Denholtz Associates Signs New Lease to Bring Waxing Center to Clark Commercial Center
Clark, N.J. (June 6, 2018) – Denholtz Associates has announced a new lease with Waxing the City for 1,590 square feet of retail space at the Clark Commercial Center in Clark, N.J.
Founded in 2003, Waxing the City transformed from a one-room waxing studio into a national phenomenon, now offering a full line of facial and body waxing products and services in over 30 states. Waxing the City will utilize the retail space at the Clark Commercial Center to add another franchise location to their portfolio, with plans to open for business by the end of summer 2018.
The Clark Commercial Center was acquired by Denholtz Associates and their joint venture partner, MB1 Capital Partners, in October of 2015. Shortly thereafter, construction began on a 14,000-square-foot retail space set to open in 2Q 2018. Comprised of 10 commercial buildings totaling 283,201 square feet, the Clark Commercial Center extends an entire block along Terminal Avenue in Clark, N.J., residing in one of New Jersey’s best demographic areas. The campus is located just off Exit 135 of the Garden State Parkway and a short distance from the New Jersey Turnpike, as well as strategically positioned within close proximity to a wide range of restaurants, banks, hotels and other suburban conveniences.
“Since adding the property to our portfolio in 2015, we’ve implemented our strategy to create a highly desirable property, attracting a variety of established tenants to the flex, office and soon-to-be-opened retail space that would be assets to the surrounding community,” said Kristine Hurlbut, Senior Vice President of Leasing at Denholtz Associates. “The addition of Waxing the City to our brand-new retail space at the Clark Commercial Center adds to a number of exciting tenants set to occupy space at the site and speaks to our ability to successfully execute our strategy for the property by attracting another successful brand that will allow us to provide superior, risk-adjusted returns to our investors.”
William Lenaz of RJ Brunelli & Co Inc. represented Denholtz Associates, while Rob Runyon of Franchise Real Estate represented Waxing the City in the transaction.
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