Real estate firm LCOR has selected Cushman & Wakefield to exclusively lease 25,000 square feet of space at Valley & Bloom, which is the initial phase of the Montclair Center Gateway Redevelopment Plan.
Valley & Bloom will be located at 638 Bloomfield Ave., and will comprise two buildings that will include more than 250 apartments, 24,500 square feet of office space and 25,500 square feet of retail space.
Nancy Erickson, director of N.J. retail for Cushman & Wakefield’s East Rutherford office, and Associate Director Jennifer Sofia are spearheading the leasing of the initial 25,000 square feet of retail space. LCOR and co-developer The Pinnacle Companies broke ground on Valley & Bloom in November 2013, with anticipated completion slated for a spring 2015.
“We will be working very closely with LCOR to bring in a targeted tenant roster consisting of both local and national retailers to Valley & Bloom,” Erickson said. “We are targeting retailers that fit in with Montclair’s sense of community and support the already-thriving downtown.”
“With 18-foot ceilings and large floor plates, the scale of this space is unique for the Montclair area, which typically doesn’t see retail larger than 1,000 square feet,” James Driscoll, senior vice president of LCOR, said in a prepared statement. “This offering provides local and national retailers, as well as restaurants, the rare opportunity to establish a presence in an existing market with brand new space convenient to parking and an active walkable community, and we are very confident that Nancy Erickson and her team, with their well-documented track record of success as both landlord and tenant representatives, will accomplish that goal.”
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