News:
Owners Developers & Managers
Posted: January 13, 2026
Avdoo opens 6,000 s/f Walgreens in Park Slope
Brooklyn, NY Avdoo, the New York City-based multi-disciplinary real estate development firm, has opened a Walgreens at 604 Pacific St. in Park Slope.
Avdoo acquired 604 Pacific St. through a joint venture with the property’s owner in September 2023. Formerly a furniture warehouse, Avdoo identified the site as an opportunity to reposition the property into a valuable community asset. The new 6,000 s/f store now brings an essential retailer to the Park Slope neighborhood.
“We acquired this property highly determined to bring value to the neighborhood and are proud to officially welcome Walgreens,” said Shlomi Avdoo, CEO and founder of Avdoo. “We transformed a private asset into a public storefront that delivers everyday convenience and contributes to the ongoing vitality of this residential community.”
The Walgreens at 604 Pacific St. operates from 7:00am to 11:00pm daily.
MORE FROM Owners Developers & Managers
Watchung’s Blue Star Shopping Center sees 40% surge in visits as redevelopment draws new restaurants and entertainment
Watchung, NJ Blue Star Shopping Center is drawing 3.8 million visitors annually, up 40.1% year over year according to Placer.ai, and Levin Management Corp. (LMC) is building on that momentum with more
Quick Hits
Columns and Thought Leadership
IREON Insights: Research and development tax credit: Very important deadline for amendments is July 6 - by Richard Levychin
If you are a company that either claimed or qualify for the research and development tax credit you need to be aware of the following update resulting from the One Big Beautiful Bill Act (OBBBA).
Follow the upside: How NYC investors are rethinking real estate - by Thomas Donovan
In my earlier years of brokerage, my team had our investor list divided into five brackets – multifamily, retail, office, industrial and development. For the most part, multifamily investors only wanted to see multifamily
NYC's Community Opportunity to Purchase Act is back - and multifamily owners should pay attention - by Ron Cohen
New York City’s Community Opportunity to Purchase Act (COPA) is back, and this latest version could have a much better chance of becoming law. The proposal would give qualified nonprofit organizations
Hunt Commercial Real Estate Q&A: Location, location, location? - by David Hunt
In working with our clients, we break down our search objectives into two categories. The first category involves the specific needs of your business such as warehouse height, amount of office space and number of loading