Cushman Wakefield leases Planet Fitness in Paterson

Commercial real estate firm Cushman & Wakefield on Friday announced it has leased an 18,000-square-foot space at 100 Hamilton Plaza in Paterson to Planet Fitness, the health club franchise.

The Hamilton Plaza is a 175,000-square-foot downtown office tower.  Planet Fitness will occupy the entire first-floor of the building, according to the news release.

Nancy Erickson, director of New Jersey Retail, and Jennifer Sofia, both based in Cushman & Wakefield’s East Rutherford office, brokered the long term lease on behalf of the property owner Mountain Development Corp.

Curtis Nassau and Florian Suserman of Ripco Real Estate represented the tenant.

“This was an interesting assignment,” Erickson said in a statement. “Our initial goal involved drawing a tenant — like Planet Fitness — that would serve as an amenity for office tenants at 100 Hamilton Plaza, but we saw interest from a range of users, from national restaurants to local furniture. The building offers 100 feet of retail frontage along Market Street, and the prior bank tenant used the rooftop branding that is visible from I-80 and throughout the city. This high visibility and the neighborhood’s Urban Enterprise Zone benefits proved to be strong draws.”

Planet Fitness is expected to open this summer.

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