JLL represents Malas Development filling One Union with exciting new stores, services
JLL announced today it has completed the lease up of One Union, welcoming five new retailers to the new mixed-use development located at 1 Union Ave. in the Bergen County town of Cresskill, N.J.
Wonder, the delivery-first, food tech startup founded by entrepreneur Marc Lore, leased 3,197 square feet for its latest brick-and mortar location. A pioneer in the “fast fine” dining arena, Wonder offers diners a collection of menus from world-renowned chefs including Bobby Flay, Marc Murphy, Jose Andres and Marcus Samuelsson.
Its new space features seating for diners and a full kitchen to operate its multi-restaurant delivery service. The location is one of nearly a dozen in the region that have opened in the last 12 months as Wonder positions itself to dominate a new sector of fine dining delivered fast. Teddy Shamma, Bill Farkas and Mike Testa of Jeffery Realty represented Wonder in the lease transaction.
The Eye Experience, a home-grown business specializing in optometry services, will open its first office in a 1,368 square foot retail space at One Union. Lia Papsmedov of Align Real Estate represented the tenant.
Moxie Blow Dry and Beauty Bar, the rapidly expanding franchise founded in 2011 by New Jerseyans Jenn and Jamie Dunn, leased a 1,323 square foot location that will open as part of the company’s larger campaign to dominate the northeast personal services sector. Konrad Konic of DNV commercial represented the tenant.
ConnectOne Bank also leased 2,848 square feet for its latest retail branch at One Union. The New Jersey-based bank, which has grown from a single Englewood Cliffs storefront to one of the region’s largest banks, is opening a custom space that will serve the Cresskill community.
And popular New Jersey sandwich chain Jersey Mike’s leased 1,504 square feet for one of more than a dozen new shops the company recently announced as part of a major expansion in the northeast. Gary Kraus of Pierson Commercial represented the tenant.
JLL Managing Director David Townes and Vice President Alana Friedman represented the landlord in the transactions with Moxie, The Eye Experience and Wonder. Malas Development recently opened the brand new One Union as a mixed-used property with a collection of eight luxury rental apartments above 10,240 square feet of ground floor retail.
Located at the corner of Piermont Road and Union Avenue in downtown Cresskill, One Union offers abundant retail parking for shoppers and proximity to the nearby Closter Plaza, which attracts thousands of consumers from across the county and beyond.
“These five popular retail concepts are a terrific addition to the Cresskill community,” said Townes. “We are delighted to complete another successful project with Malas Development as they continue to bring desirable new homes and services to residents across New Jersey.”
One Union is the latest property from second generation New Jersey developers Zack and Mark Malas, whose Rochelle Park-based Malas Development built The Marq in Union City, Marquis on the Hudson in Edgewater, and Malas Plaza, a mixed-use retail and multi-housing property in Rochelle Park, among many others. The company previously retained JLL’s Townes and Friedmanto lease the retail portion of their development at 110 Market St. in Saddle Brook.
“One Union is the latest example of our strategy to build highly desirable properties that add style and substance to dynamic neighborhoods,” said Mark Malas. “We are thrilled to introduce this exciting lineup of retailers and thank David and Alana for helping identify the right mix of retailers to compliment the property and their commitment to helping us ensure the success of this latest development.”
About Malas Development
More than developers, Malas Development is committed to shaping culture through values and experience. Based in Rochelle Park, N.J., the company is led by brothers Zack and Mark Malas,whose grandfather pioneered home building overseas and father developed numerous luxurious homes. From luxury custom estates to high-rise condominiums to multi-family homes to rental collections, the company takes pride in the fact that their end users continually say there is no comparison to a Malas build.
For over 200 years, JLL (NYSE: JLL), a leading global commercial real estate and investment management company, has helped clients buy, build, occupy, manage and invest in a variety of commercial, industrial, hotel,residential and retail properties. A Fortune 500® company with annual revenue of $20.9billion and operations in over 80 countries around the world, our more than 105,000 employees bring the power of a global platform combined withlocal expertise. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAYSM. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.