Cushman & Wakefield Inks Dining Lease in Downtown Nutley, N.J.

Nutley, NJ – Pag’s, a popular North Jersey restaurant and catering operator, will relocate from Paramus to Nutley in an expansion move, announced commercial real estate services firm Cushman & Wakefield. The restaurant opened in 2018 on the Paramus Golf Course; its new location at 227 Franklin Ave. will feature downtown dining in an established retail neighborhood.

Cushman & Wakefield retail leasing broker David Townes, whose team specializes in restaurant leasing, represented landlord Bao Lung Realty Corp. in orchestrating the long-term lease for the 6,300-square-foot, former Kyoto Buffet Restaurant space.

Roman Drukarov from Berkshire Hathaway Home Services NJ acted as tenant representative for Pag’s. Under the direction of Chef David Paglia, Pag’s serves both quality interpretations of classic American dining dishes and “daring new ventures into the uncharted territories of food,” according to the restaurant’s website.

“This lease came together within three weeks of our bringing the space to market,” Townes noted. “Pag’s quickly saw the benefit of this high-visibility, turn-key restaurant opportunity. The building is located on arguably the best block of Franklin Avenue – a high-traffic downtown thoroughfare that offers a vibrant mix of dining, retail and services. Pag’s will be a great addition for Nutley residents, visitors and employees of local businesses.”

Cushman & Wakefield’s New Jersey retail team, based in East Rutherford, offers expertise in restaurant leasing – working both with owners of former restaurant spaces, and restaurant tenants and operators throughout New Jersey and New York. The team provides comprehensive, integrated real estate services for all types of retail occupiers, landlords and investors – marketing properties, aligning brands to opportunities and providing clients with intelligence for smart decision-making. This includes serving as strategic advisors for tenants, whether they have a single request or require a full market entry plan, and as long-term partners for owners looking to market and tenant their properties for maximum performance. The team currently represents more than 1 million square feet of retail space throughout the region.

About Cushman & Wakefield

Cushman & Wakefield (NYSE: CWK) is a leading global real estate services firm that delivers exceptional value for real estate occupiers and owners. Cushman & Wakefield is among the largest real estate services firms with approximately 51,000 employees in 400 offices and 70 countries. In 2018, the firm had revenue of $8.2 billion across core services of property, facilities and project management, leasing, capital markets, valuation and other services. To learn more, visit www.cushmanwakefield.com or follow @CushWake on Twitter.