Manhattan, NY The Worldwide Leasing Team of Faith Hope Consolo at Douglas Elliman arranged leases for two community groups to take 3,600 s/f of new retail space at 1900 Lexington Ave., on the southwest corner of East 119th St., in East Harlem.
The ground floor retail of 1900 Lexington Ave. totals 4,800 s/f, with each group taking 1,800 s/f. The remaining 1,200 s/f unit is still available.
The two new tenants are Harlem-based community organizations, relocating from within the neighborhood. Just Leadership USA, led by Glenn Martin, an award-winning criminal justice advocate, is a group that trains the formerly incarcerated to become community leaders and required a larger footprint to accommodate their programming.
The Assembly of Pentecostal Church of Jesus Christ is temporarily relocating as their historic church at 220 East 118th St. closes to complete a full renovation.
“Both of these moves are indicative of the strength of the community in Harlem,” said Consolo, chairman of the Worldwide Leasing Team at Douglas Elliman.
Experts on Upper Manhattan retail, The Worldwide Leasing Team has secured space for many growing community organizations, as well for major non-profit institutions, including the National Jazz Museum, Children’s Aid Society, Food Bank For New York City and the Ralph Lauren Center for Cancer Care and Prevention. The group’s primary focus in Harlem of leasing retail and restaurant space has expanded dramatically with the overall demographic growth of the neighborhood, as new stores move in and the Harlem restaurant scene flourishes.
“Of course, it’s the high-profile restaurants coming to Harlem that capture the headlines, but it’s these smaller, non-profit organizations that make up the fabric of every community,” said The Worldwide Leasing Team’s Arthur Maglio.
The Worldwide Leasing Team represented landlord Tahl Propp Equities.
What noteworthy transactions or deals from this year best exemplified key market trends or shifts? I would like to say there was an outstanding transaction for me this past year but 2024 was more a culmination of long-term relationships, most of which continued to transact. Deals were smaller in many cases but we saw robust leasing both on the agency side as well as on the tenant side.