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[10 Dec 2014 | No Comment | ]

SCG Retail  announced the signing of a 2,400 s/f lease for Sweetgreen, at 100 Kenmare Street in Nolita/Soho.
Today’s opening marks the organic, fast-food chain’s fourth NYC location, each handled by SCG Retail, which represents Sweetgreen exclusively in the New York Metro region.
According to David Firestein, one of three SCG Retail brokers that work with Sweetgreen, “Soho/Nolita is perfect for Sweetgreen’s farm-to-table approach to convenient food. Kenmare is a great location because it’s strategically positioned to tap into the tourist flow, the daytime office crowd, and the residents who are hungry …

Retail »

[10 Dec 2014 | No Comment | ]

Cushman & Wakefield announced that Gene Spiegelman, vice chairman, has been named head of the firm’s North America Retail Services group.
He will take over retail services from Matt Winn, who is leaving the firm’s Atlantic offices “to pursue other career opportunities,ˮ said the brokerage in a statement.
Since joining Cushman nearly 15 years ago, Spiegelman has consistently ranked among the firm’s top producers working with the likes of Crate & Barrel, Millennium Partners, Century 21 Department Stores, Zeckendorf Development and CH Carolina Herrera.
This year, he led a global team in …

Retail »

[10 Dec 2014 | No Comment | ]

Chuck Lanyard, president of The Goldstein Group, announced that the firm has placed Sherwin Williams at four locations throughout New Jersey.
In Ledgewood, Sherwin Williams filled a 4,700 s/f space, formerly occupied by Sleepy’s, on Route 10. Neil Goldstein represented the landlord and the tenant.
In Hackensack, the paint retailer filled a 4,000 s/f space at Riverfront Shopping Center on South River Street. Goldstein represented Sherwin Williams. The landlord of the property is Equity One JV Sub Riverfront Plaza LLC.
In Fair Lawn, Sherwin Williams took 4,200 s/f space at the Shop Rite …

Retail »

[10 Dec 2014 | No Comment | ]

The CPEX New York Retail Leasing Team has completed eight lease transactions across Brooklyn and Queens.
The team, featuring Ryan Condren, Kristina Triglia and George Danut, represented the landlord in negotiating each of the lease agreements.
CPEX completed three of the deals, two of which are located in Sheepshead Bay, with Sprint for a total of 4,435 s/f. The agreements are for space at 479 5th Avenue in Park Slope, 1610 Sheepshead Bay Road and 3827 Nostrand Avenue in Sheepshead Bay.
CPEX leased the landmarked building at 76 Montague Street in Brooklyn Heights …

Featured, Retail »

[10 Dec 2014 | No Comment | ]
JEMB close to filling revived Herald Square retail corner

Verizon Wireless has leased 4,500 s/f for their new Manhattan flagship store on the ground floor of JEMB Realty’s revitalized Herald Center, a 10-story, 250,000 s/f retail and office property at the southwest corner of 34th Street and Broadway.

In less than three years since JEMB unveiled plans to completely renovate and reconfigure the asset, the company has moved ASA College into the upper floors, fashion retailer H&M into the ground floor and filled the remaining ground floor space with Verizon Wireless.

That leaves 12,000 s/f of lower level retail space remaining at the new-look Herald Center.

Retail »

[10 Dec 2014 | No Comment | ]

Saks Off 5th will take over the former Loehmann’s space n the White Plains Shopping Center in White Plains, New York.
Eric S. Goldschmidt, senior partner at Goldschmidt & Associates in Scarsdale, represented the landlord in the 25,000 s/f lease.
As soon as ownership obtained control of the space from Loehmann’s, negotiations began with Brian Katz of Katz & Associates, the broker for Saks.
Despite interest from other national retailers, the property owners decided to move forward with Saks due to its appeal to the general market, similar to that of Loehmann’s. Before …

Retail »

[10 Dec 2014 | No Comment | ]

Eastern Consolidated has arranged a 1,800 s/f lease for new health and wellness center 51 Dream at 44 Trinity Place in Lower Manhattan.
The lease achieved approximately $90 psf, a rare price in an area where asking rents average $50 psf.
The second floor retail space at the block-through building between Rector Street and Exchange Alley features 15 ft. ceilings, 20 ft. of frontage, and two entrances along Trinity Place and Greenwich Street.
“With the opening of One World Trade Center and ongoing redevelopment throughout the entire downtown area, there is tremendous demand …

Retail »

[10 Dec 2014 | No Comment | ]

RKF has arranged a 4,600 s/f lease for American luxury menswear brand Joseph Abboud at 424 Madison Avenue.
This will be the brand’s first flagship store in the United States.
Scheduled to open in the first quarter of 2015, Joseph Abboud will occupy the ground floor of the 65,000 s/f property.
The new Joseph Abboud location will give men the opportunity to shop the brand for the first time outside of department and specialty stores.
RKF executive vice president Gary Alterman represented Joseph Abboud in the long-term lease transaction, while Cory Zelnik of the …

Retail »

[10 Dec 2014 | No Comment | ]

SL Green Realty Corp., New York City’s largest commercial property owner, has signed leases totaling 71,547 s/f with three national retailers in three of Manhattan’s most sought-after submarkets — Times Square, The Plaza District and Chelsea.
“We are pleased to attract such prestigious, well-known retail anchors in these three strategically-located properties,” said Brett Herschenfeld, managing director of SL Green Retail.  “Our retail portfolio continues to be a meaningful source of growth for the company.”
Equinox, one of the nation’s global leaders in holistic fitness centers, has signed a 25-year, 32,000 s/f four-level …

Retail »

[10 Dec 2014 | No Comment | ]

World Trade Center retail developer Westfield Corporation this week unveiled a preview of its retail and dining roster that will include brand favorites, fashion icons and dining destinations.
The company said it is close to completing the line-up of retailers that will turn the 350,000 s/f of space in and around the Oculus into a shopping destination.
Westfield World Trade Center includes multi-level store presence in 3 World Trade Center and 4 World Trade Center and is scheduled to open in the fall of 2015.
“Our vision for Westfield World Trade Center is …

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