New York

Wegmans to Open 74,000-Square-Foot Grocery Store in Brooklyn

by Alex Tostado October 25, 2019

New York City — Wegmans Food Markets will open a 74,000-square-foot grocery store at the Brooklyn Navy Yard mixed-use development. The chain has garnered a cult following in the Northeast since it expanded from its original Rochester location in 1968 and now operates 100 stores, including 46 in New York. Eater New York reports that the new store will feature 350 varieties of cheese, a full-service bar and made-to-order meals at several hot and cold bars. The store is slated to open Sunday, Oct. 27.

October 25, 2019

Investment sales New York News Retailers

NNN Acquisition Group Buys 205,000-Square-Foot Walmart Store in Rochester, New York

by Alex Tostado October 23, 2019

Rochester, N.Y. — NNN Acquisition Group LLC, a Texas-based developer, has purchased a 205,000-square-foot retail property leased to Walmart store in Rochester, located approximately 70 miles east of Buffalo. NNN purchased the property for $8.3 million and may redevelop the property following the completion of Walmart’s lease term, which has less than five years remaining. Joshua Pardue of Stan Johnson Co. represented the seller, Urban Edge Properties, in the transaction.

October 23, 2019

Investment sales New York News Retailers

NuRealty Arranges Sale of 22,735-Square-Foot Retail Center in Yonkers, New York

by Alex Tostado October 17, 2019

Yonkers, N.Y. — NuRealty has arranged the sale of 778 Yonkers Ave., a 22,735-square-foot retail center in Yonkers, a northern suburb of New York. The property, which is valued at $4.9 million, is located one block from the Empire City Casino. Tenants include HSBC Bank, Beck Chevrolet and Paradise Lanes bowling alley. Ludlow Avenue Corp., a locally based limited liability firm, acquired the property, as part of a larger $5.6 million transaction. Lukasz Przybylek of NuRealty Advisors represented the undisclosed seller in the transaction.

October 17, 2019

Leasing New York News Retailers

Warby Parker Signs 1,350-Square-Foot Retail Lease in Brooklyn

by Alex Tostado September 24, 2019

New York City — Warby Parker, a retailer of prescription glasses and sunglasses, has signed a 1,350-square-foot retail lease in Brooklyn. The two-story building is located on North 6th Street in the Williamsburg neighborhood, and the store is the retailer’s second location in the borough. The store is open now. Brian Katz and Scott Sher of Katz & Associates represented Warby Parker in the lease negotiations. Hank O’Donnell of Good Space represented the landlord, RedSky Capital LLC.

September 24, 2019

Leasing New York News Restaurants

The Feil Organization Leases 9,389 Square Feet to Three Restaurants in New York City

by Alex Tostado September 12, 2019

New York City — The Feil Organization has leased 9,389 square feet of retail space to three restaurants at 7 Penn Plaza, a 357,000-square-foot building in Manhattan. Sticky’s Finger Joint, Sweetgreen and Naya Express will join Starbucks and The Juice Shop on the ground floor of the building, with all three restaurants expecting to open within the next few months. Randall Briskin represented The Feil Organization internally in all three transactions. Jacqueline Klinger of The Shopping Center Group represented Sweetgreen, and Adam Langer of SRS Real Estate Partners represented Sticky’s …

September 12, 2019

Leasing New York News Retailers

Cushman & Wakefield Negotiates 5,550-Square-Foot Retail Lease for Sephora in Brooklyn

by Alex Tostado September 4, 2019

New York City — Cushman & Wakefield, has negotiated a 5,500-square-foot retail lease for French beauty product chain Sephora in downtown Brooklyn. The retail space is located within the Atlantic Terminal Mall, across from the Barclays Center. The new store is scheduled to open in October. Brandon Singer, Ian Lerner, Alan Schmerzler and Diana Boutross of Cushman & Wakefield represented the landlord, New York-based Madison International, in the lease negotiations. Virginia Pittarelli of Crown Retail Services represented Sephora.

September 4, 2019

Development New York News Retailers

PUMA Opens 18,000-Square-Foot Flagship Store in Manhattan

by Alex Tostado August 30, 2019

New York City — PUMA has opened an 18,000-square-foot flagship store in Manhattan, the company’s first location of this kind in North America. Customers can use the store’s PUMA x YOU technology to customize clothing and accessories before purchase. Additional in-store technology includes virtual racing and soccer simulators, 3D knitting and screens that display alternate selections and colors of in-store merchandise.

August 30, 2019

Investment sales New York News Retailers

KFIR Capital Arranges $20.5 Million Sale of Retail Property in Brooklyn

by Alex Tostado August 28, 2019

New York City — KFIR Capital, a New York-based firm, has arranged the $20.5 million sale of a multifamily property in Brooklyn. The 43,000-square-foot building at 210 Clarkson Ave. was vacant at the time of sale, formerly housed a Dollar Tree store and a private school. The buyer plans to develop part of the building into a residential property. Jake Blatter of KFIR represented the seller, New York-based 210 Clarkson Corp., in the transaction. Blatter also represented the buyer, a local investor.

August 28, 2019

Development Finance New York News Retailers

Cronheim Mortgage Arranges $13.5 Million Construction Loan for Retail Center in Upstate New York

by Alex Tostado August 28, 2019

Poughkeepsie, N.Y. — Cronheim Mortgage, a New Jersey-based firm, has arranged a $13.5 million construction loan for the redevelopment of Poughkeepsie Plaza in Upstate New York. Originally constructed in 1958, the 170,966-square-foot shopping center includes three pad sites for a total building area of 175,743 square feet. Current tenants include Home Depot, BJ’s, Hobby Lobby and Best Buy. The loan carries a seven-year term of interest-only payments followed by a 25-year amortization period.

August 28, 2019

Development Grocery-anchored New York News

Whole Foods to Open 60,000-Square-Foot Store in Manhattan

by Alex Tostado August 27, 2019

New York City — Whole Foods Market will open a 60,000-square-foot store within 63 Madison Avenue, a 15-story office building in Manhattan. The store will occupy 10,000 square feet on the ground floor of the building and 50,000 square feet on the second floor. The building owner, a partnership between George Comfort & Sons, Jamestown and Loeb Partners Realty, plans to renovate the first and second floors with glass walls and a new lobby. The time frame of the construction was not specified. Peter Duncan, Matt Coudert and Alex Bermingham of …

August 27, 2019

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