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Lee & Associates lands exclusive to market big box W’burg retail

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.

195 Berry Street

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.

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