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.

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