8A — April 24 - May 14, 2020 — Retail Development Reimagined — M id A tlantic Real Estate Journal


R etail D evelopment R eimagined

JLL represents the owner, Passaic Industrial Properties, LLC The Goldstein Group places Sherwin Williams in a new location in Passaic, New Jersey P North America.

ASSAIC, NJ — The Goldstein Group , a leadingeal estate services in New Jersey, an- nounced it has placed Sherwin Williams at 90 Dayton Ave., Passaic, according to Chuck Lanyard , president of The Goldstein Group. For more than 150 years, Sherwin-Williams has been an industry leader in the devel- opment of technologically ad- vanced paint and coatings. It is the nation’s largest specialty retailer of paint and painting supplies, withmore than 4,200 neighborhood stores across

90 Dayton Ave. is a rede- velopment of a portion of an industrial complex into a retail shopping center. Other ten- ants at the center include; Dol- lar Tree andMc Donald’s. Area tenants include Home Depot, LA Fitness, Forman Mills, Walgreens, Dunkin Donuts, TD Bank, and Lakeland Bank. Neil Goldstein , a principal of The Goldstein Group rep- resented Sherwin Williams; while Marta Villa of JLL rep- resented the owner, Passaic Industrial Properties, LLC.  Cushman & Wakefield arranges six leases for PhenixSalonSuites EAST RUTHERFORD, NJ — Cushman &Wakefield an- nounced it has inked five new leases for Phenix Salon Suites in NJ and NY, totaling 47,000 s/f. David Townes , of the commercial real estate service firm’s retail team, brokered the long-term leases for the properties. Townes serves as exclusive leasing agent in the NY Metropolitan Area for the franchise, which has over 300 locations nationwide and is rapidly expanding throughout the tri-state area. The recent transactions in- clude NJ locations at the Mor- ris Hills Shopping Center, 3035 US 46 in Parsippany (5,100 s/f with Alana Fried- man) and Woodbridge Cross- ing, 465 Greene St. in Wood- bridge (5,642 s/f with James Aug of Sabre). This brings the total number of Phenix Salon Suites in the Garden State to six. The three New York loca- tions include: • 165-10 Archer Ave. in Ja - maica (7,234 s/f) • 30-30 Northern Blvd. in Long Island City (14,300 s/f, with Cushman & Wakefield broker Joseph Grotto rep- resenting the landlord, Alma Realty ) • 650 Stewart Ave. in Gar - den City (14,772 s/f) “Phenix Salon Suites is the leading salon suite franchise in the industry, offering dis- tinctive co-working space for entrepreneurial beauty, health and wellness professionals,” said Townes. “This forward- thinking concept is disrupting the traditional salon business and contributing to the com- pany’s rapid growth.” 



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