Burdett of Flaum Management negotiates 2 leases totaling 10,644 s/f
Flaum Management Company, Inc., a full-service real estate company, has negotiated a new 5,844 s/f lease at Maplewood Plaza in Rochester and a new 4,800 s/f lease at Delaware Consumer Square in Buffalo. Scott Burdett, director of marketing/brokerage services for Flaum Management Company, Inc. negotiated both deals on behalf of his client Rainbow Apparel.
The Rochester store will be the 5th new location in the Rochester market in the last 3 years. Located at the corner of Lake and Driving Park Aves., Maplewood Plaza is a 26,000 s/f neighborhood strip center with national retailers Rent-A-Center and Dollar General. Rainbow is taking a freestanding building formerly occupied by Hollywood Video. L.L.D. Enterprises owns the center and was represented in-house by David & Wendy Dworkin.
The Buffalo store will be the 1st new location for Rainbow Apparel in recent years. Located at the corner of Delaware and Hinman Ave., Delaware Consumer Square is a 239,000 s/f regional shopping center anchored by Target, A.J. Wright and OfficeMax. Rainbow is taking an outparcel space fronting Hinman Avenue formerly occupied by Avenue. The center is owned by Developers Diversified Realty and was represented in-house by Jason Chwojdak.
Brooklyn, NY Marcus & Millichap brokered the sale of 733 Dekalb Ave., a fully free-market multifamily and retail property in the Bed-Stuy neighborhood. The asset sold for $2.8 million.
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