Winick Realty Group Leases Chipotle Location in Newark, NJ
Winick Realty Group NJ Senior Vice President and Founding Partner Daniel Spector successfully leased 2,200 square feet for Chipotle Mexican Grill at 222 Market Street, part of the RockPlaza Lofts residential and commercial development in Newark, NJ.
Chipotle is now the first national quick service restaurant to open in Downtown Newark in decades, said Spector, who serves as Chipotle’s exclusive broker in New Jersey and Long Island. “This was a very neglected block in Newark and the developer, Fidelco Realty Group, came in and completely changed the look and feel of the entire area,” Spector said. “The property has now been drawing interest from many highly-regarded retailers, including New Jersey’s only Dinosaur Barbecue, which opened next door.”
According to Spector, Chipotle was drawn to the prominent location of the store, which positions the brand near such heavily-trafficked sites as Seaton Hall University Law School and the Prudential Center, home of the New Jersey Devils.
“Chipotle took a chance and went into a downtown market that is being rehabilitated, and so far they have been very happy with this location,” Spector said. “The store is beautifully built out and it has created jobs for many local residents.”
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Winick Realty Group is one of New York’s prominent real estate firms specializing in retail leasing and advisory services. Over the years, Winick Realty has served a broad range of domestic and global clients, with a strong emphasis on long-term representation and expansion and growth strategies. Winick Realty Group is highly recognized as a forerunner in the retail real estate market.