Lips Cafe and Coffee House has inked an 800 s/f retail lease for a new glass storefront in East Flatbush. The space is located in an 8,707 s/f building at 1412-1414 Nostrand Ave. The is the cafe's first location and the first business venture for owner Jamane Weekes.
Manhattan, NY Avison Young closed a 3,463 s/f, long-term retail lease at 815 Second Ave. in Midtown East. The lease comprises 1,807 s/f on the ground floor and 1,656 s/f on the mezzanine for Midtown Hardware, a retailer-owned hardware store member of the True Value cooperative, which extends to over 4,400 retail locations across the United States.
Manhattan, NY Lee & Associates NYC has completed three retail leases totaling 8,762 s/f.
Manhattan, NY Shawmut Design and Construction has completed the COVERGIRL Times Sq. flagship, the brand’s first permanent retail destination. Working against an aggressive six-week timeline, Shawmut brought this new experiential beauty playground to life just in time for its Black Friday opening.
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.