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BNYDC to Open 40,000-Square-Foot Food Hall in Brooklyn

by Hayden Spiess

New York City — Brooklyn Navy Yard Development Corp. (BNYDC) will open a new, 40,000-square-foot food hall in Brooklyn. Situated within the ground floor of Building 77 at the Brooklyn Navy Yard property, the venue is scheduled to open Oct. 19. Concepts at the food hall, dubbed Market @77, will include Russ & Daughters, Hungry House, Jalapa Jar, Pizza Yard, Sabor, Rustik Tavern, Transmitter Brewing and She Wolf Bakery. The BNYDC is a not-for-profit corporation that serves as the developer and manager of the property on behalf of the City of …

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Waynesboro Town Center
Investment salesNew YorkNewsVirginia

Chase Properties Acquires Two Retail Centers Totaling 350,810 Square Feet in New York, Virginia

by Hayden Spiess

Ithaca, N.Y. and Waynesboro, Va. — Chase Properties has acquired two retail centers — Creekside Plaza in Ithaca, New York, and Waynesboro Town Center in Waynesboro, Virginia. Built in 2001, Creekside Plaza comprises 180,000 square feet. Tenants at the property, which was 95 percent leased at the time of acquisition, include Dick’s Sporting Goods, HomeGoods, Barnes & Noble and O’Reilly Auto Parts. Waynesboro Town Center was built in 2007 and was 98 percent leased at the time of acquisition. Tenants at the 170,810-square-foot property include Ross Dress for Less PetSmart, Burlington …

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Spirit Christmas
Company newsConnecticutMassachusettsNew JerseyNew YorkNewsPennsylvania

Spirit Halloween to Open 10 Christmas Stores

by Hayden Spiess

Egg Harbor Township, N.J. — Spirit Halloween has announced plans to test a new, Christmas-themed concept with the opening of 10 stores. Spirit Christmas stores will feature décor, apparel, inflatables, gifts and stocking stuffers, as well as interactive elements including a life-sized gingerbread village. Scheduled to open beginning in November, the 10 test stores will be located at shopping centers in New Jersey, New York, Pennsylvania, Connecticut and Massachusetts. 

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Investment salesNew YorkNews

Nouvini Property Investments Buys Long Island Retail Property for $3 Million 

by Hayden Spiess

Greenlawn, N.Y. — New York-based Nouvini Property Investments has purchased a retail property in the Long Island community of Greenlawn for $3 million. According to LoopNet Inc., the 20,000-square-foot property was built in 2012 and is leased to multiple restaurants. Triple Net Brokers represented both Nouvini and the undisclosed seller in the transaction.

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Whole-Foods-Market-Daily-Shop_New-York-City
Company newsNew YorkNews

Whole Foods Market Opens First Small-Format Store in New York City

by Hayden Spiess

New York City — Whole Foods Market has opened the first of its new small-format stores in New York City. Situated within the Upper East Side, the Whole Foods Market Daily Shop comprises 9,101 square feet. In addition to produce, meat, seafood and other groceries, the store features a Juice & Java venue, prepared foods and single-serve hot bowls and meals. Two additional small-format stores are scheduled to open within the city as well, in the East Village StuyTown development and Hell’s Kitchen.  

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Price-Chopper-Plaza-Binghamton
Grocery-anchoredInvestment salesNew YorkNews

IPA Negotiates $14 Million Sale of Upstate New York Shopping Center

by Katie Sloan

Binghamton, N.Y. — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has negotiated the $14 million sale of Price Chopper Plaza, a 127,000-square-foot shopping center located in the upstate New York community of Binghamton. Regional grocer Price Chopper has been the anchor tenant at the center, which was 97 percent leased at the time of sale, since 1987. Other tenants include Planet Fitness, Big Lots and Dollar Tree. Jim Koury of IPA represented the seller and procured the buyer, both of which requested anonymity, in the transaction.

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636-Sixth-Avenue_New-York-City
Investment salesNew YorkNews

Union Investment, Nuveen Sell 18,300-Square-Foot Retail Property in Manhattan

by Hayden Spiess

New York City — A joint venture between Union Investment and Nuveen Real Estate has sold 636 Sixth Avenue, a retail property located in the Flatiron District of Manhattan in New York City. The property totals roughly 18,300 square feet and features office space on the upper floors. The joint venture originally acquired the building in 2016 for the open-ended real estate fund Unilmmo: Global. The undisclosed buyer plans to redevelop the property. 

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Big-Lots-Inglewood-California
Company newsFinanceNew YorkNewsOhio

A&G to Sell 296 Big Lots Store Leases in Connection with Bankruptcy Proceedings

by Hayden Spiess

Melville, N.Y. — A&G Real Estate Partners will market 296 Big Lots store leases for sale in connection with the retailer’s bankruptcy proceedings and restructuring. Columbus, Ohio-based Big Lots filed for Chapter 11 bankruptcy on Sept. 9 of this year to facilitate a sale of substantially all of its assets and operations to an affiliate of Nexus Capital Management. Big Lots has already received approval to commence a sale process of 144 store leases and will seek approval in the coming weeks for the sale process of the additional 152 leases. …

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Hudson-Heritage_Poughkeepsie-N.Y
Grocery-anchoredInvestment salesNew YorkNews

CBRE Arranges $34 Million Sale of Retail Center in Poughkeepsie, New York

by Hayden Spiess

Poughkeepsie, N.Y. — CBRE has arranged the $34 million sale of Hudson Heritage, a retail center located in Poughkeepsie. ShopRite anchors the property, which totals 120,499 square feet. Other tenants at the center, which was 92 percent leased at the time of sale, include CVS/pharmacy, Starbucks Coffee, Chipotle Mexican Grill, AT&T, Jersey Mike’s Subs, Burger King and PulseMD. An entity doing business as EFG/Saber Heritage SC LLC sold the property to East Coast Acquisitions. Jeffrey Dunne, David Gavin and Travis Langer of CBRE represented the seller in the transaction. 

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