KDA arranges 7,500 s/f lease at 74 Guernsey Street

According to Kalmon Dolgin and Neil Dolgin, co-presidents of Kalmon Dolgin Affiliates, Inc. (KDA), the firm has arranged a 7,500 s/f, long-term lease for Beacon's Closet, a clothing retailer offering vintage and modern items, at 74 Guernsey St. in the Greenpoint section. Neil Dolgin and Grant Dolgin of KDA represented the owner, while Heather Rae Hatton, also of KDA, represented the tenant in the deal. "The space at 74 Guernsey St. was ideal for the relocation of Beacon's Closet as they begin a new chapter in their business. Located between Greenpoint and North Williamsburg, the location is becoming a popular area for retailers and restaurants, and Beacon's Closet adds to the value and appeal of the neighborhood. The tenant will benefit from high pedestrian traffic and a strong customer base," said Neil Dolgin. Beacon's Closet specializes in the buying, selling, and trading of vintage and modern clothing and accessories. It will occupy 7,500 s/f in the one-story building at 74 Guernsey St., where the previous tenant was a woodworking shop for the past 20 years. Beacon's Closet has been a part of the Williamsburg neighborhood since 1997 and has occupied its flagship store at 88 North 11th St. since 2002. The store will relocate to 74 Guernsey St. from its 11th St. store later this year. The tenant happened upon the listing at 74 Guernsey St. through Ms. Hatton's on-line video tours, and immediately took to the space, which is located in a vibrant neighborhood near McCarren Park. Located between Nassau and Norman avenues, 74 Guernsey St. offers quick access to Manhattan and Queens via the Williamsburg Bridge, and the Brooklyn Queens Expressway. The G subway line is two blocks away from the property, and the L subway line is a quick, five minute walk from 74 Guernsey St. Founded in 1904, KDA offers over a century's worth of experience in the management, sale, leasing and marketing of commercial and industrial property throughout the New York Metropolitan region. In addition to its staff of 35 brokers, Kalmon Dolgin Affiliates, through its subsidiary, KND Management Co., Inc., operates a portfolio of over six million square feet of industrial, office, medical and retail space in ten states. Their highly-trained professionals offer a practical, street-wise approach to real estate, supported by the latest in real estate management and research technology and four generations of unparalleled expertise.