Sportime Pickleball Leases 80,000 SF Retail Space In Wayne & Englewood | 77 Willowbrook Boulevard | Kenji Ota, Kathryn Cruz, Andrew Somple, Neil Seth, Jennifer Konefsky | Retail | Lease

Summary

Lease

NEW JERSEY

Retail

160,000 sqft

The property involved in the deal is a retail asset with a total square footage of 80,000. The leases were signed for two locations - 77 Willowbrook Boulevard in Wayne and 62 New Jersey Highway 4 in Englewood. Cushman & Wakefield and NAI James E. Hanson were the brokerages involved in facilitating the long-term leases for Sportime Pickleball, a division of Sportime Clubs.

Summary of transaction details:

Property Type: Retail
Transaction Amount: Not specified
Address: 77 Willowbrook Boulevard & 62 New Jersey Highway 4
Market: Wayne & Englewood
Tenant: Claude Okin - Sportime Pickleball
Cushman & Wakefield Brokers: Jennifer Konefsky, Kathryn Cruz, Kenji Ota, Neil Seth
NAI James E. Hanson Broker: Andrew Somple

The leases for the two locations in New Jersey were handled by a group of experienced brokers. Sportime Pickleball's principal, Daren Hornig, expressed enthusiasm for opening these clubs, which will feature dedicated Pickleball courts. Plans are in place for the clubs to open in the Fall of 2024 and the first quarter of 2025.

Players

All
7

Agents
5
Agencies
2

Kenji Ota

Executive Managing Director

Kathryn Cruz

Retail Broker

Andrew Somple

Senior Vice President

$48.7M Sold

Neil Seth

Managing Director

Jennifer Konefsky

Senior Associate, Retail Services

Cushman & Wakefield

NAI James E. Hanson

Details

Deal Summary

LEASED

IMAGE: 04/30/2024 ADDRESS: 77 Willowbrook Boulevard & 62 New Jersey Highway 4 MARKET: Wayne & Englewood ASSET TYPE: Retail ~ SF: 80,000 TENANT: Claude Okin - Sportime Pickleball BROKERS: Jennifer Konefsky, Kathryn Cruz, Kenji Ota & Neil Seth - Cushman & Wakefield; Andrew Somple - NAI James E. Hanson LEASE TERM: long-term NOTE: Cushman & Wakefield facilitated two long-term leases totaling 80,000 square feet for Sportime Pickleball, a division of Sportime Clubs, the largest racquet facility operator in the Northeast. The 50,000-square-foot lease for the Wayne location at 77 Willowbrook Boulevard was handled by Cushman & Wakefield’s Neil Seth, Jennifer Konefsky, Kenji Ota, and Kathryn Cruz, while the 30,000-square-foot lease for the Englewood location at 62 Route 4 East was managed by NAI James E. Hanson’s Andrew Somple. Sportime Pickleball principal Daren Hornig expressed excitement about opening these two clubs in New Jersey, featuring dedicated Pickleball courts with plans for openings in Fall 2024 and the first quarter of 2025.

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Address77 Willowbrook Boulevard

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