Profile by Sanford Joins Roster of Major Retailers at Whole Foods-Anchored Center in Bound Brook, NJ

In a transaction arranged by CBRE, Profile by Sanford (Profile), a weight loss program rooted in science and research, inked a 2,000-sq.-ft. retail lease at Chimney Rock Shopping Center in Bound Brook, New Jersey. Profile is the latest tenant to join a roster of high-profile national retailers at Regency Center’s 218,000-sq.-ft. development, anchored by Whole Foods.

The CBRE team of John Hanlon and Ellada Davidova represented Regency Centers in the lease negotiations. CBRE is currently marketing the last two remaining end-cap spaces, comprised of 2,560 sq. ft. and 2,650 sq. ft. The average asking rent is $65-per-sq.-ft.

 “The Profile commitment, which follows new lease signings by Lands’ End, Club Pilates, Paris Baguette and Med First Primary &Urgent Care, is yet another sign of the tremendous success Chimney Rock has experienced since its inception by Regency Centers,” said Mr. Hanlon, Senior Vice President. “Currently, the complex is home to many of the nation’s most well-recognized retailers, and we look forward to completing new deals for the last two available spaces.”

Developed by Regency Centers, the preeminent national owner, operator and developer of thriving shopping centers located in affluent and densely populated trade areas, Chimney Rock Shopping Center is located in Somerset County, one of the wealthiest counties in the United States. The center boasts an abundance of high-profile retail tenants, including Cost Plus World Market, Nordstrom Rack, Saks Off Fifth, The Container Store, Whole Foods and Verizon Wireless, among others.

Marc Shein of NAIDB represented Profile in the lease negotiations.

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.