www.marej.com M id A tlAntic Real Estate Journal — Retail De
20A — May 21 - June 17, 2021 — Retail Development Reimagined — M id A tlantic Real Estate Journal www.marej.com
R etail D evelopment R eimagined Newmark Knight Frank’s Petersen reps. landlord in 650 s/f lease DePasquale of Katz &Associates completes 5 leases in New York 700,000 s/f of transaction & n w agency assignments among 2020 L vin Mgmt. ushers in 2021 with a look b ck o progress R etail D eve R eimagineD
EW YORK, NY — Daniel DePasquale , director, Katz & As- sociates, has closed six recent deals in New York City. Hungry Ghost, Murat Uyaro- glu’s growing New York coffee brand known for its charming décor and high-quality coffee and food, is debuting in New York City’s West Village. De- Pasquale represented Hungry Ghost for a new coffee shop at 315 Bleecker St., an ideal neighborhood corner. This new location, which is set to open in spring 2021, is DePasquale’s fourth deal for Hungry Ghost. Caleb Petersen of Newmark Knight Frank represented the landlord. The new Hungry Ghost on 315 Bleecker St. in Manhattan is 650 s/f plus basement. It has a cast-iron façade with large windows and a brick exterior. The interior design features the original tin ceiling and beauti- ful tile floors. Hungry Ghost brews Stumptown coffee and serves Serendipitea teas. “It’s exciting to work with Hungry Ghost owner Murat Uyaroglu who prides himself on providing the best espresso experience to the community,” said DePasquale. “The first- class coffee, beautiful décor, friendly and dedicated baristas, and the ideal corner spot on Hi lights of LMC’s retail easing activity included an anc or lease with off-price retai r Burlington Stores at Mill Creek at Harmon Me dow (Sec ucus), a 24,000 s/f lease with Aqu Mark t at win City Shopping C n er (Bayonne) and a 20,000 s/f lease with Planet Fitne s at Mayfair Shopping Ce - t (Commack, NY). LMC’s tran actional activity also brou ht a host of renewals as well as new etailers and service providers to th region, punctuated by nearly one dozen l ases with restaurant tenants – sev ral of which have alrea y launched opera- tions. Other openi gs inv lved N N ORTH P L A I N - FIELD, NJ — Amid th chal lenges of 2020, commercial real estate s rvices firm LevinManage- ment Corp ration (LMC) achieved tangible p ogress – promising sign fo the industry moving into a new year. Over the pas 12months the North Plainfie d based organization secur nearl 700,000 s/f of new leas s and renewals, add d new leasing and management as ign- ments, solidified its staff with new hires/promotions, nd garnered several industry recognitions.
Deadline: June 4, 2021 Publication Date: June 18, 2021
Burlington Stores at Mill Creek at Harmon Meadow
Bleecker will make this a great asset to the neighborhood.” On behalf of Greystone Development , DePasquale’s signed leases: At 225 Fourth Ave. in Brook- lyn –1,850 S/f in a lease to bring a UPS store. The store is slated to open this summer. At 69 East 125th St. in Har- lem – 3,500 s/f in a lease to bring a Covid data collection center that is now open. “Despite the economic un- certainty and business-related disruptions facing our indus- try since March, there has been progress – with certain key dynamics coming into sharpened focus,” said LMC’s Matthew Harding , chief ex- ecutive officer. “For example, positive l ndlord/tenant rela- tions have always b e imp r- ta t. During 2020, tenants worked navigate an incred- ibly difficult environment, we approached everything on a v ry granular basis, r vi w- ing the distinctive needs and nature of each busin ss. Like - wise, w have done the same with our landlord clients a d th ir individual properti to On behalf of Midwood In- vestment & Development , DePasquale’s signed leases in 37-40 74th St. high-profile anchors like Lidl (North Brunswick) and Burl- ington Stores (Raritan). Non-retail leasing highlights within LMC’s diversified port - folio included a 135,000 s/f renewal by Hall’s Warehouse Corp. at Rutgers Industrial Center (Piscataway).
Jackson Heights: At 37-39 74th St. – 1,682 s/f + basement, a graphics/printing tenant. A five-year lease with a five-year option. At 37-40 74th St. – 1,706 s/f + basement, Abid Jewelers, a jewelry tenant, A 10-year lease with a five-year option. Both tenants are slated to open this spring. And, DePasquale repre- sented Red Chaconia, LLC for a café at 616 Flatbush Ave, 600 s/f, slated to open this summer. MAREJ LMC also continued to ex - p nd its leasing and manage- ment portfolio, which today totals 110 properties to al- ing early 15.5 million s/f. The firm was appointed leas - ing and managing agent for Springfi ld Avenue Market - place, a 112,000 s/f supe m r- ke -anchored p erty at 204- 234 Springfield Av . in New - ark. In Berge County, LMC was named managing agent for Mark tplace at Edgewater, 73,000 s/f shopping center located at 725 River Rd. in Edgewater. MAREJ 225 Fourth Ave. help them best respond to ten- ant requests and operational needs. “This customized approach has always been central for our team; however, this year has intensified the practice to a new level that we will sustain moving forward,” Harding added. “This is an ad- vantage we can provide over some of our larger, nationally focused peers.”
315 Bleecker St.
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69 East 125th St.
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