News: Brokerage

"Herb" Philipson's to open 34,000 s/f store in Dewitt Town Center; Zazzara Jr. of Icon Cos.- leasing rep for the center

"Herb" Philipson's, Outfitter's for the Great Outdoors, will be opening a new store in the Dewitt Town Center, 3179 Erie Blvd. East. Renovation to the new 34,000 s/f store is proceeding on schedule and they are optimistic for a June opening. "We are looking forward to new opportunities and new friends in the greater Syracuse community," said Gary Philipson, president of "Herb" Philipson's. "We have been outfitting customers for many years in this area, and we feel our unique mix of clothing, footwear, sporting goods, and outdoor merchandise will continue to be a mainstay in this retail market." "Herb" Philipson's was founded by Gary's father, Herb, in 1951 and offers quality brand name merchandise at everyday low prices. Herb's philosophy of low prices gained him a reputation as the "Price Fighter." The original store in Rome, NY, had just 800 s/f of selling space in a modest storefront location. Today, the eight "Herb" Philipson's stores offer 240,000 s/f of fashion and work apparel, athletic and casual footwear, as well as a large selection of hunting, fishing, and camping gear. Brand names include The North Face, Under Armour, Columbia, Carhartt, Lee, Levi, Nike, Red Wing, Lacrosse, Teva, Fox Racing, New Balance, Coleman, Shakespeare, Old Town, and Remington. "Herb" Philipsons has stores located in Rome, Oneida, New Hartford, Herkimer, Watertown, Newark, Liverpool, and now Dewitt, New York. "Herb" Philipson's is a thrilling addition to Dewitt Town Center and further enhances the tenant mix," said Grazi Zazzara Jr. of Icon Companies, the leasing representative for Dewitt Town Center. In just under one full year, this will be the 8th new store opening at the center totaling a combined 142,400 s/f of space according to Icon. "Our strategy to fill the shopping center has been persistent, but also with strategic targeting to create a synergistic mix of quality tenants." "Herb" Phillipson's joins Harbor Freight Tools, Skyzone, Five Guys Burgers and Fries, Empire Buffet, Time Warner Cable, Jreck Subs, Matthews Salon Spa, Pella Windows, Cricket, Oreck, and Northeast Orthodontics in the revitalized Deiwtt Town Center. "Herb" Philipson's new 34,000 s/f store is located near the middle of the shopping center between Jreck Subs and Cricket.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
The anticipated effect of Basel III and ISO 20022 implementation on commercial real estate - by Michael Zysman

The anticipated effect of Basel III and ISO 20022 implementation on commercial real estate - by Michael Zysman

July 1, 2025 is the deadline for US banks to begin to adopt Basel III banking standards and July 14, 2025 is the deadline for U.S. banks to adopt ISO 20022 messaging standards. Both will have a significant effect on the banking and commercial real estate (CRE) finance sectors.
A fresh start - by Shallini Mehra and Amit Doshi

A fresh start - by Shallini Mehra and Amit Doshi

For the past several years, the New York City multifamily housing market has been defined by disruption. The combined impact of the HSTPA rent laws and a sharply higher interest rate environment has fundamentally reduced
Tri-state capital  migrates nationally amid  regulation pressure - by Reese Weaver

Tri-state capital migrates nationally amid regulation pressure - by Reese Weaver

New York tri-state multifamily investors are increasingly reallocating capital to less-regulated markets across the U.S. as rent control and legislative risk erode returns at home. With over 60% of New York City’s rental housing stock classified as rent-stabilized, the traditional value-add model — buying under-performing buildings,

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