
Brooklyn, NY Schuckman Realty Inc. has facilitated the leasing of street level retail space at 604 Pacific St. to Walgreens Pharmacy Health & Wellness.
Kenneth Schuckman of Schuckman Realty represented the landlord in a lease for 8,300 s/f across from the Barclay’s Center. Michael Riley of JLL, represented the tenant.
Walgreens is expected to open in Q3 2022.
Walgreens will join Snipes, Shake Shack and Chick-Fil-A at the intersection of Pacific St. and Flatbush Ave.
New York tri-state multifamily investors are increasingly reallocating capital to less-regulated markets across the U.S. as rent control and legislative risk erode returns at home. With over 60% of New York City’s rental housing stock classified as rent-stabilized, the traditional value-add model — buying under-performing buildings,