News: Shopping Centers

Durst and Weinstein of Sholom & Zuckerbrot broker two leases: 22,000 s/f total

Sholom & Zuckerbrot Realty (S&Z) has arranged 15-year leases that bring Planet Fitness and Pure Nature to 30-33 Steinway St. in Long Island City, according to Frank Zuckerbrot, president of S&Z. Planet Fitness, a national chain of exercise facilities, will take immediate occupancy of its 17,000 s/f space, encompassing the entire basement and second floor and a portion of the ground level. Health food store Pure Nature signed for 5,000 s/f on the ground floor. The organic food retailer also has a store on Myrtle Ave. in the Ridgewood section of Queens. The 25,500 s/f multi-level Steinway St. retail property was previously occupied entirely by Young World Children's Clothing. Marc Durst, managing director at S&Z and Douglas Weinstein, managing director at S&Z exclusively represented the landlord, Jenel Management, and Pure Nature. Ray Villafana of Franchise Realty represented Planet Fitness. "During its tenancy, Young World only used about 16,000 s/f of the space, and the rest was for storage," said Durst. "In an effort to maximize the square footage of the property, we decided to reposition it as a multi-tenanted building. We received tremendous interest, and we are happy to arrange these two leases in such a challenging market." "Not only are Planet Fitness and Pure Nature complementary to each other in terms of their customer base, but they are a great fit for Long Island City and the nearby Astoria neighborhood," said Weinstein. Founded in 1962, Sholom & Zuckerbrot Realty LLC is a full-service real estate firm offering retail, office, industrial and investment brokerage, property management, plus development and build-to-suit projects.
MORE FROM Shopping Centers

2024 Year in Review: William O’Brien, M.C. O’Brien, Inc.

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.

READ ON THE GO
DIGITAL EDITIONS
Subscribe