News: Shopping Centers

Wagner of Goldschmidt & Associates brokers 37,000 s/f for H Mart Supermarket; Andreadis of Centro assisted

According to Eric Goldschmidt, senior partner of Goldschmidt & Associates, salesperson Fern Wagner represented H Mart Supermarket in its 37,000 s/f lease transaction for the former Pathmark Supermarket on Central Ave. The property is owned by Centro Properties Group. Nick Andreadis negotiated the deal on behalf of Centro. "This was a win-win-win for all concerned," said Goldschmidt. "The property owners and the town of Greenburgh maintained a supermarket in the location and H Mart was able to enter the Westchester market in an AAA location. Wagner had been searching for the right situation for H Mart and once Pathmark announced it was closing, she jumped immediately on the opportunity." H Mart is an international Asian-inspired supermarket chain. The company began in 1982 and has grown because of their continuous commitment to offer the freshest and best quality in all the products they carry. H Mart will be a welcome addition to the Westchester community. Wagner has also negotiated seven other are transactions totaling 21,160 s/f, including Critter comforts at Mamaroneck Ave., Mamaroneck; Think Spa Tarrytown Rd., White Plains; Aroma Spa, Central Ave.; Just Funki Jewelry, Huguenot St., New Rochelle; Silver Spoon Café, 8th Ave., Manhattan; and Song Spa, West Patterson, N.J. Goldschmidt & Associates specializes in the leasing and sales of office, retail, and industrial properties in the New York Metropolitan area.
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2024 Year in Review: William O’Brien, M.C. O’Brien, Inc.

What noteworthy transactions or deals from this year best exemplified key market trends or shifts? I would like to say there was an outstanding transaction for me this past year but 2024 was more a culmination of long-term relationships, most of which continued to transact. Deals were smaller in many cases but we saw robust leasing both on the agency side as well as on the tenant side.

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