News: Brokerage

Cohen of Levin Management negotiates 41,300 s/f lease to Dave & Buster's at Post Road Plaza

Dave & Buster's, the casual dining/entertainment chain, has leased 41,300 s/f at Post Rd. Plaza, according to Levin Management, exclusive leasing and managing agent for the 260,000 s/f shopping center. Michael Cohen, Levin's vice president of leasing, negotiated the long-term lease. The tenant was represented by Tom Londres of Metro Commercial Real Estate; and Hugh Kelly and Erin Grace of SRS Real Estate Partners. "Dave & Buster's unique brand of cutting-edge entertainment and dining will be an excellent draw to Post Road Plaza and significantly augment the center's existing retail mix," said Cohen. "We are confident Dave & Buster's will become a key amenity for local residents and a strong part of the community." Headquartered in Dallas, Texas, Dave & Buster's operates more than 60 high-volume restaurant/entertainment complexes throughout North America. Each Dave & Buster's location offers an impressive selection of high-quality food and beverage items, combined with the latest high-tech video games and other attractions. Anchored by a 75,000 s/f Fairway Market, Post Rd. Plaza's lineup of national and regional tenants includes HomeGoods, Dress Barn, GNC, Lane Bryant, Annie Sez, Modell's, Hallmark, Citibank and Smashburger. Located at the junction of U.S. 1, Pelham Parkway and the Hutchinson River Parkway, Post Road Plaza serves a growing residential population of more than 1.1 million people within a five-mile radius. The marketplace offers an average household income of more than $65,000 and the daily traffic count exceeds 100,000 vehicles. Post Rd. Plaza celebrated its grand re-opening in 2010 following a major renovation, repositioning and re-tenanting. Along with a new façade design; new signage; and new lighting, paving and landscaping, the second floor of the center was reconfigured for new tenant occupancy. This desirable second-floor availability was perfectly suited for Dave & Buster's space requirements.
MORE FROM Brokerage

Horvath & Tremblay Announces Strategic Integration of B6 Real Estate Advisors, Expanding New York City Presence

New York, NY Horvath & Tremblay, a premier real estate services firm specializing in investment real estate brokerage, 1031 exchanges, debt/equity placement, and appraisal & valuation services, announced the strategic integration of B6 Real Estate Advisors into the firm’s growing national platform.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
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
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,
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,