Lee & Associates is bringing a big box retail space to market in booming Williamsburg.
A 2,000 s/f ground floor at 195 Berry Street can include escalators, elevators, or a combination of both to create a traffic flow to the 25,000 s/f lower level, according to Garry Steinberg, managing director and principal, and Jaime Schultz, director of Lee & Associates NYC who are marketing the space on behalf of SL Green.
Manhattan’s largest office landlord, SL Green Realty, bought the property last year for $19.58 million. The deal was part of a trend in big-name purchases by investors attracted by Williamsburg’s rising rents and retail demand.
Located between North 3rd and 4th Streets, the Berry Street space is four blocks away from the L train’s Bedford Avenue stop and across the street from the Louis Steele Building, which the Steinberg-Schultz team is also exclusively marketing and now home to Steven Alan Home, McNally-Jackson and Blue Bottle Coffee.
Other area businesses include J.Crew, Whole Foods, WeWork, New York Sports Club, Mast Brothers Chocolate Factory, Radegast Hall & Biergarten and, opening this fall, G-Star.
“With its mix of popular national retailers and independent businesses, this is a signature neighborhood for visitors and residents alike,” said Schultz.
“The large space and central location make this an ideal big box opportunity for a home goods or furnishings retailer.”
In addition to 195 Berry Street, the Steinberg-Schultz team holds exclusive agencies at many other properties in Williamsburg and is marketing 150,000 s/f of space in the area.
Overall, Lee & Associates closed more than 30 transactions in 2014, comprising over 100,000 s/f, and currently holds 17 exclusive agencies, primarily in Williamsburg, East Williamsburg, Bushwick and Greenpoint.