R etail D evelopment R eimagined

M id A tlantic Real Estate Journal — Retail Development Reimagined —April 22 - May 19, 2022 — 17A


ARAMUS, NJ — The Goldstein Group , one of the leading provid- P Mark Stanislawski of Retail Strategy reps. Nothing Bundt Cakes in 2000 s/f lease The Goldstein Group Places 12 retailers and restaurants in Paramus New Jersey

with over 250 stores nation- wide, leased 2,000 s/f and the tenant was represented by Mark Stanislawski of Retail Strategy . Juicy Platters, a Mediter- ranean restaurant with 4 loca- tions, leased 2,000 s/f and the tenant was represented by Joe Brendel and Dean Tselepis of the Newmark Group . & Pizza, a new fast service pizza shop with over 40 loca- tions, took 2,000 s/f and was represented by Brendel and Tselepis of the NewmarkGroup. Gregory’s Coffee, a gourmet coffee and light food shop that has over 50 Locations, leased 2,000 s/f with a drive thru and was represented by Dina San- torelli of Sabre Real Estate . Strand Salon Studios, a full-service hair salon, leased 8,000 s/f. This is their second Paramus location.

Expo at the Richmond Race- way helping to set up ahead of their signature event, as well as assisting at the Saturday event with three different shifts throughout the day for vendor check-ins, selling tick- ets, checking in online ticket holders, and assisting with traffic flow. ▪ Thalhimer’s Richmond of - fice hosted “Bring Your Dog To Work” day, providing donation dollars to Henrico Humane So- ciety through registration from participants. The day featured a dog walk in the afternoon with volunteers fromHHS and four adoptable dogs. • Providing much-needed supplies • Thalhimer associates do - nated an impressive assort- ment of items for Henrico Humane Society including dog and cat beds, treats and toys for both, as well as food items, and Amazon gift cards for their wish list. “I would like to extend my sincere gratitude to the asso- ciates of Thalhimer for their hard work on behalf of Henrico Humane Society. The hours Bijou Bridal, a longtime Paramus based full service bridal shop, relocated into a 7,000 s/f showroom. Other Paramus transactions included three tenants mov- ing into the newly constructed mixed used development at 58 East Midland Ave. which is owned by 5058 Midland, LLC. Lanyard and Palestina leased the three retail spaces below the residential section to the following tenants. Durante Physical Therapy – leased 2,100 s/f. Ella’s Café – leased 1,900 s/f. Lennon Brooks Hair Salon – leased 2,700 s/f. Lanyard and Palestina also were successful in han- dling the following transac- tions in Paramus. Strand Salon Studios leased 4,300 s/f of space at 231 Rte. 4 West, joining Citibank,

that you have contributed, the supplies that you have col- lected, and the money that you have raised will have a major impact on the number of ani- mals we are able to help this year. We are overwhelmed by your generosity and support.” Cara Salman, President, Hen- rico Humane Society. “Our Thalhimer associates share a passion for their pets. That enthusiasm was evident with our support of the Henrico Humane Society and their mis- sion to find permanent homes to rescue dogs and cats. Our team enjoyed volunteering at their signature annual event, Pet Expo, to help raise funds for their organization. We were able to provide financial assis - tance and give much-needed supplies to help care for the animals, improve their lives, pay for medical bills, and pro- mote their adoption to a loving family. Our most enjoyable fundraising activity was “Bring Your Dog to Work” day, where we got to bring pets to the office and interact with some of the HHS pets that are currently seeking homes. MAREJ Cabinets Direct, and TMobile. Lanyard and Palestina repre- sented both the landlord, NTH 231W, LLC and tenant. Dogtas Furniture USA Inc, an international furniture company, leased 6,000 s/f of space at 385 Rte. 17 South. Lanyard and Palestina rep- resented both the landlord, Carlson Family Foundation Inc. and the tenant. Krispy Kreme leased the former McDonalds space of 4,000 s/f at 247 Rte. 4 West. David Townes and Alana Friedman of Cushman & Wakefield represented the tenant. Lanyard and Palestina represented the landlord, NTH 241 W, LLC. “We are pleased to see the activity for retail sales and leasing in New Jersey coming back so strongly, especially in Paramus,” said Lanyard. MAREJ

“We have seen brisk leasing activity in Paramus the past 18 months, since Paramus contin- ues to be one of the best re- tail markets in the coun- t ry” s tat ed Chuck Lan- yard. Prime spaces are be- ing leased up rather quickly by retail tenants, looking to be part of the retail comeback. In a new Paramus shopping center at 393 Rte. 17 South, built this past year, which was home to a Hooters Restau- rant and a hotel, six tenants either opened or are about to open in the next few months. The landlord in each of these transactions was the Carlson Family Foundation. Nothing Bundt Cakes,

ers of retail rea l es tat e serv i ces in New Jersey, a nn o un c e d the placing of 12 retailers and restau- rants in lease transactions

Chuck Lanyard Marc Palestina

in Paramus within the last 18 months accordingly to Chuck Lanyard, president of The Goldstein Group. The majority of these transactions occurred even during the height of the Covid 19 pandemic. As we continue to, hopefully, put the pandemic behind us, the leasing team of Chuck Lanyard and Marc Palestina , director, were very active in placing tenants in Paramus. RICHMOND, VA — Cush- man & Wakefield | Thal- himer’s Capital Markets Group has represented West Tower, LLC and SugarOak In- vestments in the sale of Gold’s Gym Plaza, 8900 West Broad St., in Henrico County. The property consists of 124,275 s/f of retail throughout five buildings. The 44,000 s/f box anchored by Regal Cinemas and an adjacent parking lot are subject to a ground lease. The center is currently 100% leased and co-anchored by Gold’s Gym. Anchors Regal Cinemas and Gold’s Gym have occupied space at the property for 40 and 19 years, respectively. Seminole Trail Annex, LLC out of Charlottesville acquired the asset on April 1, 2022, for $13 million. The transaction was completed by Catha- rine Spangler of Cushman & Wakefield | Thalhimer’s Capital Markets Group. In other news, Cushman & Wakefield | Thalhimer part - nered with Henrico Humane Society for the first quarter of 2022 through their Thal- himer Gives program, a com-

Cushman & Wakefield | Thalhimer’s Capital Markets Group completes $13 Million sale of Gold’s GymPlaza in Richmond, VA

8900 West Broad St.

pany-wide initiative focused on community involvement and charitable giving. Through Thalhimer Gives, associates actively engage in the commu- nity by donating financially, providing much-needed sup- plies, and giving generously of their time to local non-profit organizations. • Donating financially • Thalhimer associates raised $7,016 for Henrico Hu- mane Society through Friday Jeans donations. Friday Jeans

allows Thalhimer associates to wear jeans every Friday and make a $5 donation to the Thalhimer Gives partner orga- nization, along with a company match. • Giving generously of their time • Thalhimer partnered with Henrico Humane Society for volunteer opportunities and provided associates with paid time off to give back. ▪ Thalhimer associates vol - unteered their time for Pet

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