Manhattan, NY Meridian Investment Sales, the commercial property sales division of Meridian Capital Group, sold a retail condominium in the Lower East Side for $6.5 million. Senior executive managing director, David Schechtman, and managing directors, Abie Kassin and Lipa Lieberman, represented the seller and procured the buyer.
Brooklyn, NY According to Brookfield Properties, London-based restaurant chain Pret A Manger will open its first Brooklyn location at 2 MetroTech Center. Pret A Manger will take 2,700 s/f, with the location set to open in early spring, creating a new lunch option for the many workers and visitors at MetroTech. Founded in London in 1986, Pret A Manger (“Ready to Eat”) is a sandwich and organic coffee shop offering hot breakfast sandwiches and frittatas, soups, salads, sandwiches and wraps made in-shop each day using carefully sourced ingredients. Pret donates their unsold food to food rescue organizations every night. Pret currently has over 500 shops in nine countries with 91 locations in New York, Washington, D.C., Chicago, Philadelphia, Newport, New Jersey and Boston.
Manhattan, NY Klosed Properties has acquired the retail condominium at 2082 Frederick Douglass Blvd. The property is an 860 s/f retail condominium, located in West Harlem. The property is long-term leased to 87 Orange Street Bar & Restaurant. Steven Kachanian, principal at Klosed Properties, said,“Even when most investors are running away from retail assets, we capitalize on opportunities as long as they are properly priced, well located, and have future upside potential. We finalized this acquisition within hours from our first inspection.”
Brooklyn, NY According to the owners of Hoyt & Horn, Benenson Capital Partners and Rose Associates, Starbucks signed a 2,050 s/f, 10-year lease at the building. The space is at street level of the rental property that is located at 45 Hoyt St., on the corner of Hoyt and Schermerhorn Sts. Bruce Spiegel, senior managing director of Rose Associates, represented building ownership. Diana Boutross, executive managing director of Cushman & Wakefield, represented Starbucks. Hoyt & Horn is a 368-unit, 26-story residential property that opened in March of this year and was fully leased by September.
New York, NY Project Real Estate Associate Program (REAP), the nation’s leading diversity initiative building bridges between talented multicultural professionals and commercial real estate (CRE) for 20 years, is returning to NYC and Washington, D.C., for the spring semester starting the first week of March 2019.
Brooklyn, NY TF Cornerstone has signed two retail leases totaling 2,587 s/f at the base of 33 Bond St., a 714-unit residential rental building located at the crossroads of Downtown Brooklyn, Boerum Hill and Fort Greene. Neighborhood Cut and Shave, a barber shop and grooming concept with three New York City locations, leased 801 s/f of ground-floor space in the building, and Burger Village, a Long Island-based organic burger restaurant with three locations in Brooklyn, Great Neck and Hicksville, signed a lease for 1,786 s/f. Winick Realty Group represented TF Cornerstone in the leases.
Manhattan, NY According to RIPCO Real Estate, Hotel Chocolat, a British-based chocolatier and cocoa grower, is expanding its presence to the U.S. via a 1,065 s/f lease at 441 Lexington Ave., between 44th and 45th Sts. The chocolatier’s stateside location opened December 10, 2018 and has a café component where customers will be able to sample a variety of chocolates. RIPCO’s Beth Rosen, executive vice president and Emily Simmonds, director, represented the landlord. Hotel Chocolat represented themselves.
Manhattan, NY According to The Durst Org., I Love Kickboxing, Soul Dental and Anthology Wine & Spirits each signed 15-year leases totaling 6,494 s/f for the ground floor at FRANK 57 WEST, located at 600 West 58th St. They are 2,551, 2,555 and 1,388 s/f, respectively. I Love Kickboxing has locations in the U.S., Canada, and Peru. FRANK will be Soul Dental’s second location, they have an office in Chelsea, and Anthology Wine & Spirits third location in Manhattan.
Queens, NY According to leading real estate development companies F&T Group and SCG America, Regal – operator of the second-largest theatre circuit in the United States – has signed a lease to occupy its 34,000 s/f multiplex within Tangram, the new 1.2 million s/f, mixed-use development in Flushing. Regal will be the first theatre to open in downtown Flushing in 30 years, further solidifying the neighborhood as a world-class destination. Tangram’s seven-screen theatre will feature the latest in groundbreaking cinema technology including 4DX, which allows the audience to connect with movies through motion vibration, and environmental effects such as wind and rain. This will be the first 4DX location in the borough.
Bronx, NY According to Simone Development Cos., a full service real estate investment company, CKO Kickboxing, a fitness kickboxing center, has leased 2,500 s/f at the Throggs Neck Shopping Center. Originally started in Hoboken in 1997, CKO Kickboxing currently has more than 65 locations across the U.S. and has been recognized in national fitness magazines and television programs. Fitness kickboxing is the number one fat-burning, cardio exercise, with up to 1,200 calories burned during a one-hour class.