Marketplace of Elmwood Park

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Newly Renovated Center in High-traffic Northern N.J. Location Reaches Full Occupancy

ELMWOOD PARK, N.J., Mar. 26, 2019 – Two long-term leases by national retailers have brought The Marketplace of Elmwood Park to full occupancy, announced commercial real estate services firm Cushman & Wakefield. Gym brand Anytime Fitness and Israeli burger chain BurgerIM committed to 5,700 and 1,880 square feet, respectively, at the 430 Market St. shopping center.

Cushman & Wakefield’s David Townes and Alana Friedman – recently appointed as exclusive leasing agents for The Marketplace of Elmwood Park – spearheaded the transactions. Rob Runyan of Franchise Real Estate represented Anytime Fitness. Blake Shanaphy and Marta Villa of Jones Lang Lasalle worked with BurgerIM as tenant broker in that lease.

Sporting newly renovated storefronts and modern façade, The Marketplace at Elmwood Park is located within minutes of the Garden State Parkway, I-80, Route 46 and two commuter rail lines. “This shopping center sits in the heart of a high-traffic, densely populated area,” said Townes, a Cushman & Wakefield retail specialist based in the firm’s East Rutherford, N.J. office. “More than 12,000 vehicles pass this location each day, and Market Street is an established local retail corridor – making The Marketplace of Elmwood Park an enviable, highly visible destination for national brands looking to grow their presence in northern New Jersey.” The well-known retail center is owned and managed by Gerry Puccio of Maxim Realty Trust.

Anytime Fitness’ new Elmwood Park facility will specialize in wellness, personal training and body conditioning. Anytime, which has locations in all 50 states, is one of the world’s fastest-growing gym franchises with 4,000 facilities around the globe.

BurgerIM, which means “multiple burgers” in Hebrew, is in the midst of expanding its chef-inspired hamburger chain, leveraging a diverse menu of burgers made from Japanese wagyu beef, lamb, salmon and certified halal meat. It has or is opening additional New Jersey locations in Englewood, Bergenfield, Cranford, Metuchen, Newark and Union.

Other Marketplace of Elmwood Park tenants include Domino’s, Blimpie, Helping Paws Vet, and Al Dente restaurant.

 

About Cushman & Wakefield

Cushman & Wakefield (NYSE: CWK) is a leading global real estate services firm that delivers exceptional value for real estate occupiers and owners. Cushman & Wakefield is among the largest real estate services firms with approximately 51,000 employees in 400 offices and 70 countries. In 2018, the firm had revenue of $8.2 billion across core services of property, facilities and project management, leasing, capital markets, valuation and other services. To learn more, visit www.cushmanwakefield.com or follow @CushWake on Twitter.

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Karen Ravensbergen/Jordan Appel
Caryl Communications
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