Kasowitz team represents Steiner NYC in Wegmans ground lease at Brooklyn Navy Yard

Douglas Heitner, Jeffrey DiChiara, and Julia Sanabria of Kasowitz's real estate practice represented Steiner NYC in simultaneously negotiating a 96-year ground lease with the Brooklyn Navy Yard Development Corporation for the development of six acres of land at the Brooklyn Navy Yard as a mixed use retail and light industrial/office complex, and a long term lease with Wegmans to serve as the anchor tenant. "Working side by side with our client we were able to bring our public-private expertise to serve as the fulcrum in bringing together the BNYDC, Steiner and Wegmans to craft a deal that addressed the group's collective desire for a viable economic arrangement, sustainable, appropriate development of the Navy Yard and job creation in an underserved, underemployed area of Brooklyn," said Heitner, who led the Kasowitz team.

Tags: Brokerage

Reprint

Previous Story Next Story

Simi Capital enters Texas with acquisition of 359,000 s/f small-bay industrial portfolio in Northwest Houston

Houston, TX Simi Capital acquired a three-property, 359,000 s/f small-bay industrial portfolio. The transaction, completed in a joint venture with Decker Capital, marks Simi

Nassimian of Highcap Group sells 260 Bleecker St. for $5.925 million

Nassimian of Highcap Grp. sells 260 Bleecker St. - $5.925m

Investment Property Realty Group closes $1.75 million sale of 1094 Hancock Street in Brooklyn

IPRG closes $1.75 million sale of 1094 Hancock St.

Chef Driven Hospitality and AI technology company Fuel Cycle complete leasing deals at GFP Real Estate’s 630 Ninth Ave.

Chef Driven Hospitality and Fuel Cycle sign leasing deals at GFP’s 630 Ninth Ave.

New REBNY analysis finds NYC Class B office visitation stabilizing

READ ON THE GO

DIGITAL EDITIONS

Browse Now

Quick Hits

Construction Design & Engineering

AmTrustRE and MdeAS Architects complete modernization of 360 Lexington Ave. in Midtown

Columns and Thought Leadership

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

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

A guide to finding the right NYC property management company - by Sanjay Gandhi

Being a small to midsize landlord in NYC is an increasingly demanding endeavor. From navigating complex regulations, increased compliance demands to dealing with tenant issues and remediating violations. It is wise to enlist the assistance of a partner, a professional

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.