Four new retailers bring New Jersey shopping center to full occupancy

DENVILLE, N.J., May 14, 2024 – JLL announced today it has completed the lease up of Denville Commons, welcoming four new tenants to the neighborhood shopping center at 3130 State Rt. 10W in Denville, New Jersey.

Owned by New Jersey-based development, investment and management company Adonin Property Group, Denville Commons is a 73,239-square-foot shopping center with stores, restaurants and healthcare tenants including JAG-ONE Physical Therapy, Jersey Mike's and X Golf.

"We are proud to announce that Denville Commons has achieved 100% occupancy, demonstrating our dedication to curating a thriving mix of tenants and providing a premier shopping destination for the community," Adoni Property Group CEO Sonny Adoni said. “This achievement reflects our commitment to delivering an exceptional retail experience and fostering economic growth in the area.”

JLL Managing Director David Townes and Vice President Alana Friedman serve as exclusive leasing agents for the property and announced the completion of the four new transactions that bring Denville Commons to full occupancy.

“We are thrilled to bring Denville Commons to full occupancy with a slate of retailers that represents consumer demand for food, fun and personal services,” said Townes. “With retail vacancy holding at a record low, best-in-class properties like Denville Commons will continue to attract leading tenants seeking to expand their physical presence in vibrant urban markets like Morris County.”

Among the leasing activity:

Phenix Salon Suites leased 4,500 square feet for a new salon suite set to open mid-summer. Phenix is a fast-growing rental concept that offers an opportunity for salon and lifestyle professionals to have their own suite within a larger, well-located salon. JLL serves as the exclusive leasing agent for the Encinitas, CA-based franchise retailer in the New York metropolitan area and brokered the long-term lease for this latest location.

American Family Care (AFC), the national provider of urgent care, accessible primary care, and occupational medicine, leased 3,140 square feet for its latest New Jersey facility. The private equity backed company is in the midst of a nationwide expansion. Alicea Santella, Director, Commercial Retail Associates, represented the tenant.

Health Mate Hot Tubs, a family-owned and operated hot tub, swim spa and sauna business, leased 2,250 square feet of retail space. Brian Silbert, President & CEO at Silbert Realty & Management Co., Inc. represented the tenant.

And Tropical Smoothie Café leased 1,373 square feet for a new restaurant. The Atlanta-based company began operating as a single location on a beach in Destin, Florida, and now operates over 1,400 locations in 44 states. It serves smoothies, wraps and sandwiches, among other foods. Dina Santarelli of Sabre Real Estate represented the tenant.

Originally built in 1991, Denville Commons is a 73,000-square-foot property with parking for 367 vehicles. It is located just off busy Route 10, surrounded by a population of over 380,000 with AMI of $113,000. Some 47,000 vehicles pass the property every day and major corporate employers in the region include Novartis, Honeywell, Nestle and Deloitte & Touche.

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