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Retailers expand leases in New Jersey.

Retailers Michael's Sporting Goods and The Endless Vine have expanded their long-term leases at the Urban Farms Shopping Center in Franklin Lakes, N.J., announced Roger Steinhardt, director of commercial leasing for Kushner Companies, the property's owner. Michael's increased its space by 20 percent to 2,100 SF and relocated within the center to a space offering front exposure. The Endless Vine, a premier wine shop with an attached wine bar and cocktail lounge, is more than doubling its space from 1,500 to 3,255 SF. Renovations related to the expansion are expected to be completed by July.

Kushner Companies acquired the 76,000 SF retail shopping center and an adjacent 14,000 SF office building in 1999. Located on the corner of High Mountain and Franklin Lakes Roads in a suburban neighborhood, Urban Farms includes the Market Basket, an established high-end grocer and catering company known for its quality food.
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Publication:Real Estate Weekly
Article Type:Brief Article
Geographic Code:1USA
Date:Jun 6, 2001
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