EAST RUTHERFORD, NJ — Reflecting the continued strength of the dining sector, Cushman & Wakefield’s New Jersey retail team reported robust leasing activity involving restaurant tenants in New York and New Jersey in 2019. Spearheaded by David Townes and Alana Friedman in the firm’s East Rutherford office, along with Neil Seth in New York, the commercial real estate services firm’s retail practice inked 13 transactions totaling 36,926 s/f, including first-time operators and national brands.”
“The dining sector remains one of the hottest retail categories, both in our region and nationwide,” said Townes, whose team specializes in restaurant leasing. “As local and national brands seek to grow their businesses, the demand for second-generation restaurant space with existing kitchen infrastructure continues to be at its highest.”