive or preferred basis.

More information on The Goldstein Group and TGG Urban can be found on the company’s website: www.TheGoldsteinGroup.com

The Goldstein Group Places Playa Bowls Locations Throughout New Jersey

PARAMUS, NJ (FEBRUARY 12, 2018) – The Goldstein Group, a leading provider of retail real estate services in New Jersey, announced it has placed Playa Bowls in Marlboro, Ridgewood, Toms River and Pompton Plains New Jersey according to Chuck Lanyard, President of The Goldstein Group.

Playa Bowls originated in Belmar New Jersey and is known for their custom fresh smoothies and the newest trend – acai bowls. Acai bowls are thick smoothie bowls that you eat with a spoon. They feature many health benefits due to the superfoods that go into them like acai. They currently have 25 locations and are actively looking to increase their presence throughout the New Jersey market.

Marc Palestina, Sales Associate at The Goldstein Group, was responsible for the transactions on behalf of the tenant and the landlord for all the transactions.

In Marlboro, Playa Bowls leased a 2,100 sf space at Bear Brook Commons at 455 County Road 520. The site is conveniently located near Route 18 and Route 9. Neighboring tenants include Wells Fargo, Rite Aid, Bank of America and Santander Bank. Bear Brook Commons Associates, LLC is the owner.

In Ridgewood, Playa Bowls occupied a 1,504 sf space at 305 East Ridgewood Avenue. The corner location is a prime retail site located in downtown Ridgewood. It features heavy foot and vehicle traffic and is located nearby to the Ridgewood NJ Transit train station. Neighboring tenants include Bookends, Starbucks, PNC Bank, Bank of America, Gap, and Rite Aid. Clotco Inc. is the owner.

In Toms River, Playa Bowls leased a 3,000 sf space at 224 Route 37. The site has excellent highway access and visibility with convenient access to Route 9, Garden State Parkway and Route 35. Neighboring tenants include Kohl’s, Shop Rite, Kmart, Pizza Hut, Bank of America, Mavis Tire, T-Mobile, and Staples. Ideal Plaza Investor Associates is the owner.

In Pompton Plains, Playa Bowls filled a 1,800 sf unit at Plaza 23 at 500 Route 23 North. This location is a prime highway retail site with excellent access and visibility. It is anchored by Stop & Shop supermarket, Home Goods and TJ Maxx. The site also has convenient access to Route 202 and Route 287. Plaza 23 Station, LLC is the owner.

About The Goldstein Group

Based in Paramus, N.J., The Goldstein Group was founded in 1986 with a retail focused dedication to providing retail real estate services to its broad customer base. The Goldstein Group puts the best interests of our clients first by offering personal attention, sophisticated research, and strategic business advice. The Goldstein Group represents over 12,000,000 square feet of retail properties, as well numerous national, regional and local retailers and restaurants on an exclusive or preferred basis.

More information on The Goldstein Group and TGG Urban can be found on the company’s website: www.TheGoldsteinGroup.com