Once a sublet, now a permanent tenant. Aqui Market, which has occupied a 24,500-square-foot former Acme space at Twin City Shopping Center in Jersey City, New Jersey since 2011 as a subtenant, has now extended its commitment to the property with a direct, long-term lease. A family-owned and operated food market with Latin flair, Aqui Market was founded in 1990 and has four New Jersey locations.
Levin Management Corporation Leasing Representative E.J. Moawad arranged the Aqui Market lease.
“As an essential retail category – and one that has proven to be Internet-resistant – grocery is a significant element for any shopping center,” said Moawad. “Aqui Market is a perfect match both for this neighborhood and Twin City Shopping Center, and we are pleased to have them remain a tenant here for many years to come.”
The 95,000-square-foot strip center, located at the intersection of Garfield Avenue/Broadway and 53rd Street, has undergone a series of renovation over the past few years, including a new façade, stonework and sidewalk refurbishmentsl. Recently completed enhancements at the center include converting parking lot lights to LED, new pylon signage, new post-and-rail fencing and upgraded landscaping.
Tenants include Retro Fitness, T-Mobile, Taco Bell, Popeye’s Louisiana Kitchen, Wendy’s and Dunkin’.