Lee & Assocs. NYC facilitates three retail leases totaling 35,800 s/f

Bronx, NY Lee & Associates NYC has completed 35,800 s/f of new retail leases. The transactions include 21,400 s/f at 4075-4077 Boston Rd.; 9,500 s/f at 537 East 138^th St.; and 4,900 s/f at 410 East 189^th St.

Avis Budget Group (Budget Truck LLC), a provider of transportation solutions, signed a 21,400 s/f, 20-year lease at 4075-4077 Boston Rd., that includes a 16,000 s/f lot. The building is located at the intersection of Boston Rd. and Provost Ave. in the Eastchester neighborhood, situated in a location off I-95. Lee & Associates NYC’s Steve Lorenzo and Garry Steinberg represented the tenant, Avis. Ariel Castellanos and Federico Mazzeo from Pinnacle Realty represented the landlord, 4077 Boston Road, LLC.

Mott Haven Discount signed a 9,500 s/f, 15-year lease at 537 East 138^th St. in Mott Haven, on the corner of 138^th St. and St. Anns Ave. near the six train, previously occupied by Rite Aid. This will be the tenant’s first location in the borough, following two locations in Queens. Lorenzo represented the owner of Mott Haven Discount, Yingle Cai, and Ezra Saff of Retail Zone represented the landlord, Louis Reichardt Holdings, LLC.

IHOP signed a 4,900 s/f, 20-year lease at 410 East 189^th St. in Fordham. The building is located on the intersection of 189^th St. and Park Ave., a block away from the Fordham Metro-North Station. Lorenzo and Jeff Lopez from Lee & Associates NYC represented the tenant, IHOP, and the landlord, 410 E 189^th, LLC.

“We have seen a significant increase in retail leasing velocity across the Bronx,” said Lorenzo, principal at Lee & Associates NYC. “Our team has a deep history working in various submarkets throughout the borough and we are excited to witness its continued growth. These three leases highlight the Bronx’s success in the retail sector, a trend we anticipate will continue throughout 2025.”