New York Real Estate Journal

Metzger of Cohen and Co. handles new retail leases and renewals at Nostrand Ave. properties in Brooklyn

November 19, 2007 - Shopping Centers
Cohen and Company Inc., Real Estate (CCIRE) recently completed the following new retail space leases and renewals at Nostrand Avenue between Avenues Y & Z in the Sheepshead Bay area of Brooklyn: Rebecca Metzger, director of leasing for CCIRE, brokered a new 5-year lease to The Army Corp. of Engineers Career Center allowing them to occupy 1,700 s/f of ground floor retail space at 3800 Nostrand Ave. The asking rent was $44 per s/f with NNN of $4 per s/f. Metzger also brokered a new 5-year lease to Viewpoint Optical allowing them to continue occupying their existing premises totaling 1,200 s/f at 3826 Nostrand Ave. Since they had no lease options to renew, they entered a new lease prior to their current lease's expiration date in February 2008. The asking rent was $44 per s/f with NNN of $4 per s/f.