News: Brokerage

Valentino and Tergesen of ABS Partners ink two leases totaling 2,150 s/f

ABS Partners Real Estate, LLC has completed two deals totaling 2,150 s/f at 234 Union Ave. for Armageddon Tattoos and an upcoming Spanish/American restaurant. ABS managing directors Dean Valentino and Mark Tergesen represented the tenant and landlord. Armageddon Tattoos signed a seven-year lease for 850 s/f in the building. "This new location really appealed to Armageddon Tattoos, especially since its previous building was undergoing renovations which would have interrupted its business operations," said Valentino. "With an established clientele who regularly seeks out its services, it was imperative that Armageddon Tattoos relocate as quickly and as smoothly as possible. 234 Union presented an ideal space and location for its needs and to grow the business." The Spanish/American restaurant, which is as-yet unnamed, signed a 10-year lease for 1,300 s/f on the building's corner. This is the newest venture for owner Venneio Infante, a seasoned restaurateur. "The surrounding area consists of many brand new condos and other new development, which made it a great place to open up a restaurant," said Valentino. "The vibrancy and energy of the surrounding areas made Venneio's decision easy as well as the corner location, which is extremely desirable." Existing tenants in the building include a laundromat. There is one more 550 s/f space still available that was previously a hair salon.
MORE FROM Brokerage

Industrial Realty Group acquires 422,727 s/f distribution facility in south St. Paul

St. Paul, MN Industrial Realty Group, LLC (IRG) acquired a 422,727 s/f industrial distribution facility located at 411 Farwell Ave. in south St. Paul. The property was formerly the headquarters of The Sportsman’s Guide, an online and
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
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
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
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,
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.