According to Kalmon and Neil Dolgin, co-presidents of Kalmon Dolgin Affiliates, Inc. (KDA), the firm has arranged the renewal of a 14,000 s/f, long-term lease for New York-based drugstore chain Duane Reade at 198-15 Horace Harding Expressway. Duane Reade will continue to occupy the space at the Cross Path Shopping Center in the Flushing neighborhood.
Neil Dolgin and Grant Dolgin of KDAs represented the owner in the deal, while Winick Realty Group, LLC negotiated on behalf of the tenant.
"The KDA team worked closely with the owner to negotiate the best possible terms for the lease renewal of Duane Reade at the property," said Neil Dolgin. "The prime location of the Cross Path Shopping Center offers tenants excellent visibility, and the close proximity of Francis Lewis Blvd. and I-495 provides customers convenient access to all that the center has to offer."
The Cross Path Shopping Center is a one-story, 44,877 s/f, multi-tenant property, with a 95,000 s/f parking lot. Cross Path features prominent tenants such as Waldbaums grocery store, N&S Wines, a nail salon, pet groomer, T-Mobile, and the Blue Bay Diner. Duane Reade has occupied the 14,000 s/f space at 198-15 Horace Harding Expressway for many years.
The shopping center at 198-15 Horace Harding Expressway is adjacent to Francis Lewis Blvd. and the Long Island Expressway, and is convenient to the Clearview Expressway. Nearby transportation includes the Auburndale Long Island Railroad Station and the Q26 and Q30 buses.
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, KDA, through its subsidiary, KND Management Co., Inc., operates a portfolio of over six million s/f 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. Tags: