New York

Huntington Shopping Center

Huntington Station, NY. — Federal Realty has announced plans for the $75 million redevelopment of Huntington Shopping Center, a 21-acre community shopping center in the Long Island community of Huntington Station. Enhancements to the center will include updated facades; reconstructed parking lots; new landscaping and walkways; the development of two pad sites; and the addition of outdoor seating areas. Whole Foods Market is also set to open as part of the redevelopment. The center is home to tenants including PetSmart, Ulta Beauty, Tilly’s and Michaels. All current tenants will remain …

0 FacebookTwitterLinkedinEmail
Aaron Wu

Elmsford, N.Y. — DLC Management Corp has named Aaron Wu vice president and head of acquisitions. In his new role, Wu will lead the company’s acquisitions platform by exploring ways to create growth for the portfolio and collaborating with others to establish strategic investments. Prior to joining DLC, Wu most recently served as managing director and head of acquisitions for AmCap Incorporated.

0 FacebookTwitterLinkedinEmail
Fountain-Square-800x462

New York City — American Finance Trust Inc. (NASDAQ: AFIN) has entered into a definitive agreement to acquire a portfolio of 81 retail centers from CIM Real Estate Finance Trust, a REIT managed by Los Angeles-based CIM Group. The transaction is valued at $1.32 billion. The 9.5 million-square-foot portfolio comprises power retail and grocery-anchored shopping centers, as well as two single-tenant properties. The weighted average lease term of the portfolio is five years, according to CIM. The names and locations of the retail properties were not disclosed. The transaction price comprises primarily …

1 FacebookTwitterLinkedinEmail

New York City — Ghost kitchen operator Kitchen United has opened a 6,400-square-foot space at 307 W. 38th St. in Midtown Manhattan where it will offer takeout and delivery of brands such as Wingstop, Jersey Mike’s Subs and Chili’s. The location is the third in New York City for Kitchen United, which also recently acquired software and ghost kitchen developer Zuul. The acquisition saw Zuul’s existing locations in the Soho and Hudson Yards neighborhoods rebranded as a Kitchen United MIX centers last month.

0 FacebookTwitterLinkedinEmail
Starbucks

New York City — Starbucks Coffee and Amazon have opened a new store concept on 59th Street between Park & Lexington Avenues in New York City. The new concept combines Starbucks’ Pickup feature with Amazon Go, allowing customers to use the Starbucks app to order ahead as well as Amazon’s ‘Just Walk Out’ technology for an easier checkout experience. The store also features a modern lounge with individual workspaces and bigger tables with power outlets and USB ports. Additionally, the Starbucks Pickup with Amazon Go store offers the full Starbucks …

0 FacebookTwitterLinkedinEmail

Staten Island, NY. — Kimco Realty Corp. has signed 14 new tenants to The Boulevard on Staten Island, an open-air retail center in Staten Island. Applebee’s, Old Navy, Party City, Spectrum, Urban Planet and Sterling Optical have opened at the property. Lobo Loco, Panera Bread, On a Roll, Hawaii Poke Bowl, Menchie’s Frozen Yogurt, Greek Xpress and Tropical Smoothie Café and jewelry retailer Michael’s Jewelry of NY are set to open within the next few months. During the first quarter of 2022, Alamo Drafthouse Cinema, New China Hibachi, Sese Spa, …

0 FacebookTwitterLinkedinEmail

Syracuse, N.Y. — Cleeman Realty Group has negotiated the $4.2 million sale of Airport Plaza, a 97,000-square-foot shopping center in Syracuse. The property was fully leased at the time of sale. Sam Seelenfreund of Cleeman Realty represented the undisclosed buyer and seller in the off-market transaction.

0 FacebookTwitterLinkedinEmail
Kings Plaza

New York City — Target is set to open a 90,000-square-foot store at Kings Plaza, an enclosed shopping mall owned by Macerich in the New York City borough of Brooklyn. J.C. Penney formerly occupied the three-level space. A timeline for opening was undisclosed. Tenants at Kings Plaza include Primark, Burlington, Zara, Macy’s, Michael Kors, Chipotle Mexican Grill, Megumi of Japan, Sbarro and Yong Kang Street.

0 FacebookTwitterLinkedinEmail

New York City — Bathhouse has signed a 34,328-square-foot lease at 7 West 21st St. in Manhattan’s Flatiron District. The location within Friedland Properties’ 289,809-square-foot residential building will be the company’s first in Manhattan to accompany its space in Brooklyn’s Williamsburg area. Jason Pruger and Lucas Kooyman of Newmark represented Friedland Properties in the lease negotiations. Ross Eisenberg of RDE Advisors Inc. represented Bathhouse.

0 FacebookTwitterLinkedinEmail
Eltingville Shopping Center

New York City — NorthMarq has arranged a $17.5 million CMBS loan for the refinancing of Eltingville Shopping Center, a 98,523-square-foot retail property in Staten Island. Tenants include Rite Aid, Advance Auto Parts and Santander Bank. Charles Cotsalas and Robert Delitsky of NorthMarq arranged the 10-year, interest-only loan through an undisclosed direct lender. The borrower was also not disclosed.

0 FacebookTwitterLinkedinEmail