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Residential Retail

Lee & Associates tapped to lease Promenade Shops at LeFrak City

Lee & Associates NYC has been named the exclusive agents for 15,000-plus square feet of retail space at the Promenade Shops at LeFrak City.

Mark Kapnick, Executive Vice President/Principal, Bradley Diamond, Managing Director, and Elliot Diamond, Director, of Lee & Associates NYC will lead the assignment for space on 99th Street between 57th Avenue and Horace Harding Expressway in Queens.

LeFrak City, the residential development with 4,600 apartments, is currently in the final phase of a six-year, $75 million master plan renovation that includes redevelopment of the retail space.

“With LeFrak’s substantial investment in infrastructure and amenities, including the commercial corridors, there are exceptional opportunities for new retail tenants,” Kapnick said. “We are thrilled to be working with LeFrak City at this exciting time in its storied history.”

Added Diamond, “The Promenade Shops at LeFrak City has served as a retail hub and amenity for area residents for more than 50 years. The success of the stores has always been supported by a built-in client base and that will never change.”

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