CBRE Completes Lease For Last Retail Space At The Shoppes At Mountainview Station

2/20/19

New Lease with Tumble Zone Brings Shopping Center to 100 Percent Occupancy

CBRE has completed a lease for the last available retail space at The Shoppes at Mountainview Station, located at 132-172 Mountainview Boulevard in Wayne, New Jersey. Tumble Zone, which offers children gymnastics classes and skills training for tumbling, Acro, bars, high beam and airtrack, inked a 2,650 sq. ft. lease at the prominent shopping center. The commitment by Tumble Zone boosts the occupancy at The Shoppes at Mountainview Station to 100 percent.

CBRE Vice President Patti AmecAngelo represented the ownership of the shopping center, Mountainview Capital LLC, an affiliate of BSG Management Company of North Bergen, NJ, as well as the tenant during lease negotiations.

Anchored by DollarTree, The Shoppes at Mountainview Station totals 30,000 sq. ft. Mountainview Capital purchased the shopping center in 2013 and subsequently committed to major capital improvements and upgrades. At the time, the center was 75 percent vacant so the ownership appointed Ms. AmecAngelo as its exclusive leasing agent to bring in top-quality, national tenants.

“Repositioning this center has been a fun experience and we are thankful to Patti for helping us get the right mix of great tenants for this project,” said Raymond Eshaghoff, President of BSG Management Company.

“The success of The Shoppes at Mountainview Station is undeniable given that we were able to work closely with the ownership and the brokerage community to attract some of the best retailers in the market,” said Ms. AmecAngelo. “In addition to Tumble Zone, we initially brought in DollarTree, as well as Terrain Fitness and THE MAX Challenge. The most recent commitment is the final piece of the puzzle and brings this shopping center to full occupancy.”

About CBRE Group, Inc.

CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2018 revenue). The company has more than 90,000 employees (excluding affiliates) and serves real estate investors and occupiers through more than 480 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.