A Chipotle Mexican Grill has leased 2,200 square feet of space at 222 Market St. in Newark, part of the RockPlaza Lofts residential and commercial development, according to Winick Realty Group.
Winick Realty Group N.J. Senior Vice President and Founding Partner Daniel Spector was the exclusive broker for the transaction. Financial terms were not disclosed.
Spector said this marks the first quick service restaurant to open in downtown Newark in decades.
“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.”
Spector said the restaurant has created jobs for many local residents.
ALSO ON NJ BIZ: