Brooklyn, NY After successfully launching the first patient-focused medical cannabis dispensary in Manhattan at 212 East 14th St., Columbia Care NY, one of the nation’s leading medical cannabis companies, has now leased 7,000 s/f of retail space to house its second NYC dispensary. The Savitt Partners team of Michael Dubin and Hector Rodriguez advised Columbia Care NY and represented the medical cannabis company in the lease.
Manhattan, NY Buchbinder & Warren Realty Group, LLC has brokered two leases totaling 4,730 s/f. The first deal was a 2,330 s/f lease to Frevo at 48 West 8th St. The space consists of 1,480 s/f retail and 850 s/f on the lower level. The landlord is Return to Home LLC.
Manhattan, NY According to Gregg Schenker, president and co-managing partner of ABS Partners Real Estate, Italian accessories and leather brand Il Bisonte has signed a new 2,600 s/f retail lease at 381 Bleecker St., a five-story property located in the West Village. This is the brand’s first U.S. location, in addition to eight stores it operates in Europe as well as 44 mono-brand stores globally. Il Bisonte is scheduled to open its doors in February.
Manhattan, NY According to The Durst Org., Club Pilates signed a 10-and-a-half-year lease for 2,500 s/f on the ground floor of HELENA 57 WEST, located at 601 West 57th St. Club Pilates, founded in San Diego in 2007, has 450 active locations in the U.S. and Canada. The HELENA location is their third studio in the borough and eighth in the New York metro area.
Manhattan, NY Brookfield Place has signed a 10-year, 2,748 s/f lease with Clean Market, a modern wellness hub. Set to open in the fall at Brookfield Places’ 230 Vesey St. Shops, this will be Clean Market’s second NYC location. The broker on the lease was Jack Terzi of JTRE.
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.