News: Brokerage

Condren, Triglia and Danut of CPEX broker 3,820 s/f retail lease to Friend of a Farmer at 75 Montague Street in Brooklyn Heights

The CPEX New York retail leasing team has completed a lease agreement with Friends of a Farmer at 76 Montague St. Located between Montague Terrace and Hicks St. in the neighborhood of Brooklyn Heights, the property is a two-story landmarked building totaling 3,820 s/f of commercial space. The building is known for the ship anchor on the sidewalk, a relic of the shipping business that used to be run out of that location. The incoming tenant, Friend of a Farmer, will occupy both floors as the new anchor tenant at 76 Montague St. Friend of a Farmer is a popular restaurant and bakery expanding from its Gramercy Park location. This will be their first location in Brooklyn. CPEX's retail leasing team, consisting of managing director Ryan Condren and associate directors Kristina Triglia and George Danut, represented the landlord in the lease transaction. Friend of a Farmer was represented by Prudential Douglass Elliman. "We were happy to be able to bring Friend of a Farmer their first Brooklyn location," said Condren. "They recognized the great potential of this location, and will benefit immensely from its proximity to the Brooklyn Promenade and Brooklyn Bridge Park. Mixed in among Montague St.'s already attractive variety of retail options, Friend of a Farmer will add to the strength of Brooklyn Heights as a retail and residential destination."
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
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
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,