News: Shopping Centers

Endelson and Deitch of Aries Deitch & Endelson secure two leases for Shoprite

According to Aries Deitch & Endelson, Midway Shopping Center recently signed a new anchor: Shoprite. The center is located on Central Ave. and was built circa 1960. Until 2008, Linens & Things anchored 60,000 s/f on 2-floors in this 240,000 s/f center, which was modernized in 2005. Before Linens & Things' bankruptcy, Aries Deitch & Endelson, exclusive broker, rented space to Dress Barn, Panera Bread, People's Bank, and Palm Beach Tan. A lower level family activity floor was developed for Great Play Kid's Gym, Denny's Childrenswear, a prenatal imaging center and Paint Your Pottery. The Linens & Things ground floor was 25,000 s/f, and the recession made several adjoining spaces available. Still, 47,000 s/f on grade was far from an ideal size for a major supermarket chain. Barry Endelson and Marty Deitch of Aries Deitch & Endelson were able to convince Shoprite Supermarkets that Midway had huge sales potential by utilizing the basement storage space. A lease for high volume, luxury format Shoprite was recently signed. The store has a summer 2010 opening scheduled. Shoprite was thrilled to enter the Scarsdale market. Soon thereafter Aries Deitch & Endelson rented them 75,000 s/f at the White Plains City Center. A summer 2010 opening is also planned.
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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.

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