News: Brokerage

Brody of Brody Realty inks 4,900 s/f to PM Pediatrics; SD Urban is landlord

Bronx, NY According to SD Urban Retail, it has executed a lease with PM Pediatrics at The Shops on Broadway. Located at 5740 Broadway, the subject is a newly constructed shopping center with 24,000 s/f of ground-floor retail, 86 on-grade parking spaces, 14 ft. ceilings, and 240 ft. of frontage.

PM Pediatrics will occupy 4,900 s/f for its first location in the borough. SD Urban expects the tenant to open its store in the Fall. 

Gary Brody of Brody Realty represented the landlord and tenant.

“We are very excited to announce the signing of PM Pediatrics at The Shops on Broadway,” said Daniel Alvarez, director of acquisitions and leasing at SD Urban Retail. “Their specialized niche within the urgent care industry does not currently exist in the Bronx and we feel that they will be a great addition to the Riverdale and Kingsbridge Community.” 

PM Pediatrics is joining an excellent mix of national and best-in-class regional tenants at The Shops on Broadway, including FedEx Office, Sherwin-Williams, Victoria’s Nails & Bar and Flame Hibachi. Sherwin-Williams & Victoria’s opened their stores at the end of 2018, and Flame Hibachi, the first hibachi restaurant in the region, will open their 4,000 s/f restaurant next month.

PM Pediatrics is the nation’s largest provider of specialized pediatric urgent care with over 2 million visits to date, 44 locations across nine states, and 20 new stores in their pipeline.

MORE FROM Brokerage

Industrial Realty Group acquires 422,727 s/f distribution facility in south St. Paul

St. Paul, MN Industrial Realty Group, LLC (IRG) acquired a 422,727 s/f industrial distribution facility located at 411 Farwell Ave. in south St. Paul. The property was formerly the headquarters of The Sportsman’s Guide, an online and
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
Hunt commercial real estate question and answer: The total cost of relocation - by David Hunt

Hunt commercial real estate question and answer: The total cost of relocation - by David Hunt

You have a right to be concerned. I am always surprised at the companies that will negotiate the price of their new facility down to the last dollar, without thoroughly analyzing their
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
Artificial intelligence in lending - by Lindsay Mesh Lotito

Artificial intelligence in lending - by Lindsay Mesh Lotito

Artificial intelligence (AI) is beginning to help transform lending by enhancing decision-making, improving risk management and streamlining operations. With AI-powered tools that analyze vast amounts of data, lenders are able to assess borrower creditworthiness more accurately and efficiently. AI can evaluate a wide range of factors,
New York’s streets are full again, and the retail numbers prove it - by Noam Aziz

New York’s streets are full again, and the retail numbers prove it - by Noam Aziz

Walk down any New York block this year and you can feel it. The sidewalks are crowded, the storefronts are lit, and the energy that defines this city is back at full volume.