Eastern Consolidated’s Retail Leasing Division has arranged a 10-year, 2,700 s/f lease at $65 psf for Wholesome Foods at the corner of Atlantic and Nostrand Avenues in Crown Heights.
The property at 1306 Atlantic Avenue was previously leased to a 99 Cent store for about $20 psf. Joe Robinson, Senior Director of the Retail Leasing Division for Eastern Consolidated, represented the landlord, Nostrand Atlantic Holdings Inc. Alexandra Rossland, Associate Director of Investment Sales, was the referring agent. Robinson procured the tenant, Wholesome Foods.
When Wholesome Foods opens in the spring of 2016 following a gut renovation, it will offer gourmet groceries, beverages, fruits and vegetables, and prepared foods.
Robinson noted that the gourmet market could be the catalyst that brings upscale retail to Nostrand Avenue in the same way that new restaurants and markets have transformed Franklin Avenue.