News: Shopping Centers

Gorman and Gettler of New Street Realty Advisors complete three leases

New Street Realty Advisors, LLC recently completed lease transaction between Sutton Commercial, LLC, the owners of 2771 Frederick Douglass Blvd. and The St. Luke's-Roosevelt Hospital Center in a long term lease transaction. The space is comprised of a 3,000 s/f ground floor space and 2,500 s/f basement. Matthew Gorman and Joshua Gettler, managing partners of New Street Realty Advisors, acted on behalf of Sutton Commercial, LLC in securing the long-term lease. Daniel Woods of Grubb & Ellis, New York, Inc. and Elizabeth Martin of E. L. Martin Partners, LLC acted on behalf of St. Luke's-Roosevelt. New Street Realty Advisors, LLC also recently completed a lease transaction between Universal Communications Network Inc., the owners of 11 East 17th St. and Hale & Hearty Soups in a long term lease transaction. The space is comprised of a 2,500 s/f ground floor space with a 1,500 s/f lower level. Gorman and Gettler acted on behalf of both landlord and tenant. New Street Realty Advisors has completed a lease transaction between APF 286 Mad LLC, the owners of 286 Madison Ave., and Hale & Hearty Soups in a long term lease transaction. The space is comprised of a 1,500 s/f ground floor space with a 1,000 s/f lower level. Gorman and Gettler acted on behalf of Hale & Hearty Soups and Jared Lack of Newmark Knight Frank acted on behalf of ownership. Hale & Hearty Soups, with 23 locations in the New York area, was eager to enter into the heavily trafficked Union Square neighborhood. The chain will continue to service its clientele with a wide range of homemade soups, salads and sandwiches. New Street Realty Advisors, LLC is a New York City based real estate brokerage firm with niche focuses on retail leasing and investment sales.
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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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