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- LoopNet Team
South Avenue & Center Street
Garwood, NJ 07027
Vermella at Garwood Station - Retail · Property For Lease
HIGHLIGHTS
- Great retail location with high traffic count
PROPERTY FACTS
| Property Type | Retail | Year Built | 2022 |
| Gross Leasable Area | 19,574 SF |
| Property Type | Retail |
| Gross Leasable Area | 19,574 SF |
| Year Built | 2022 |
ABOUT THE PROPERTY
• New mixed-use project in the heart of Garwood with 296 residential units and 19,500 square feet of retail at the intersection of South Avenue and Center Street. • PILOT program that will significantly reduce each tenant’s taxes, also providing a fixed figure for decades. • Dedicated on-site parking for retail customers. • High trafficked retail corridor that residents of Westfield, Cranford and Garwood. • Captured audience with the residents in the building as well as being adjacent to the Garwood Train Station, within steps of the project. The building is currently 80% leased with an average rent of over $3,000 per month. • Extremely dense market with a population of approximately 129,000 within 3 miles and surrounded by national and regional retailers attracting consumers from a multitude of towns. • Very strong median income levels to coincide with a daytime population of approximately 137,000 people within 3 miles. • Outdoor seating opportunities available
