News: Brokerage

Goldfarb and Lindenfeld of Lee & Associates NYC lease 4,211 s/f to Carter's

The Harlem retail leasing team of Henry Goldfarb and Stanley Lindenfeld, each a senior executive at Lee & Associates NYC LLC, has arranged a long-term lease for the borough's first Carter's store at 215 West 125th St., located between Frederick Douglass Blvd. and Adam Clayton Powell Blvd. The 4,211 s/f store will be at the base of the 171,000 s/f office building and features over 40 ft. of frontage. Goldfarb and Lindenfeld represented the landlord, Cogswell Realty LLC. The tenant's broker was Marc Durst of Sholom & Zuckerbrot. Ross Jacobs, a principal of Cogswell Realty, said, "When Cogswell entered the Harlem market over 15 years ago with the acquisition of Harlem's two largest privately held office buildings at 55 West 125th St. and 215 West 125th St., we envisioned the continuing evolution of both the office and retail marketplace. We are grateful to Stanley, Henry and the Lee & Associates NYC team for their assistance in helping us with this important lease for the Harlem market." "Carter's has been a leading brand since we were kids, with nearly 600 stores nationwide, including Brooklyn and Queens," said Goldfarb. "But its presence in Harlem makes a critically important statement because it reflects the revitalization of this well-established family-focused neighborhood." Among the retail giant's neighbors on the block are Starbucks, Aerosoles, MAC, Payless, Children's Place, American Apparel, Ashley Stewart, Lane Bryant and Champs. In addition, the much anticipated Whole Foods is soon opening up the street on the same block as H&M, Marshall's, Dunkin Donuts and Sleepy's. Lindenfeld said, "We have been working in Harlem for more than a decade and have witnessed an exciting transition in the retail landscape along 125th St. Two doors down at 215 West 125th St., we are marketing a 1,700 s/f store that is already attracting family fashion and service tenants." Asking rent was $130 per s/f and the store is expected to open in July.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
New York’s streets are full again, and the retail numbers prove it - by Noam Aziz

New York’s streets are full again, and the retail numbers prove it - by Noam Aziz

Walk down any New York block this year and you can feel it. The sidewalks are crowded, the storefronts are lit, and the energy that defines this city is back at full volume.
Artificial intelligence in lending - by Lindsay Mesh Lotito

Artificial intelligence in lending - by Lindsay Mesh Lotito

Artificial intelligence (AI) is beginning to help transform lending by enhancing decision-making, improving risk management and streamlining operations. With AI-powered tools that analyze vast amounts of data, lenders are able to assess borrower creditworthiness more accurately and efficiently. AI can evaluate a wide range of factors,
The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

There was a time when an offering memorandum (OM) was pretty bare bones, some photos, a few bullet points on income, and a rent roll thrown in at the back. That used to get the job done. Not anymore. In 2025, buyers are sharper, faster, and more selective. They’re looking
Hunt commercial real estate question and answer: The total cost of relocation - by David Hunt

Hunt commercial real estate question and answer: The total cost of relocation - by David Hunt

You have a right to be concerned. I am always surprised at the companies that will negotiate the price of their new facility down to the last dollar, without thoroughly analyzing their