News: Brokerage

Basser Kaufman secures 2,500 s/f lease with Starbucks; Helbling of Sabre assists

Hewlett, NY Basser Kaufman brokered a 2,500 s/f lease with Starbucks at Peninsula Shopping Center.

Located at the intersection of Peninsula Blvd. and Mill Rd., the 70,707 s/f Nassau County shopping center offers accessibility and convenience to the area’s population. Starbucks inked a 10-year lease and joins Foodtown, Ace Hardware, GoHealth Urgent Care, Petland, and T-Mobile at this location.

Starbucks was represented by Russel Helbling of Sabre Real Estate in the transaction. Basser Kaufman represented itself. 

According to Rob Goldfeder, director of leasing for Basser Kaufman, “We are delighted to bring Starbucks to Peninsula Shopping Center. They are a first-class operation that consistently serves a diverse array of delectable products. They typically draw upscale customers on a daily basis that will serve to enhance the traffic for and success of our shopping center tenants.” 

Goldfeder said, “Starbucks will typically only relocate to a suburban location that has a drive-through. However, they moved from another Hewlett location to ours because Peninsula offers excellent parking, an established tenant mix, a new modern façade, and high visibility.”

MORE FROM Brokerage

Berger and Koicim of Marcus & Millichap sell 17-unit multi-family for $8.8 million

Manhattan, NY Marcus & Millichap negotiated the sale of 207 E. Fourth St., a 17-unit mixed-use multi-family property the East Village. The asset sold for $8.8 million. “This transaction underscores
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
AI comes to public relations, but be cautious, experts say - by Harry Zlokower

AI comes to public relations, but be cautious, experts say - by Harry Zlokower

Last month Bisnow scheduled the New York AI & Technology cocktail event on commercial real estate, moderated by Tal Kerret, president, Silverstein Properties, and including tech officers from Rudin Management, Silverstein Properties, structural engineering company Thornton Tomasetti and the founder of Overlay Capital Build,
Behind the post: Why reels, stories, and shorts work for CRE (and how to use them) - by Kimberly Zar Bloorian

Behind the post: Why reels, stories, and shorts work for CRE (and how to use them) - by Kimberly Zar Bloorian

Let’s be real: if you’re still only posting photos of properties, you’re missing out. Reels, Stories, and Shorts are where attention lives, and in commercial real estate, attention is currency.
Strategic pause - by Shallini Mehra and Chirag Doshi

Strategic pause - by Shallini Mehra and Chirag Doshi

Many investors are in a period of strategic pause as New York City’s mayoral race approaches. A major inflection point came with the Democratic primary victory of Zohran Mamdani, a staunch tenant advocate, with a progressive housing platform which supports rent freezes for rent
Lasting effects of eminent domain on commercial development - by Sebastian Jablonski

Lasting effects of eminent domain on commercial development - by Sebastian Jablonski

The state has the authority to seize all or part of privately owned commercial real estate for public use by the power of eminent domain. Although the state is constitutionally required to provide just compensation to the property owner, it frequently fails to account