Mishaan of Winick brokers three retail leases at 395 Flatbush Avenue totaling 3,450 s/f

Winick Realty Group has negotiated leases bringing three new retailers to the bustling Flatbush Ave. corridor. Starbucks Coffee Co., Game Champ and Cohen's Fashion Optical will all be joining the retail at 395 Flatbush Ave. Extension, a full-block retail site anchored by decade-old locations for Applebee's and McDonald's that count among the brands' highest-grossing New York stores. "As the Barclay's Center continues to expand the need for retail on the strip, and as nearby residential and business developments attract more customers, the Flatbush Ave. corridor continues to grow," said Winick Realty Group's Zach Mishaan, who represented landlord Rabina Properties in all three lease transactions. Starbucks, Game Champ and Cohen's Fashion Optical were each drawn to the retail site not only because of the rapidly-growing neighborhood but also because of the impressive 20-ft. frontage included with each storefront. Winick Realty Group broker Diana Boutross, the exclusive broker for Starbucks in Brooklyn, leased a 1,243 s/f storefront for the brand, while Mishaan represented Game Champ as the video game retail leased 1,107 s/f of ground floor retail space. Set to open by the end of the year, this will be the fifth borough location for the company, which also operates stores in the Bronx, Staten Island and New Jersey. Cohen's Fashion Optical, represented by Boutross and Winick Realty Group broker Matthew Schuss, will also open a 1,100 s/f storefront at the property by the end of the year, marking the retailer's ninth foray into the borough. Mishaan is currently marketing 3,343 s/f of remaining retail at 395 Flatbush Ave. Extension, which he says would be ideal for fashion and apparel tenants, as well as banks. The space offers 72 ft. of frontage on Flatbush Ave. that, because of the way the building is angled, creates a corner-like exposure. 395 Flatbush Ave. Extension is uniquely positioned for maximum retail traffic as 13 of the 19 subway lines that service Brooklyn all stop within a four-block radius of the retail site. In addition to the 70,000 daily riders those subways bring to the neighborhood, more than 15,000 new apartments are also currently under construction in the immediate area. "The building façade and the sidewalks have been recently redone," said Mishaan, "and ownership has done major improvements to make the corridor more retail friendly, including the installation of additional lights and signage." Asking rent for the remaining retail availability is $150 per s/f, which is substantially lower than rents at the adjacent Fulton Street Mall.