Lee & Associates NYC
Brazilian fashion retailer leases 8,000 s/f multi-level space
Brad Schwarz, senior managing director/principal, and JP Sutro, director of Lee & Associates NYC, have arranged a 15-year lease for Brazilian fashion retailer, Aquamar Rio in an 8,000 s/f multi-level space at 648 Broadway, between Bleecker and Bond Streets in NoHo.
The new store will be the Rio de Janeiro-based company’s second New York location, following its Soho flagship.
Founded in 1986, Aquamar Rio is considered one of Brazil’s best established retailers and design/manufacturers of women’s clothing and accessories, with 25 stores throughout that country.
“This is a great location for Aquamar Rio with tremendous foot traffic, day and night,” said Schwarz. “Its proximity to NYU and the Village should be an immediate boon to the brand, too.”
Added Sutro, “Working with overseas retailers sometimes can be challenging, but this transaction was fluid from beginning to end. The tenant’s decision to expand its New York footprint at 648 Broadway was an excellent choice, too, especially considering its price points and customer demographics.”
Schwarz and Sutro exclusively represented the landlord in the transaction.
The tenant was represented by Rick Dana and Gisela Vergara of Douglas Elliman.
Levittown shopping centers reach full occupancy
A multi-year, multi-phase renovation of the Nassau Mall and Kohl’s Plaza complex at Hempstead Turnpike in Levittown, NY, has resulted in four new leases totaling approximately 11,000 s/f and 100 percent occupancy at the two centers, announced The Feil Organization, the projects’ owner and manager.
At Nassau Mall, FedEx has signed a new lease for 1,632 s/f, Chipotle Mexican Grill has taken 2,700 s/f, and GoHealth will occupy 2,486 s/f on the pad space next to the BJ’s Wholesale Club.
All three tenants will occupy portions of the space, formerly occupied by F.Y.E., which has undergone a complete façade renovation.
In addition, Curtains and Home has signed a new lease for 4,000 s/f near the AMC Theater section of the shopping center. The theater recently completed a renovation that included installing luxury and reserved seating. All tenants will be open by December.
“Over the past three years these centers, which share a large parking area, have undergone a phased remodeling as we have re-tenanted them,” said Randall Briskin, vice president of Leasing for Feil.
“The community is seeing the benefits of a completely leased project with a now completed modernization of the entire property.”
Briskin represented The Feil Organization in all negotiations, with legal counsel provided by in-house counsel Brian Palumbo and Michele Frankel.
FedEx was represented by June Robins and Barry Fishbach of RKF. Chipotle was represented by Lori Pellegrino, and by Daniel Spector and Leanna Spector of Winick Realty Group. Michael Stone of Cushman & Wakefield represented GoHealth.