Paramount Assets Arranges Lease with Teriyaki Madness in Newark, N.J.
Fast-Casual Chain Opens First Garden State Location at 137 Halsey Street
November 22, 2019 // Franchising.com // NEWARK, N.J. - Fast-casual restaurant chain Teriyaki Madness recently celebrated the grand opening of its first New Jersey location at Paramount Assets' 137 Halsey Street in Newark. Samir Guzman, Paramount’s executive director of leasing and marketing arranged the 2,000-square-foot lease; Marta Villa of JLL represented the tenant.
“Situated on what arguably is the busiest corner in the Halsey Street corridor – just two blocks from Rutgers University – 137 Halsey Street proved the ideal location for this brand’s expansion into the Garden State,” said Guzman. “Teriyaki Madness is a great addition to Newark’s evolving retail landscape, and a terrific amenity for the City’s residential and business populations.”
The Seattle-style teriyaki restaurant offers large portions of flavorful food at reasonable prices. Menu items are made with high-quality ingredients such as all-natural marinated chicken, steak, salmon or tofu with stir-fried veggies and a base of steamed white, brown or fried rice, or Yakisoba noodles. “The food is delicious and clearly makes people happy,” said Newark resident Yash Jagad, who brought Teriyaki Madness to the City. “I think this concept would be a good fit anywhere. But I’m especially excited to have brought this brand to my community. Newark and Teriyaki Madness share a similar confidence as a City and brand both on the rise.”
Paramount Assets is a family-owned, regional, full-service real estate investment firm specializing in urban property ownership, management and development. The company’s rapidly expanding portfolio currently includes 3.1 million square feet of commercial, multifamily and mixed-use holdings across 25 New Jersey municipalities – including a notably growing foothold in the City of Newark. The company maintains a holistic, vertically integrated approach to real estate development, with in-house acquisition, leasing, legal, accounting, property management and construction teams.
About Paramount Assets
45 Academy Street, 5th Floor, Newark, NJ 07102
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About Teriyaki Madness
Teriyaki Madness, a fast-casual teriyaki shop concept, is committed to unconditionally satisfying guests by offering delicious, made-to-order Teriyaki dishes prepared with fresh, all-natural ingredients served quickly and at a reasonable price in a fun, relaxed atmosphere. The simple menu lets guests choose their protein, type of rice or noodles and desired vegetables for a fully customizable bowl made as healthy as the customer wants. The brand is dedicated to “Spreading the Madness” so everyone can experience the best teriyaki on earth. Teriyaki Madness was recently recognized among Entrepreneur Magazine’s Top Food Franchises of 2019 and was named one of FastCasual’s 2019 Movers and Shakers, and has been named to the Inc. 5000 list for three straight years. Founded in 2003, the brand currently has franchise agreements in place for nearly 150 shops across the U.S. Teriyaki Madness offers franchising opportunities nationwide for their concept to qualified single and multi-unit candidates.
SOURCE Teriyaki Madness