The lease, which includes more than 10,000 square feet of retail space, was approved in August 2018 by NJ TRANSIT’s Board of Directors.
The deal will provide non-fare box revenue totaling more than $1.6 million to NJ TRANSIT over the course of the lease.
“We are very pleased to welcome Starbucks to Newark Penn Station and look forward to a long and beneficial partnership with them,” NJ TRANSIT President and CEO Kevin Corbett said in a release.
“Non-fare box, revenue-generating opportunities like this are critical to securing the funding to put NJ TRANSIT back into national prominence while keeping ticket prices stable."
The new Starbucks opens at 5:30 a.m. on weekdays, 6 a.m. on weekends and will close at 9 p.m. each night.
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