News: Brokerage

Coldwell Banker Commercial Alliance secures 31,700 s/f retail listing at 116 Nassau Street in Manhattan

The New York office of Coldwell Banker Commercial (CBC) Alliance, a national real estate services firm announced they have secured an exclusive listing for 31,700 s/f of retail space at 116 Nassau St., the prominent 141,000 s/f, 12-story office building located on the North East corner of Nassau and Ann Sts. The CBC Alliance New York team, led by managing principal Catherine O'Toole, Gregory Gang and David Danick are currently marketing the space, which represents one of the largest retail components available south of Houston Street in the emerging lower Manhattan market. The space is comprised of three available floors at 116 Nassau Street, which includes: * 11,800 s/f available on the ground floor * 12,900 s/f available on the second floor * 7,000 s/f available on the lower level In addition, the space includes approximately 95 ft. of frontage on Nassau Street and 110 ft. of frontage on Ann St. The property also offers private service and freight elevator, as well as a number of separate entrances from both Nassau St. and Ann St. for tenants. "This is simply the most unique retail space on the market in Lower Manhattan," said Gregory Gang. "In addition to being the largest space available, 116 Nassau sets the benchmark for high quality retail product in the city. This exceptional, highly visible property offers great flexible space and fantastic signage opportunities, combined with the wealth of area amenities lower Manhattan brings. Demographically this property is ideally situated to service the needs of the residents, full time workers, students and annual visitors all making lower Manhattan so special." CBC Alliance previously secured a multi-floor office leasing assignment for 116 Nassau St. in late 2014 and have already closed three major leases at the property, including a 11,365 s/f lease for Park Row South Nassau Street LLC, a 9,000 s/f lease for the New York City Gay and Lesbian Anti Violence Project, and a 6,134 s/f lease for TAP Electrical Contracting Service on the 9th floor.
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
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.
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,
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
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