News: Brokerage

Blank Street Coffee leases at One Boerum Place

Brooklyn, NY One Boerum Development Partners, led by Avery Hall, has completed a lease at One Boerum Place to Blank Street Coffee. This transaction marks 90% retail occupancy at One Boerum Place.

Blank Street Coffee will occupy 1,705 s/f on the ground floor on the corner of Boerum Place and Red Hook Ln. Only one of five retail storefronts remains available at One Boerum Place, the mixed-use new development at the nexus of Brooklyn Heights, Cobble Hill and Boerum Hill in Brooklyn.

“We are delighted to welcome Blank Street Coffee to the South Corner of One Boerum, ” said Brian Ezra, founding principal at Avery Hall. “The curved glass facade has always wanted the space to house an all-day cafe, and we are thrilled to partner with Blank Street to offer this wonderful amenity to our One Boerum residents and the surrounding community. Retail activity has increased significantly over the past six months, and we are proud to be a part of fostering a more mature neighborhood.”

Jeremy Ezra, Peter Whitenack, and Mai Shachi of Newmark Retail represented One Boerum Place in the transaction while Blank Street Coffee was represented by Patrick O’Rourke, Catherine Merck, and Sean Moran of Cushman & Wakefield. Ian Lester, Esq. of full-service real estate law firm Lester Shaw & Levy LLC was legal representation for the landlord while the tenant was represented by Andrew Cromer, Esq. of Polsinelli LLP.

Blank Street Coffee at One Boerum Place is expected to open this summer. One Boerum Development Partners previously made known that Chopt would also be opening a location at the development this fall.

READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
A fresh start - by Shallini Mehra and Amit Doshi

A fresh start - by Shallini Mehra and Amit Doshi

For the past several years, the New York City multifamily housing market has been defined by disruption. The combined impact of the HSTPA rent laws and a sharply higher interest rate environment has fundamentally reduced
Tri-state capital  migrates nationally amid  regulation pressure - by Reese Weaver

Tri-state capital migrates nationally amid regulation pressure - by Reese Weaver

New York tri-state multifamily investors are increasingly reallocating capital to less-regulated markets across the U.S. as rent control and legislative risk erode returns at home. With over 60% of New York City’s rental housing stock classified as rent-stabilized, the traditional value-add model — buying under-performing buildings,

The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

There was a time when an offering memorandum (OM) was pretty bare bones, some photos, a few bullet points on income, and a rent roll thrown in at the back. That used to get the job done. Not anymore. In 2025, buyers are sharper, faster, and more selective. They’re looking
The anticipated effect of Basel III and ISO 20022 implementation on commercial real estate - by Michael Zysman

The anticipated effect of Basel III and ISO 20022 implementation on commercial real estate - by Michael Zysman

July 1, 2025 is the deadline for US banks to begin to adopt Basel III banking standards and July 14, 2025 is the deadline for U.S. banks to adopt ISO 20022 messaging standards. Both will have a significant effect on the banking and commercial real estate (CRE) finance sectors.