490 Fulton Street
Merged discount retailers Filene’s Basement/Syms have signed on to open a 40,000-square-foot store in early 2012 at Eli Gindi and Stanley Chera’s newly-acquired 490 Fulton Street in Downtown Brooklyn. Terms of the deal were undisclosed, but according to the Post, ground-floor asking rents on the Fulton Mall have been around $250 to $300 per square foot. Chera said that the Fulton Mall building, which he bought through his Crown Acquisitions earlier this year for over $60 million, has attracted “a lot of national tenants,” and that 80,000 square feet of retail space remains unclaimed. Long Island University is turning the top three floors into student housing. This isn’t the only new Filene’s/Syms store on the horizon: the brands are also opening a store called fbSY on Fifth Avenue at 43rd Street in Manhattan next spring. [Post]