News: Brokerage

Siano of CB Richard Ellis arranges six new Long Island leases for Play N Trade; To open 35 more stores in next three years

Newport Beach, California-based video-game retailer Play N Trade has been expanding rapidly throughout L.I. opening six new locations in the market over the past year alone. Working closely with CB Richard Ellis retail broker, Jayson Siano, the national video game retailer has now set its sights on opening up to 35 additional stores on L.I. in the next three years. Acting as the company's exclusive real estate advisor in the NYS region, Siano arranged six new leases this year alone. Among the deals signed are a 1,600 s/f lease at Centro Property Group's Nesconset Shopping Center in Port Jefferson Station; a 1,600 s/f commitment for space currently under construction in Deer Park; a 1,330 s/f lease in Miller Place at the North Country Plaza; and a 1,500 s/f lease in Bayshore in the Kohl's Shopping Center. "The video game industry is currently one of the most stable and popular businesses in the world generating several billion dollars in revenues each year," said Siano. "Play N Trade's highly-targeted expansion campaign in the Long Island market is another indication of the growth of this business segment."
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