Diversified signs two new retail leases at mixed-use Summit building

Dec 14, 2021 | Deals, Retail and Entertainment

The Promenade at Summit at 545 Morris Ave. in Summit — Courtesy: Diversified Properties

By Joshua Burd

Two additional retailers are coming to a mixed-use building in Summit, bringing the property’s ground-floor commercial space to full occupancy.

Its developer, Diversified Properties, said Envy Lash and The Shape of You will occupy part of the 16,000-square-foot retail area at what’s known as The Promenade at Summit. They join tenants such as Dunkin Donuts, Kumon, The Little Gym and ConnectOne Bank, which serve both the building’s 22 apartments and the surrounding neighborhood.

“In bringing The Promenade at Summit to full retail capacity, our team has succeeded yet again in showcasing our ability to create value from strategic real estate investment and hands-on asset management,” said Nicholas Minoia, founder and managing partner of Diversified Properties. “We welcome these new tenants to The Promenade at Summit and are confident that both of them will play a direct role in the property’s continued success.”

Diversified completed The Promenade at Summit in 2010, capitalizing on the location’s quick access to highways such as Route 24 and the Garden State Parkway.

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Joshua Burd

Joshua Burd, an award-winning reporter and editor, has been covering New Jersey commercial real estate for 13 years. Many industry leaders view him as the go-to real estate reporter in the state, a role he is eager to continue as the editor of Real Estate NJ. He is a lifelong New Jersey resident who has spent a decade covering the great Garden State.

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