Articles in the Retail Category
CBRE Group, Inc. released its Manhattan Retail MarketView report for the fourth quarter of 2013, highlighting the new retail developments that are spurring Downtown as a tourist and shopping destination.
“A huge retail magnet for foreign and local shoppers is being created Downtown from Brookfield Place on the west side, eastward to the World Trade Center, Fulton Street Transit station and to the Howard Hughes seaport project on the East River,” said Annette Healey, executive vice president, CBRE Retail Group. “From luxury retailers to extensive and varied dining and marketplace concepts, these massive new developments will all come online over the next several years bringing more than 1.1 million square feet of retail space to Downtown.”
Deals & Dealmakers, Retail »
The CPEX New York Retail Leasing Team announced the completion of a lease agreement at 292 Court Street in Brooklyn.
The transaction marks the tenth lease that CPEX Real Estate Services has completed along Court Street.
Located between Kane and Degraw Streets in Cobble Hill, the three-story building consists of approximately 15,700 s/f with an additional 6,000 s/f of rooftop and back terrace space. The property also contains an additional lower level.
CPEX’s Retail Leasing Team, consisting of managing director Ryan Condren and associates Kristina Triglia and George Danut, represented the landlord in …
The New York office of Lee & Associates NYC has arranged a new location for DeeDaa at 668 Sixth Avenue.
Managing director Harris Bulow exclusively represented the landlord for the 2,800 s/f multi-level space, which was formerly occupied by BBQue’s Smoke Shack.
The new store will be DeeDaa’s third Manhattan location.
“This retail market has become very tight, so we had a choice of tenants,” said Bulow. “But DeeDaa is a terrific addition to the neighborhood, full of healthy fast-dining options.”
The tenant was represented by Ben Birnbaum and Michael Cohen of Newmark Grubb Knight Frank.
Bulow is representing …
James Famularo, senior director of the retail leasing division at Eastern Consolidated, has arranged a 12-year lease for Pita Grill in Greenwich Village at 496 LaGuardia Place.
The quick service restaurant (QSR) will be the chain’s ninth location since it first opened a few blocks away at West 4th Street in 1994.
The 2,700 s/f space is comprised of 1,350 s/f on the ground floor and 1,350 s/f on the lower level, which is complemented by 25 feet of frontage on LaGuardia Place.
“The demand for fast casual concepts in Greenwich Village continues …
Himmel & Meringoff announced it has signed a long-term lease with a children’s apparel retailer following a successful four-month ‘pop up’ experiment at 1114 First Avenue.
Hartstrings, a subsidiary of the Parigi Group, a children’s branded apparel company, has entered into a 10-year lease for its first Manhattan store in the 5,500 s/f retail space at H+M’s eight-story property.
Hartstrings was drawn to the location because of its proximity to Bed Bath & Beyond, which just completed a renovation of its store to include Buy Buy Baby.
“Our property is situated directly across …
88 Greenwich Street will be home to New York City’s hottest, all- natural, grab-and-go restaurant, Yorganic, executives from Thor Equities announced.
Located between Rector Street and Washington Street, Yorganic’s new home features 1,600 s/f with 30 feet of frontage for maximum exposure in one of New York’s most desirable neighborhood.
Surrounded by world-class residential buildings, the ground-floor location will benefit from high-pedestrian traffic and easily accessible transportation.
“We are thrilled to bring Yorganic to 88 Greenwich St.,” said Thor Equities CEO Joseph Sitt. “The organic eatery has seen unprecedented popularity in the downtown …
French restaurant Le Coq Rico, which serves up its iconic fare in Montmartre, France, signed a lease for its first U.S. location at 32 East 20th Street, between Park Avenue South and Broadway in the Flatiron District.
The storefront, which includes 3,000 s/f on the ground floor and 1,800 s/f in the storage basement, had previously housed No Idea Bar and the Copy Center.
“This particular block in the Flatiron District is home to some of the city’s most iconic restaurants, headed by some of the most respected chefs in the industry,” …
Chipotle Mexican Grill, Inc. has signed a lease for 2,165 s/f at Riverdale Crossing in the Bronx, announced Joseph A. Farkas, president of Metropolitan Realty Associates (MRA), developer of the new 162,000 s/f shopping center.
Riverdale Crossing, slated for a grand opening in July 2014, is now 98 percent leased with the addition of Chipotle.
MRA was represented in the signing by John Hanlon of CBRE, who continues to market the last two remaining units at the premier property. Chipotle was represented by Diana D. Boutross and Kenneth Hochhauser of Winick Realty.
●SABRE REAL ESTATE GROUP
‘Whole Foods for pets’ expanding
Sabre Real Estate Group has arranged a lease that will give Pet Valu, a Canadian-based specialty pet supplies retailer, its sixth Long Island location.
The chain, considered the Whole Foods of pet food and supplies, has signed a lease for 3,600 s/f at the Barnum Landing Shopping Center.
The store is expected to open in summer 2014. Pet Valu has opened stores in Oyster Bay, Hauppauge, New Hyde Park and South Setauket on Long Island.
Jayson Siano, managing principal of Sabre, and Sabre director Melissa Naeder …
The New York office of Lee & Associates NYC holds the exclusive agency on a build-to-suit mixed-use building at 137 Grand Street, between Bedford Avenue and Berry Street in Williamsburg.
The space comprises 4,800 s/f, with the ground and second floors at 1,600 s/f each, a 1,600 s/f basement and 25 feet of frontage.
Managing director and principal Garry Steinberg and Jaime Schultz, associate, will market the retail space.
“Here in the heart of Williamsburg, this space gives all types of businesses plenty of room to spread out and get …