Consolo and Aquino of Douglas Elliman's Retail Group arrange 40,000 s/f lease to Mitchell's NY

Long Island City, NY The preeminent leasing team of Faith Hope Consolo, chairman, and Joseph Aquino, executive vice president of Douglas Elliman's Retail Group has placed Mitchell's NY in a new 40,000 s/f headquarters and distribution center at 47-11-47-51 Austell Place (27th St.), a 110,000 s/f commercial property, located two blocks from Citicorp. Consolo and Aquino exclusively represented the tenant "This appeared to be an unusual transaction for us, since we're mostly identified with luxury retail," said Consolo. "Not many people are aware that in addition to our retail leasing services, we are also experts in commercial building leasing and sales, as well as new development." Aquino said, "Long Island City is changing rapidly and as a result of all the new development, it's a very tight marketplace for large institutional spaces. Finding an appropriate location in the area was a challenge, but this one happens to be especially good because of its expansion capabilities." The former tenant was financial services and pharmaceutical printer Confort & Company, a subsidiary of R.R. Donnelly & Son. As the industry leader in retail leasing, investment sales and consulting, Douglas Elliman's Retail Group is renowned for its success on local, national and international platforms. Headed by Consolo, the group's comprehensive scope extends to virtually every facet of the retail landscape; from celebrated Madison Ave. to Rodeo Dr., urban retail corridors worldwide, upscale super regional shopping malls, luxury specialty centers and hotel/casino retail. Over the years, the group has brought world-famous fashion designers and international brands to U.S. markets; and U.S brands abroad. Moreover, they are the exclusive representatives of prominent portfolios held by investment funds, public companies and private property owners; as well as consultants for business improvement districts and government agencies. Recognized for its innovative marketing strategies, the Retail Group offers a wide range of services that are critical for today's economic environment, and provide customized, focused solutions on a client-by-client basis. With unparalleled access to a global network of businesses, owners and buyers, Douglas Elliman's Retail Group is one of the foremost retail real estate authorities in the country.