News: Brokerage

Gross of Avison Young and Riley of JLL broker X-Golf lease for 8,840 s/f at 870 Central Park Ave.

Scarsdale, NY P. Lawrence Enterprises LLC has signed a sublease at 870 Central Park Ave. The agreement will bring X-Golf, a golf simulator experience, to the 8,840 s/f retail space. X-Golf Scarsdale is owned and operated by Pete and Joan Gilmore.

“Joan and I couldn’t be more thrilled about this location for X-Golf. Not only is it in the beautiful town of Scarsdale, but also in the heart of Westchester County on Central Park Ave., which was our goal from the beginning,” said Pete Gilmore. “As county residents ourselves, we know the people here are passionate about the game of golf and they’re going to love having year-round access to the best technology on the market in a fun, exciting atmosphere.”

The lease at 870 Central Park Ave. is held by Walgreens, who will now serve as the sublandlord. The transaction was brokered by Peter Gross of Avision Young and Michael Riley of JLL.  Ian Lester, Esq., Rebecca Clareman, Esq., and Corey Trail, Esq. of law firm Lester Bleckner & Shaw LLP were legal representation for P. Lawrence Enterprises, while Walgreens was represented by Grechen Kosbie, Esq. of Reed Smith LLP.

X-Golf is expected to open in Q3 2023.

READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
The art of investing in real estate - by Thomas Donovan

The art of investing in real estate - by Thomas Donovan

Real estate investing is as much an art as it is a skill. No one can time the market, or the factors that drive it, perfectly. Location, zoning, size, transportation, and neighborhood density give you a baseline for
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.
Hunt commercial real estate question and answer: Fortune 500 wisdom - by David Hunt

Hunt commercial real estate question and answer: Fortune 500 wisdom - by David Hunt

Yes, there are lessons to be learned from the largest companies in America when comes to managing your real estate. But the decision to buy or lease real estate may not be one of
Hunt CRE question and answer: Choosing a real estate agent - by David Hunt

Hunt CRE question and answer: Choosing a real estate agent - by David Hunt

First, we will only work with one agent exclusively. The primary reason is that we want that agent to legally represent our client’s interests. In New York State, a real estate agent has a fiduciary