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Brokerage
Posted: May 27, 2014
O'Brien and Cohen of M.C. O'Brien secure 5,200 s/f retail lease
M.C. O'Brien, Inc. arranged the signing of a long-term lease with Clean Rite Centers for 5,200 s/f located at 3720 Nostrand Ave. in the Sheepshead Bay section of the borough. The building housed R & S Strauss Auto Parts for the last 20 years and before the site housed a Korvette's Department Store.
Clean Rite will undertake a complete renovation of this former retail space and service bay with an expected opening during the 3rd quarter of 2014. This site is surrounded by national retailers and benefits from shared parking of 30 cars with Advance Auto which leased the balance of the building.
William O'Brien, SIOR and Karen Cohen of M.C. O'Brien were the sole brokers in this lease with an aggregate value of $3 million.
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