New York City — Daniel DePasquale of Katz & Associates has leased two retail spaces located in the New York City borough of Queens. Japanese grocery store Teso Life has signed a 6,000-square-foot lease at 42-19 Bell Blvd. in the Bayside neighborhood, and Filipino fast-casual restaurant Jollibee will occupy 3,614 square feet on the ground floor at 91-23 Queens Blvd. DePasquale represented the landlords, Paulipark Associates LLC and Midwood, respectively, in both deals. Both tenants are scheduled to open in 2023.
Farmingdale, N.Y. — Breslin Realty has arranged a long-term lease with fast-casual restaurant Noodles & Company for 2,500 square feet of space at Republic Plaza, a shopping center located in Farmingdale on Long Island. Robert Delavale of Breslin negotiated the deal on behalf of the undisclosed landlord. Other tenants of Republic Plaza include Walmart Supercenter, Chili’s, Houlihan’s, Bank of America, Panera Bread, Chipotle Mexican Grill, Burger Village, The Halal Guys and AAA.
New York City — Regal Ventures has acquired a 37,165-square-foot retail and parking condo located at 897 Eighth Ave. in Manhattan’s Hell’s Kitchen neighborhood for $35.2 million. The property’s retail component is 15,893 square feet, and the parking space spans 21,272 square feet. Regal Ventures acquired the property in partnership with Morrison Street Capital from Prudential Financial.
New York City — The Howard Hughes Corp. (NYSE: HHC) and chef Jean-Georges Vongerichten have opened the Tin Building by Jean-Georges, a 53,000-square-foot food hall at Pier 17 at the Seaport in Lower Manhattan. The new culinary destination is an adaptive reuse of the Tin Building, a historic waterfront property that once served as the site of the Fulton Fish Market. The new food hall features six new full-service restaurant concepts and six fast-casual counters, as well as three specialty retailers and bars serving wine, craft cocktails and craft beers. …
New York City — Ralph Lauren has announced plans to open 250 new stores over the next three years. These new stores comprise one aspect of the company’s plan for expansion, which also involves an omnichannel approach. “Our clear and choiceful strategies are expected to deliver sustainable long-term growth and value creation — fueled by our strong balance sheet and operating discipline — as we reinforce our position as a leading luxury lifestyle company,” says Patrice Louvet, CEO of the New York City-based company. Ralph Lauren’s new stores will be …
New York City — Five Iron Golf will open a 30,000-square-foot entertainment center at 101 Park Ave. in Manhattan. The space will house the concept’s signature golf simulators, widescreen TVs, leisure games and a full-service restaurant and bar. Anthony Dattoma of CBRE and Jason Goode of Compass Real Estate represented Five Iron Golf in the lease negotiations. John Cefaly and Nicholas Dysenchuk of Cushman & Wakefield represented the landlord, H.J. Kalikow & Co. A tentative opening date was not disclosed.
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 …