News: Brokerage

JLL represents Phenix Salon Suites as brand leases 23,000 s/f as part of continued global expansion

Bronx, NY JLL s arranged three new leases for Phenix Salon Suites.

JLL managing director David Townes and vice president Alana Friedman, the exclusive leasing agents for the Encinitas, CA-based franchise retailer in the New York metropolitan area, brokered the long-term lease deals for the company, which has more than 300 locations nationwide.

In the Bronx, Phenix signed a 10-year lease for 7,832 s/f at Broadway Plaza, situated at 171 West 230th St..  Broadway Plaza is a two-story, 133,000 s/f retail development anchored by Best Buy, TJ Maxx and Aldi Supermarket. Ripco brokers Ben Weiner and Jeffrey Howard represented the property owner, Regency Centers.

Phenix also signed a 15-year lease to occupy 6,000 s/f at Mid Valley Mall in Newburgh. Situated at 39-47 N Plank Rd., the single-story outdoor shopping center is anchored by Market 32 and co-anchored by Planet Fitness, Citi-Trends and Dollar Tree. John Kostyo of DLC Management represented the owner in house.

And in New Jersey, the franchise leased 9,000 s/f at Midstate Mall, located at 300 Route 18, East Brunswick. Phenix signed a 10-year lease in a deal with mall owner, Acadia Realty Trust. Pat Delaney of Jeffery realty represented the property owner.

READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
Behind the post: Why reels, stories, and shorts work for CRE (and how to use them) - by Kimberly Zar Bloorian

Behind the post: Why reels, stories, and shorts work for CRE (and how to use them) - by Kimberly Zar Bloorian

Let’s be real: if you’re still only posting photos of properties, you’re missing out. Reels, Stories, and Shorts are where attention lives, and in commercial real estate, attention is currency.
Strategic pause - by Shallini Mehra and Chirag Doshi

Strategic pause - by Shallini Mehra and Chirag Doshi

Many investors are in a period of strategic pause as New York City’s mayoral race approaches. A major inflection point came with the Democratic primary victory of Zohran Mamdani, a staunch tenant advocate, with a progressive housing platform which supports rent freezes for rent
AI comes to public relations, but be cautious, experts say - by Harry Zlokower

AI comes to public relations, but be cautious, experts say - by Harry Zlokower

Last month Bisnow scheduled the New York AI & Technology cocktail event on commercial real estate, moderated by Tal Kerret, president, Silverstein Properties, and including tech officers from Rudin Management, Silverstein Properties, structural engineering company Thornton Tomasetti and the founder of Overlay Capital Build,
Lasting effects of eminent domain on commercial development - by Sebastian Jablonski

Lasting effects of eminent domain on commercial development - by Sebastian Jablonski

The state has the authority to seize all or part of privately owned commercial real estate for public use by the power of eminent domain. Although the state is constitutionally required to provide just compensation to the property owner, it frequently fails to account