JLL announced today that it has arranged three new leases for Phenix Salon Suites, the leading US franchise for salon and lifestyle professionals.
JLL Managing Director David Townes and Vice President Alana Friedman serve as exclusive leasing agents for the Encinitas, CA-based franchise retailer in the New York metropolitan area and brokered all three long-term lease deals on behalf of the company.
In East Harlem, Phenix leased a 6,939-square-foot ground floor end cap space at the newly developed 201 East 125th St. Also known as One East Harlem, the 19-story mixed used development features 404 rental apartments and over 62,000 square feet of retail anchored by Food Bazaar. RIPCO brokers Jason Pennington and Jessica Hedrington represented ownership in the lease.
Phenix also leased 12,657 square feet at 727 Broad St., Newark, New Jersey. The franchise will occupy the entire second floor above the recently opened new Burlington Coat Factory outlet. Surrounded by notable landmarks, corporate occupiers and retailers including Nike, Gap and Wholefoods, the space enjoys a full block of frontage with windows along Broad Street. Marta Villa of CBRE represented ownership in the lease.
Finally, Phenix leased 5,166 square feet at Avalon at Wesmont Station, part of a transit-oriented development built at the old Curtiss-Wright aircraft-engine plant in Wood-Ridge, New Jersey. Townes and Friedman represented both tenant and landlord in the transaction.
“The Tri-State is one of the nation’s most culturally diverse areas, with a fresh and vibrant fashion identity, making it the perfect place for Phenix Salon Suites to grow its business,” said Townes. “We are thrilled to support its continued expansion to prime locations across the region.”
The three new leases bring the number of Phenix Salon Suites in the region to 80 and nearly 400 worldwide, reflecting strong demand for the brand’s distinctive co-working concept for entrepreneurial beauty, health and wellness professionals.
Each Phenix Salon Suite is equipped with upscale amenities, including a styling chair, shampoo chair, two cabinets, a hairdryer and a shampoo bowl that hooks directly onto the sink. The salon essentials are designed to meet each professional’s basic needs while providing them the opportunity to customize their suites, set their own hours, and operate their businesses as sole proprietors. Since launching in 2007, the brand has been named by Entrepreneur as one of the Fastest Growing Franchises multiple times.
JLL is a leader in the New York tri-state commercial real estate market, with more than 2,600 of the most recognized industry experts offering brokerage, capital markets, property/facilities management, consulting, and project and development services.
About Phenix Salon Suites
The California-based salon suite franchise is a salon suite rental concept that offers an opportunity for salon and lifestyle professionals to have their own salon suite within a larger, well-located salon. Phenix Salon Suites does not sell haircuts. The brand licenses individualized suites so professionals can service their clients in a safe and secure environment. Founded in 2007 by beauty expert Gina Rivera, who has family roots in the industry dating back to 1929, she has reinvented the salon industry with Phenix. The company began franchising in 2012 and today has over 340 salons across 33 states with plans to expand internationally. Recognized 10 years in a row on Entrepreneur’s Franchise 500 list, Phenix Salon Suites is acknowledged as an industry leader with franchise opportunities available in a number of key markets throughout the United States. For more information on franchising with Phenix Salon Suites, please visit www.phenixsalonsuitesfranchising.com
About JLL
For over 200 years, JLL (NYSE: JLL), a leading global commercial real estate and investment management company, has helped clients buy, build, occupy, manage and invest in a variety of commercial, industrial, hotel, residential and retail properties. A Fortune 500® company with annual revenue of $20.8 billion and operations in over 80 countries around the world, our more than 110,000 employees bring the power of a global platform combined with local expertise. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAYSM. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.
