Katz & Associates’ Jonathan Greenberg represented Hoboken Theaters LLC in the sale of the 20,000-square-foot former Bow Tie Cinemas to Hoboken Grace Community Church for $13,000,000. Grace Church will be using the site at 409 14th Road as their new headquarters and community center for services, concerts, school graduations, and other activities. It is anticipated to open later this year. JLL’s Jon Compitello and Dan Spero represented Hoboken Grace Community Church in the transaction.
“Hoboken Grace has been a fixture for a long time and had been looking for a more permanent home, said Jonathan Greenberg, Director, Katz & Associates. “The theater’s closing during the pandemic provided a good opportunity for Grace Church to take the space. It will be an asset to the community.”
Katz & Associates began operations in January of 1996. The company currently maintains offices in New York City, Charlotte, Boca Raton, Nashville, New Jersey and Orlando. Katz & Associates’ primary focus is assisting retailers, restaurants and landlords in all capacities including strategic planning, market analysis, lease and sale negotiations and dispositions. Our team of seasoned veterans has decades of experience and invaluable market knowledge.