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
Tri-state capital  migrates nationally amid  regulation pressure - by Reese Weaver

Tri-state capital migrates nationally amid regulation pressure - by Reese Weaver

New York tri-state multifamily investors are increasingly reallocating capital to less-regulated markets across the U.S. as rent control and legislative risk erode returns at home. With over 60% of New York City’s rental housing stock classified as rent-stabilized, the traditional value-add model — buying under-performing buildings,

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
A fresh start - by Shallini Mehra and Amit Doshi

A fresh start - by Shallini Mehra and Amit Doshi

For the past several years, the New York City multifamily housing market has been defined by disruption. The combined impact of the HSTPA rent laws and a sharply higher interest rate environment has fundamentally reduced
The anticipated effect of Basel III and ISO 20022 implementation on commercial real estate - by Michael Zysman

The anticipated effect of Basel III and ISO 20022 implementation on commercial real estate - by Michael Zysman

July 1, 2025 is the deadline for US banks to begin to adopt Basel III banking standards and July 14, 2025 is the deadline for U.S. banks to adopt ISO 20022 messaging standards. Both will have a significant effect on the banking and commercial real estate (CRE) finance sectors.