M id A tlantic Real Estate Journal — December 18 - January 14, 2020 — 17A



M id A tlantic R eal E state J ournal LA Fitness Signature Club opens at Aberdeen Plaza, NJ Basser Kaufman announces 34,000 s/f retail lease

LIFFWOOD, NJ — The long-awaited ad - dition to Monmouth County’s wellness scene is now a reality. On October 1, LA Fit- ness opened its Signature Club at Aberdeen Plaza, located at Rte. 35 and Cliffwood Ave. in Cliffwood, announced Wood- mere, NY-based shopping center owner/manager Basser Kaufman . The club occupies the former site of an A&P Supermarket. The upscale Signature Club format offers higher-level equipment, classes and per- sonal training, as well as resort-style amenities includ- ing a full-size basketball court, indoor pool, sauna, steam room, whirlpool spa, towel service and toiletries. “This gorgeous new club will attract the attention of fitness and health-conscious consumers and attract them on a daily basis to our Plaza,” said Robert Goldfeder , di- rector of leasing for Basser Kaufman. “The fanfare at the ribbon-cutting showed how excited the community is with this new addition.” The facility is complying with all New Jersey COVID-19 regulations. Check-in is con- tactless, and equipment has been spaced to accommodate social distancing. Classes in- C

*Special Offer*

Try a 3-month free trial of the Mid Atlantic Real Estate Journal

LA Fitness

more than $100,000 within a five-mile radius. Approxi- mately 42,000 vehicles pass the center on highly-trafficked Route 35 daily. More than 600 new residential units and 250 single-family homes have been recently developed within three-quarters of a mile of the center and are almost 100% purchased or rented. Other major retailers in the immedi- ate area include Costco, Stein Mart, The Home Depot, BJ’s, Staples, and ShopRite. According to Aberdeen Mayor Fred Tagliarini, “This beautiful club is a welcome addition to the Rote. 35 cor- ridor and should emerge as a major destination for residents of Aberdeen’s Cliffwood and Cliffwood Beach sections, and other parts of the township, as well as nearby towns like Key- port and Matawan.” MAREJ

cluding indoor cycling, Zumba and yoga are available by res- ervation on LA Fitness’ mobile app. A Kids Klub, which offers baby-sitting services for an ad- ditional fee, is not available at this time, but will debut when permitted by local regulation. LA Fitness Signature Club signed a 15-year lease at Ab- erdeen Plaza and joins Jersey Mike’s, Domino’s, and H&R Block. Now in the midst of a total reinvention, the open-air neighborhood center boasts a newly resurfaced parking lot with ample parking and a modern, sleek new façade along with other beautifica - tions. Situated close to the Garden State Parkway, the 74,941 square foot center is located in a growing area of affluent Monmouth County with an average household income of



� 1031 Exchange Solutions � Preferred Return Investment Opportunities

� Passive Investment O P. portunities - No More Tenants Toilets and Trash! � Delaware Statutory Trust (DST) Properties � Triple Net Leased (NNNJ Properties � 721 Exchange UPREIT Properties - How'° 1031 Exchange Into a Real Estate lnvestmentTrust(REfO � Opportunity Zones � Real Estate Investing Seminars and Workshops

Also receive a COMPLIMENTARY ADMISSION to a commercial real estate conference hosted by MAREJ!

*New Subscribers Only*

This material does not constitute an offer to sell nor a solicitation of an offer to buy any security. Such offers can be made only by the confidential Private Placement Memorandum (the "Memorandum"). Please read the entire Memorandum paying special attention to the risk section prior investing. IRC Section1031, IRC Section1033 and IRC Section 721 are complex tax codes therefore you should consult your tax and legal professional for details regarding your situation. This material is not intended as tax or legal advice. There are material risks associated with investing in real estate, Delaware Statutory Trust (DSD properties and real estate securities including illiquidity, tenant vacancies, general market conditions and competition, lack of operating history, interest rate risks, the risk of new supply coming to market and softening rental rates, general risks of owning/operating commercial and multifamily properties, short term leases associated with multi-family properties, financing risks, potential adverse tax consequences, general economic risks, development risks and long hold periods. There is a risk of loss of the entire investment principal. Past performance is not a guarantee of future results. Potential cash flow, potential returns and potential appreciation are not guaranteed. Securities offered through G rowth Capital Services member FINR A , SIPC O ffice of Supervisory J urisdiction located at 58 2 Market Street, Suite 300, San Francisco, C A 94 10 4 . Preferred return is not guaranteed, and subject to available cash flow. LEARN MORE AT @www.kpi1031.com or \.1.855.899.4597

Call or email Lea Christman lea@marejournal.com 781.740.2900


Made with FlippingBook flipbook maker