News: Long Island

Naeder of Sabre represents Chocolate Works in 1,647 s/f lease at the Gallery at Westbury Plaza

Sabre Real Estate Group LLC has arranged a lease in the Gallery at Westbury Plaza for Chocolate Works, the upscale New York City Upper West Side chocolatier. Sabre, Chocolate Works' exclusive broker for its franchised expansion throughout the New York metropolitan area, arranged a lease for 1,647 s/f at the Gallery at Westbury Plaza, a 330,000 s/f open-air center at 900 Old Country Rd. The store is expected to open Q4 of this year. A spinoff of the decades-old 5th Avenue Chocolatiere, Chocolate Works has been a huge success since it opened last year at Amsterdam Ave. and W. 91st St. The cutting-edge candy marker has eight stores in total, including Rockville Centre. In addition to its extensive collection of chocolates, including its signature 5th Avenue Truffle and such eclectic offerings as chocolate martini olives and chili-infused chocolate nibs, Chocolate Works stores are stocked with bulk bins of classic candies and also offer children's parties and workshops for children and adults. The chocolate is made on premises and children are able to enjoy an interactive experience and become "chocolatier for the day" through on site workshops or parties. Melissa Naeder, a director of Sabre, represented Chocolate Works. Ripco Real Estate represented the landlord, Equity One. Chocolate Works plans to open several hundred stores across the metropolitan region over the next several years, including approximately 25 on Long Island. Sabre is seeking locations of 1,800 to 2,500 s/f in prime neighborhoods for the retailer.
MORE FROM Long Island

Suffolk County IDA supports expansion of A&Z Pharmaceuticals

Hauppauge, NY The Suffolk County Industrial Development Agency (IDA) has granted preliminary approval of a financial incentive package that will assist a manufacturer in expanding its business by manufacturing more prescription (Rx) pharmaceuticals in addition to its existing over-the-counter
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
The evolving relationship of environmental  consultants and the lending community - by Chuck Merritt

The evolving relationship of environmental consultants and the lending community - by Chuck Merritt

When Environmental Site Assessments (ESA) were first part of commercial real estate risk management, it was the lenders driving this requirement. When a borrower wanted a loan on a property, banks would utilize a list of “Approved Consultants” to order the report on both refinances and purchases.