News: Brokerage

Blumenfeld Development Group signs Optimum to 5-year lease at The Crossings in Hunts Point

New York, NY Accoding to The Blumenfeld Development Group (BDG), Optimum, a communications and media company, has signed a 5-year lease at The Crossings in Hunts Point.

Optimum’s 2,000 s/f space has opened its doors which will be used as part of their cellular phone retail operation. 

Optimum is a major wireless and communications company, providing service to nearly 5 million customers across the United States.

The Crossings, a 40,000 s/f retail space and the largest of its kind in the area, is located at the corner of Southern Blvd. and Hunts Point Ave. and was BDG’s first endeavor in the borough. 

Since opening in the fall of 2017, the Crossings has served the Bronx community with a variety of tenants across industry and sector including: Dollar Tree, McDonalds, Fresh City Deli, Revive Physical Therapy and Bank of America.

“We are pleased to welcome Optimum to The Crossings family and are excited to partner with such a respected name in the retail and communications industry,” said Brad Blumenfeld, vice president, Blumenfeld Development Group. “The Bronx continues to see rapid growth and expansion and the Blumenfeld Development Group is proud to be a part of this exciting time for the community.”

BDG was represented by Karnit Mosberg of Royal Properties and Optimum was represented by Chris Walther, Benjamin Weiner and Jeff Howard of Ripco Real Estate.

READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
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
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
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