M id A tlantic Real Estate Journal — Retail Development Reimagined — April 24 - May 14, 2020 — 7A
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R etail D evelopment R eimagined
Minnehan, Ginsburg & Kelly coordinate transactions KLNBfacilitatesJerseyMike’s leases throughout DMV
Winick Realty Group represents lessees RIPCO leads 2,000 s/f lease transaction on behalf of RXR
“This lease, with two estab- lished Brooklyn-based con- cepts, reflects our collective goal to curate an exciting and diverse mix of retailers at 475 Clermont,” said Pennington, a managing partner at RIPCO. “Whether you’re in the mood for a morning coffee or an eve- ning night cap, Hungry Ghost and Sweet Polly will cater to a wide-ranging customer base living and working in Clinton Hill, Fort Greene and Pros- pect Heights.” Hungry Ghost and Sweet Polly, whose sole location is in Prospect Heights, Brooklyn, are slated to open together at 475 Clermont in mid-2020.
NEW YORK, NY — RIP- CO Real Estate (RIPCO) announced that Hungry Ghost Coffee and Brooklyn cocktail lounge Sweet Polly signed a 2,000 s/f lease to open a shared location at RXR Re- alty’s 475 Clermont, a luxury residential building located at the nexus of Clinton Hill and Fort Greene. RIPCO’s Jason Pennington, Benjamin Weiner and Jessica He- drington represented RXR in the 10-year lease, while Winick Realty Group’s Daniel DePasquale and Thomas Caliendo repre- sented Hungry Ghost and Sweet Polly.
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ASHINGTON , DC — National franchise Jersey
Mike’s Subs has been rapidly expanding throughout the Washington, DC, Maryland and Virginia (DMV) region with the help of real estate partner KLNB , one of the area’s largest privately held commercial real estate bro- kerage firms. In total, KLNB has closed 17 deals for Jer- sey Mike’s across the DMV over the past 18 months, for a total of nearly 27,000 s/f and a lease volume of $10.46 million. KLNB has a long- standing partnership with Jersey Mike’s and has rep- resented the company’s real estate interests throughout the DMV for eight years. KLNB principal Ryan Minnehan and retail spe- cialist Michael Ginsburg represent Jersey Mike’s throughout Maryland and have played a key role in their growth strategy. “We’re proud to have a strong part- nership with the Jersey Mike’s team,” said Ginsburg. “They have a savvy real es- tate team that is looking for topnotch opportunities with maximum exposure, supe- rior accessibility and strong co-tenancy in the heart of major retail corridors and we have been able to deliver on fantastic opportunities for them.” “When you look at the Bal- timore metro market as a whole, Jersey Mike’s is one of the few franchises that is expanding so rapidly,” added Minnehan. “They have a strong business model – they invest in the communities in which they do business and truly live up to their slogan of being a sub above – and customers notice.” In Virginia, KLNB retail specialist Billy Kelly has closed seven deals over the past 14 months and in DC, principal Matt Skalet closed on the franchise's location at the Shops at Dakota Cross- ing. “KLNB has been instru- mental in our rapid expan- sion throughout the region,” said Jersey Mike’s director of real estate Elizabeth Hutchi- son. “Our growth strategy is aggressive, and we knew we needed a real estate partner that could ladder up to our goals. KLNB has been there every step of the way.”
Jersey Mike’s
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