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JLL Inks 2 Retail Leases at Newark’s Courtyard by Marriott

JLL has completed two new five-year retail leases at the Courtyard by Marriott at 858 Broad St. in downtown Newark, NJ, for the owner, an affiliate of Tucker Development Corp. Seafood restaurant Just Beclaws signed for 5,318 square feet of retail space, while the U.S. Army Recruiting Command leased 3,500 square feet at the 150-key hotel’s base.

The building owner was represented by JLL’s Marta Villa and Blake Shanaphy. Just Beclaws was represented by Charles Du with Century 21 Main Street Realty. The U.S. Army Recruiting Command was represented by a Tucker affiliate in-house.

“Newark’s resurgence continues to enhance the city’s reputation in the eyes of retailers from around the state and the nation,” said Villa. “We are seeing increased leasing velocity in downtown Newark up and down Broad Street.”

When the Courtyard by Marriott opened in 2012, it became downtown Newark’s first new hotel in more than 30 years.

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).