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Articles in the Retail Category

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[1 Oct 2014 | No Comment | ]

HFF secured equity for the acquisition of 80 Broad, a 423,403 s/f retail and office building in Manhattan’s Financial District.
HFF worked exclusively on behalf of the buyer, Broad Street Development, in sourcing the capital from RXR Realty. Equity proceeds were used to purchase the property, which closed on September 12.
The 36-story building was completed in 1930 and most recently renovated in 2013, retaining 1930’s art deco design elements while implementing significant recent upgrades. The property is currently 89 percent leased to a variety of mostly smaller sized tenants.
Located on the …

Retail »

[1 Oct 2014 | No Comment | ]

EPIC Commercial Realty, formerly Itzhaki Properties, has been retained on an exclusive basis to broker the sublease of units H1 & H2 in The Edge building, at 27 North 6th Street, Williamsburg.
The spaces are on the North East corner of North 6th Street and Private Drive, with waterfront exposure. The retail spaces make up approximately 3,951 s/f on the ground floor with 13.3 ft. high ceilings and 127 ft. of frontage on the corner.
Directly across from over 2,000 condos and 1,000 rental units, the retail space is in a well …

Retail »

[1 Oct 2014 | No Comment | ]

The Doughnut Plant, a New York-based, hand-made doughnut shop, has signed for 8,495 s/f on the concourse level of the five-story, 620,000 s/f Falchi Building in LIC.
The space will be the second home of The Doughnut Plant’s production — expanding from 4,000 s/f on Grand Street in the Lower East Side – along with a front-facing retail component.
Property owner Jamestown was represented by Cushman and Wakefield and The Doughnut Plant was represented by Newmark Grubb Knight Frank.
This expansion coincides with The Doughnut Plant’s 20th Anniversary.
“Our goal with the Falchi Building …

Retail »

[1 Oct 2014 | No Comment | ]

InVite Health, a businesses focused on all-natural nutritional supplements, signed a lease at 221 East 86th Street.
The lease marks InVite Health’s 11th store and third Upper East Side location, joining storefronts at 260 East 72nd Street and 1134 2nd Avenue.
“The Upper East Side has recently seen a very healthy rise in both residential and retail activity, coinciding with the anticipated completion of the Second Avenue Subway,” said Winick Realty Group’s Patty Holmstrom, the exclusive broker for InVite Health.
“InVite was drawn to 86th Street because of its dense residential population and …

Retail »

[1 Oct 2014 | No Comment | ]

The CPEX New York Retail Leasing Team is proud to announce the completion of a lease agreement at One Brooklyn Bridge with Vendome Macaron, a popular vendor at the Brooklyn food market Smorgasburg.
The lease is for approximately 900 square feet of ground floor commercial space at the base of 438 luxury residential units at One Brooklyn Bridge, which is located at 360 Furman Street in Brooklyn Heights and adjacent to Brooklyn Bridge Park.
CPEX’s Retail Leasing Team, consisting of Managing Director Ryan Condren and Associate Directors Kristina Triglia and George Danut, …

Deals & Dealmakers, Featured, Retail »

[30 Sep 2014 | No Comment | ]
Microsoft makes its New York retail debut with 677 Fifth Avenue flagship

Software giant Microsoft announced it will open its first retail store in New York City on a tony stretch of Fifth Avenue.

The company signed a lease to open a flagship store at 677 Fifth Avenue, near 53rd Street, according to the company’s blog, where David Porter, corporate vice president of worldwide retail stores at Microsoft, announced the news in a post.

CBRE‘s Richard Hodos represented Microsoft.

Retail »

[25 Sep 2014 | No Comment | ]

Stonehenge Partners is donating its new glass retail property at 555 Sixth Avenue to a new cancer awareness cause.
On Oct. 7 & 8, the space will be the venue for in launching ______:CANCER!SM . Two days of events will feature free fitness classes (donations will be accepted) taught by an all-star line-up of instructors from popular gyms around the city, including Jenn Seracuse of FLEX Studios and female impersonator, Destiny Devine, who will teach a Beyoncé-inspired dance class.
A private VIP event on the morning of October 7 will be hosted at Facebook’s NYC …

Retail »

[24 Sep 2014 | No Comment | ]

The Brodsky Organization recently closed a deal with Pig Heaven at 1420 Third Avenue.
The cherished Upper East Side restaurant will open in the 2,000 square foot retail space this fall.
A long-time neighborhood favorite, Pig Heaven will be relocating from their former space on Second Avenue and 80th and 81st Streets, which they previously occupied for 30 years.
“We are honored to have played a role in the preservation of an Upper East Side treasure that was on the verge of being uprooted from the neighborhood,” said Alexander Brodsky, a principal at …

Retail »

[24 Sep 2014 | No Comment | ]

Shake Shack has signed a lease for 3,265 square feet at 1333 Broadway, announced Empire State Realty Trust, Inc. (NYSE:ESRT) (“ESRT”),
The Shake Shack lease closely follows the opening of the world’s largest Urban Outfitters store at the same building.
“Herald Square is marching up the Broadway Corridor attracting top retailers, which is part of the remarkable transformation of the neighborhood in which we were first movers in upgrading our own properties,” observes Thomas P. Durels, Executive Vice President, and Director of Leasing and Operations for ESRT.
Shake Shack, part of Danny Meyer’s …

Retail »

[24 Sep 2014 | No Comment | ]

Winick Realty Group announced that its New Jersey office has expanded, leasing a new location at 4 Commerce Drive in Cranford, NJ, which doubles the size of the company’s existing office.
This new 2,500-square-foot office, which is set to open on Oct. 1, will allow the New Jersey branch to eventually accommodate upwards of 20 brokers and support staff.
“It has been a pleasure growing and nurturing this office over the past two years,” said Daniel Spector, senior vice president, who co-founded Winick Realty Group NJ with fellow senior vice president Tyler …

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