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Pier 57 Unveils 15-Vendor Lineup for Market 57 Food Hall in New York City

by Hayden Spiess

New York City — Pier 57 has announced the vendor lineup for Market 57, a new food hall located in Pier 57 on the Hudson River waterfront in in New York City. Curated by anchor tenant the James Beard Foundation (JBF), the list features 15 food and beverage vendors. The lineup includes Ammi, Bessou, Bird & Branch, Due Madri by Butcher Girls, Local Roots, LoLo’s on the Water, Malai, Mijo, Mothershuckers, Nom Wah, Harlem Hops, The Galley by Lobster Place, The Good Batch, Ras Plant Based and Zaab Zaab. Market …

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IPA Brokers Sale of 68,761-Square-Foot Shopping Center in Upstate New York

by Hayden Spiess

Watertown, N.Y. — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has brokered the sale of The Plaza at Salmon Run, a 68,761-square-foot shopping center located in the upstate New York community of Watertown. Hannaford anchors the center, accounting for 76 percent of the gross leasable space with a lease that runs through 2028. Other tenants include Red Robin, boating specialist West Marine and salon Zoom Tan. Jim Koury led an IPA team that represented the buyer and seller, both of which requested anonymity, in the transaction.

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LeasingNew YorkNewsRestaurants

Cord Meyer Signs Five New Tenants to Shopping Centers in Metro New York City

by Hayden Spiess

Queens, N.Y. — Cord Meyer Development Co. has signed three new leases at Bay Terrace Shopping Center in the Bayside neighborhood in Queens. Restaurants Avo Taco, Rosa Pizza and Monster Crab will occupy 2,533, 2,770 and 3,988 square feet, respectively. Tom Rettaliata of RIPCO Real Estate brokered the lease with Avo Taco, and Hymie M. Dweck of RIPCO Real Estate arranged the lease with Monster Crab. Matthew O’Grady of Cord Meyer represented the company as vice president of leasing. Additionally, Kyuramen Restaurant and Bar and Gregory’s Coffee have leased space …

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FinanceNew YorkNews

Ashkenazy Acquisition Corp. Receives $20.6 Million Refinancing for Manhattan Retail Property

by Hayden Spiess

New York City — Ashkenazy Acquisition Corp. has received a $20.6 million loan for the refinancing of a 25,673-square-foot retail property located along Third Avenue on Manhattan’s Upper East Side. The property was fully leased at the time of the loan closing. Ronnie Levine and Ben Jacobs of Meridian Capital Group arranged the 10-year, fixed-rate acquisition loan through Bank of Montreal on behalf of ownership.

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Northmarq Arranges $80 Million Refinancing of Long Island Shopping Center

by Hayden Spiess

Westbury, N.Y. — Northmarq has arranged the $80 million refinancing of Roosevelt Raceway Center, a 428,483-square-foot shopping center located in the Long Island community of Westbury. The center, which sits on a 48-acre site less than a mile from Roosevelt Field Mall, houses tenants such as The Home Depot, Food Bazaar Supermarket, David’s Bridal and PGA Tour Superstore. Robert Delitsky and Charles Cotsalas of Northmarq arranged the fixed-rate loan through a regional bank on behalf of an undisclosed borrower.

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DevelopmentLeasingNew YorkNews

New Tenants Join Huntington Shopping Center on Long Island as Part of $75 Million Redevelopment

by Hayden Spiess

Huntington, N.Y. — Four new tenants are set to open at Huntington Shopping Center, a 21-acre retail center located on Long Island. Federal Realty Investment Trust has arranged leases with The Container Store, Burger Village, Love Sac and Just Salad as part of a $75 million redevelopment currently underway at the property. The Container Store will occupy 15,676 square feet adjacent to Whole Foods Market, which is under construction. Burger Village and Just Salad will lease 2,756 square feet and 2,382 square feet, respectively. Furniture retailer Love Sac will open …

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FeaturesFrom The MagazineNew York

NYC Retail Enters A New Phase Of Discovery

by Katie Sloan

The New York City retail market is currently functioning like an episode of The Price Is Right. Developers, investors, brokers and operators are all trying to attach fair values to rents and sales prices for spaces of all sizes and submarkets. But after a tumultuous period marked by a global pandemic and record inflation, followed by a string of severe interest rate hikes, accurately assigning those numbers is easier said than done — at least in some submarkets. According to data from JLL, at the end of the third quarter, the …

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Barnes & Noble to Open 30 New Stores in 2023

by Hayden Spiess

New York City — Barnes & Noble will open more than 30 new stores next year, the company has announced. A location at Atlantic Avenue in Brooklyn is scheduled to be the first of the new bookstores in 2023.  In 2022, the company opened more new locations than it had in any year since 2009. Barnes & Noble attributes the growth to a “reading renaissance.”

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DevelopmentLeasingNew YorkNews

Whole Foods Market to Open 42,000-Square-Foot Store in Manhattan’s Financial District

by Hayden Spiess

New York City — Whole Foods Market will open a 42,000-square-foot store in the One Wall Street building at 66 Broadway in New York City. Opening Jan. 11, the location will include a specialty cheesemaker and artisan department, seafood counter, meat counter, prepared foods section, full-service coffee bar, bakery and an extensive selection of craft beers. The store will also feature over 1,000 local items curated by John Lawson of Whole Foods and an Art Deco-inspired design.

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Legacy Realty Group Brokers $200 Million Portfolio Sale of 146 Southeast Stores Leased to Dollar General

by Hayden Spiess

New Hyde Park and New York City, N.Y. — Legacy Realty Group Advisors LLC, a commercial real estate brokerage with offices in New York, has brokered the sale of 146 stores in the Southeast leased to Dollar General. The seller, a privately held real estate developer, sold the portfolio to the buyer, a net-lease REIT, for approximately $200 million. Both parties requested anonymity. Jacob Baruch and Daniel Baruch of Legacy Realty Group represented both the buyer and seller in the off-market transaction.

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