East Greenbush, N.Y. — Axiom Capital Corp. has arranged a $13.3 million permanent loan for the refinancing of a retail center in East Greenbush, roughly six miles southeast of Albany. The 301,894-square-foot property comprises six separate buildings and was leased to 16 tenants at the time of the loan closing. The lender was a local bank, and the borrower was an undisclosed development and management firm.
New York City — IT’SUGAR has opened a 20,335-square-foot pop-up candy department store in New York City’s Times Square. The two-story location was previously occupied by Modell’s. The store is the company’s second largest pop-up to-date, featuring over 35 licensed candy brands, retro and international candies and TikTok-trending treats. The location also features a lollipop garden. Terms of the Times Square lease were not disclosed, but IT’SUGAR pop-ups tend to occupy spaces between 13 and 36 months.
New York City — Vanbarton Group has sold a 23,339-square-foot retail assemblage in the Morrisania neighborhood of The Bronx for $22.7 million. The sites collectively span a full block and are located at 1031-1049 Westchester Ave. and 1057 Southern Blvd. Josh Neustadter and Jonathan Squires of Cushman & Wakefield represented Vanbarton Group in the transaction. Jason Gold, Victor Sozio and Daniel Mahfar of Ariel Property Advisors represented the buyer.
New York City — Macy’s has announced a partnership with WHP Global to open Toys “R” Us in-store shops within all of its locations across the U.S. Toys “R” Us stores will range from 1,000 to 10,000 square feet and are set to open from late July through October 15. Each location will feature colorful fixtures, demonstration tables for customers to interact with toys, and a “Geoffrey on a Bench” photo opportunity for families. The in-store shops may also grow by an additional 500 to 3,000 square feet during the …
New York City — Marx Realty is set to break ground on a 6,000-square-foot Chick-fil-A restaurant in the New York City borough of Brooklyn. The location will be developed on a site formerly home to a three-story office building at 157 Flatbush Ave. in the borough’s Midwood neighborhood. Chick-fil-A will occupy the property under a 20-year lease upon completion. The restaurant will be Chick-fil-A’s first ground-up, stand-alone location in New York City. Henry Henderson and Michael Friedman of Inline Realty represented Marx Realty and Jeremy Ezra of Newmark represented Chick-fil-A …
Port Washington, N.Y. — Cedar Realty Trust has sold a portfolio of 33 grocery-anchored shopping centers for $879 million, inclusive of existing debt. The names and addresses of the centers were not disclosed, but the properties are primarily located in high-density markets throughout the Northeast and Mid-Atlantic regions. The buyer was a joint venture between two New York City-based firms, DRA Advisors and KPR Centers. The sale, which was first announced in March, comes as part of the New York-based REIT’s plan to divest of its assets prior to being …
West Haverstraw, N.Y. — JLL Capital Markets has brokered the $26.5 million sale of Samsondale Plaza, a 156,185-square-foot retail center located in the Rockland County community of West Haverstraw. Stop & Shop anchors the property, which was 91 percent leased at the time of sale to tenants including the New York State Department of Motor Vehicles, Dollar Tree, Advance Auto, Sports Clips, Sally Beauty Supply and Mandee. Jose Cruz, J.B. Bruno, Steve Simonelli, Michael Oliver, Kevin O’Hearn, Austin Pierce and Andrew Scandalios of JLL represented the seller, a joint venture …
Ithaca, N.Y. — Hanley Investment Group has arranged the $2.4 million sale of a 7,500-square-foot restaurant building in the upstate New York community of Ithaca that is fully leased to Texas Roadhouse. The property was built on 1.4 acres in 2015. Jeff Lefko and Bill Asher of Hanley Investment Group, along with Parasell Inc., represented the California-based buyer in the transaction. Dalton Barnes of Alpha Real Estate Advisors represented the Chicago-based seller.
New York City — Whole Foods Market is set to open a 54,000-square-foot store at 63 Madison Ave. in Manhattan’s NoMad neighborhood on June 1. The store will offer 1,000 items local to New York City and the surrounding area, alongside organic, conventional and local produce; a specialty cheese department; full-service seafood and meat counters; a selection of more than 180 craft beers; a prepared foods section; bakery; and wellness and beauty products. The property will also feature on-site dining options including a quick-service Mediterranean restaurant named Za’atar; Nomad 63 …
Islip, N.Y. — A public-private partnership between The Town of Islip, Suffolk County and JLL has unveiled plans for Midway Crossing, a $2.8 billion mixed-use project that will be located on Long Island. The Long Island Regional Planning Council approved the project, which will be the largest commercial or residential development on Long Island in the last 50 years, on the evening of Thursday, May 12. Midway Crossing will span approximately 2.7 million square feet across 179 acres. Plans currently call for a variety of uses, including life sciences, healthcare …