New York

Cornell Tops Out 72,000-Square-Foot Retail, Office Building in Brooklyn

by Alex Tostado June 11, 2019

New York City — Cornell Realty Management has topped out 200 Kent Avenue, a 72,000-square-foot retail and office building located in the Williamsburg area of Brooklyn. The property spans 50,000 square feet of retail space that will be anchored by a Trader Joe’s, 22,000 square feet of office and restaurant space and 45,000 square feet of parking. Manhattan-based Madison Realty Capital originally provided a $64 million construction loan for the project in November 2017, and Bluestone Group recently provided $8 million in mezzanine debt to finance additional capital expenditures.

June 11, 2019

Investment sales New York News Retailers

Wilson Development Group Acquires 195,972-Square-Foot Retail Power Center in Upstate New York

by Alex Tostado June 6, 2019

Liverpool, N.Y. — SRS Real Estate Partners, a Dallas-based retail brokerage firm, has closed the sale of Clay South Center, a 195,972-square-foot power center in Liverpool, located northwest of Syracuse. Shadow-anchored by Target and anchored by Hobby Lobby and Lowe’s, the property was fully leased at the time of sale to other national tenants such as Chipotle and Verizon Wireless. Kyle Stonis, Pierce Mayson and Jonathan Lapat of SRS represented the seller, a partnership between South Clay Development Co. LLC and Clay Route 31 Development Co. LLC, in the transaction. Kyle Fant …

June 6, 2019

Investment sales New York News Retailers

Cushman & Wakefield Arranges $3.2 Million Sale of Retail Property in The Bronx

by Alex Tostado June 6, 2019

New York City — Cushman & Wakefield has arranged the $3.2 million sale of an 8,874-square-foot retail property located at 2542-2550 Boston Road in The Bronx. The sales price for the two-building property equates to $361 per square foot. Cushman & Wakefield’s Jonathan Squires, Eric Roth and Addison Berniker represented the seller, 2550 Boston Post Road Corp., in the transaction. The undisclosed buyer will have the option to expand the property to add more shop space.

June 6, 2019

Investment sales New York News Retailers

Marcus & Millichap Arranges $13 Million Sale of Retail Property in Queens

by Alex Tostado June 5, 2019

Rego Park, N.Y. — Marcus & Millichap has arranged the $13 million sale of a 9,000-square-foot retail building located along Queens Boulevard in Rego Park. The building houses four tenants: Chic’s Place, Paris Baguette, Dunkin’ Donuts, Rouge Nail. Michael Kook of Marcus & Millichap represented the seller and the buyer, both of which requested anonymity, in the transaction.

June 5, 2019

Leasing New York News Retailers

Feil Organization Completes Leasing of 447,000-Square-Foot Building in Manhattan

by Alex Tostado May 29, 2019

New York City — The Feil Organization has completed the leasing of 488 Madison Ave., a 23-story, 447,000-square-foot building in New York City. The Feil Organization signed Mephisto Shoes to a 1,854-square-foot lease and Mighty Bowl to an 800-square-foot lease. Both are expected to open this fall. The building was originally delivered in 1948 and was formally known as the “Look Building,” for the defunct magazine. The Feil Organization completed a renovation of the building in 2016 and has since signed tenants including Indochino, Bonobos Guideshops, UNTUCKit, City Hats and …

May 29, 2019

Company news New York News Retailers

Richard Johnson, Charlie Koniver Launch Odyssey Retail Advisors

by Alex Tostado May 20, 2019

New York City — Richard Johnson and Charlie Koniver have launched Odyssey Retail Advisors LLC, an expansion and rebranding of Johnson Retail RE Consulting Inc. Johnson and Koniver both previously worked for global luxury group, Kering. Johnson is an attorney and member of the New York State Bar and created Johnson Retail, serving clients such as Crown Acquisitions/Wynn Las Vegas, Boston Seaport, Burberry, Stella McCartney, Sergio Rossi and Clarins. Koniver previously collaborated with Johnson while serving as a real estate specialist for the Americas at Kering. Daniel Lewis has joined Odyssey …

May 20, 2019

Development Grocery-anchored New York News

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

by Alex Tostado May 15, 2019

New York City — Rochester, New York-based grocer Wegmans will open a 74,000-square-foot store within the Admirals Row redevelopment project located on Flushing Avenue in Brooklyn. The grand opening is scheduled for Sunday, Oct. 27. The store, which will be the company’s first location in New York City, is expected to create about 350 full- and part-time jobs. Wegmans Brooklyn will carry more than 60,000 individual products and offer second-floor mezzanine space with a bar serving food, wine, beer and spirits.

May 15, 2019

Development New York News Retailers

Foot Locker to Open 25,000-Square-Foot Store in Manhattan’s Washington Heights

by Alex Tostado April 19, 2019

New York City — Foot Locker will open a 25,000-square-foot store at 605 W. 181st St. in Manhattan’s Washington Heights neighborhood. The locally based athletic footwear retailer will treat this location as a “power store” that offers experiential activities like creating customized sneakers and gaming zones. The store is set to open this fall. New York-based Marx Realty owns the property in which the store will be housed.

April 19, 2019

Investment sales New York News Retailers

Cushman & Wakefield Arranges $2 Million Sale of Retail Property in Queens

by Alex Tostado April 9, 2019

New York City — Cushman & Wakefield has arranged the $2 million sale of a retail property in Astoria, Queens. Located at 31-79 Steinway St., the 2,250-square-foot property is a single-story retail building with a full basement. The property offers an additional 4,500 square feet of air rights for future development. Stephen Preuss and Andreas Efthymiou of Cushman & Wakefield represented the seller, Steinway Sports & Recreation Center Inc., in the transaction. The buyer was ABS Partners Real Estate, a locally based investment firm.

April 9, 2019

Investment sales New York News Retailers

Rafinia Property Group Orchestrates $2.2 Million Sale of Retail Strip in Upstate New York

by Alex Tostado April 4, 2019

Ogdensburg, N.Y. — Rafinia Property Group has arranged the $2.2 million sale of Seaway Shopping Center, a 102,796-square-foot retail strip in Ogdensburg, New York. The single-story strip center is configured to fit 15 retail spaces and is occupied by Save-A-Lot food stores, Peebles, Family Dollar and a mix of local and regional tenants. The property was constructed in 1960 and significantly upgraded in 2018. Evan Rafinia of Rafinia Property Group represented the undisclosed seller in the transaction. The buyer was a private investor based in New York City.

April 4, 2019

Newer Posts

Older Posts