News: Brokerage

Siano of CB Richard Ellis arranges six new Long Island leases for Play N Trade; To open 35 more stores in next three years

Newport Beach, California-based video-game retailer Play N Trade has been expanding rapidly throughout L.I. opening six new locations in the market over the past year alone. Working closely with CB Richard Ellis retail broker, Jayson Siano, the national video game retailer has now set its sights on opening up to 35 additional stores on L.I. in the next three years. Acting as the company's exclusive real estate advisor in the NYS region, Siano arranged six new leases this year alone. Among the deals signed are a 1,600 s/f lease at Centro Property Group's Nesconset Shopping Center in Port Jefferson Station; a 1,600 s/f commitment for space currently under construction in Deer Park; a 1,330 s/f lease in Miller Place at the North Country Plaza; and a 1,500 s/f lease in Bayshore in the Kohl's Shopping Center. "The video game industry is currently one of the most stable and popular businesses in the world generating several billion dollars in revenues each year," said Siano. "Play N Trade's highly-targeted expansion campaign in the Long Island market is another indication of the growth of this business segment."
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
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
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
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: The total cost of relocation - by David Hunt

Hunt commercial real estate question and answer: The total cost of relocation - by David Hunt

You have a right to be concerned. I am always surprised at the companies that will negotiate the price of their new facility down to the last dollar, without thoroughly analyzing their