Three national and international retailers and a fast-growing café concept have leased more than 10,000 S/F of space in the Pioneer Building at 41 Flatbush Avenue.
CPEX Real Estate’s Brooklyn Retail Leasing Team, consisting of managing director Ryan Condren and associate director George Danut, represented the landlord in all four lease transactions.
All four tenants are expected to move in by the end of this year.
Blick Art Materials will occupy approximately 7,700 s/f of space on the ground level and lower level.
Since 1911, artists of all ages and skill levels have looked to Blick for a wide range of high-quality art supplies at affordable prices, supported by a team of knowledgeable associates and a 100% satisfaction guarantee.
Now in its third generation of family ownership, Blick currently has more than 65 retail stores in 25 states across the country. Joshua Siegelman of Winick Realty represented the tenant.
Smoothie King will lease approximately 1,200 s/f of ground floor retail space. Blending fruit and vegetable smoothies with high-quality ingredients since 1973, Smoothie King has more than 800 locations in over 130 countries around the globe.
The Pioneer Building will be its third location in New York City. The tenant was represented by Nick Masson of Schuckman Realty.
Coffee Project New York has agreed to lease approximately 1,000 s/f of space on the ground floor.
Voted “New York’s Most Loved Café” by Time Out New York in 2016, this will be its first location in Brooklyn. Alexander Karas of Winick Realty represented the tenant in lease negotiations.
United Parcel Service (UPS), the world’s largest package delivery company, will occupy approximately 800 s/f of ground floor space at 41 Flatbush Avenue. HUDSON’s Nicole Liebman represented UPS in the transaction.
“We are happy with this mix and caliber of tenants for the Pioneer Building,” said Tyler Wilkins, partner at Quinlan Development Group.
“This lineup will provide a good set of amenities to the office residents upstairs and the neighborhood.”
CPEX is exclusively marketing approximately 12,000 s/f of remaining available space on Flatbush Avenue and Rockwell Place.
Targeted uses include gourmet markets, cafés, fitness operators, traditional retail, and restaurants or gastro pubs, with a lease currently out with a day care operator. Asking rent for the remaining available space ranges from $80 to $140 per square foot.
Located at the intersection of the BAM Cultural District, Fort Greene, and Boerum Hill in Downtown Brooklyn, the Pioneer Building is a ten-story, 260,000 s/ft Class A office building.
The nearby Atlantic Terminal-Barclays Center subway station offers access to nine different subway lines, plus four others within a three-minute walking radius. The space is close to the Fulton Street Mall and Atlantic Terminal Mall, as well as several other national retailers that include an Apple store and Whole Foods.
Quinlan Development Group and Building and Land Technology (BLT) own and operate the property. They recently completed a $30 million redevelopment to convert the former storage facility into a 24/7 Class A office building with ground floor retail.