News: Brokerage

Urban Edge signs Aldi, Lot Less, Buffalo Wild Wings Go, JAG-ONE and Saloncentric to leases at Bruckner Commons

Bronx, NY Urban Edge Properties (NYSE:UE) announced that it has signed almost 60,000 s/f in new leases at Bruckner Commons, introducing high-demand concepts to the area to open in the next 12 months. Aldi (21,976 s/f) and Lot Less (15,082 s/f) bring important value/essential retail, while Buffalo Wild Wings Go (1,666 s/f) will introduce a new to-go-only concept highlighting their most popular menu items in a to-go format. Also at the street level, Saloncentric (1,977 s/f) brings beauty supplies for professionals, providing a needed resource for neighboring tenant Phenix Salons and others in the area. On the second floor, JAG-ONE (4,000 s/f) will deliver physical and occupational therapy services. 

The property has also recently signed a lease with Target, leading Bruckner Commons’ transformation into a marquee 510,000 s/f center currently merchandised with retailers including ShopRite, Marshalls, Burlington, and Five Below.?? 

“With Aldi and Lot Less taking significant positions at Shops at Bruckner, the property continues to build on its reputation as a real community destination,” said Scott Auster, executive vice president and head of Leasing at Urban Edge.??“When all of these tenants are open alongside a brand-new Target, we expect to see a boost in consumer traffic to benefit the entire neighborhood.” 

Located at the intersection of the Bruckner Expressway (I-287) and White Plains Rd., Bruckner Commons serves more than 700,000 people living within three miles of the property and is easily accessible to the 80,000 vehicles that pass the property each day. ? 

Urban Edge was represented by Christopher Walther of Ripco Real Estate for these leases. Buffalo Wild Wings worked with William Cafero of Charter Realty and Development, Saloncentric was represented by Kevin Higgins of Oxford Street Retail Advisors & Michael Peguero of Katz & Associates,?and JAG-ONE was represented by William Grover of Newmark. 

 

READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
New York’s streets are full again, and the retail numbers prove it - by Noam Aziz

New York’s streets are full again, and the retail numbers prove it - by Noam Aziz

Walk down any New York block this year and you can feel it. The sidewalks are crowded, the storefronts are lit, and the energy that defines this city is back at full volume.
The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

There was a time when an offering memorandum (OM) was pretty bare bones, some photos, a few bullet points on income, and a rent roll thrown in at the back. That used to get the job done. Not anymore. In 2025, buyers are sharper, faster, and more selective. They’re looking
Hunt commercial real estate question and answer: The total cost of relocation - by David Hunt

Hunt commercial real estate question and answer: The total cost of relocation - by David Hunt

You have a right to be concerned. I am always surprised at the companies that will negotiate the price of their new facility down to the last dollar, without thoroughly analyzing their
Artificial intelligence in lending - by Lindsay Mesh Lotito

Artificial intelligence in lending - by Lindsay Mesh Lotito

Artificial intelligence (AI) is beginning to help transform lending by enhancing decision-making, improving risk management and streamlining operations. With AI-powered tools that analyze vast amounts of data, lenders are able to assess borrower creditworthiness more accurately and efficiently. AI can evaluate a wide range of factors,