The Real Deal New York

Maimonide of Brooklyn to open on Atlantic

June 14, 2011 01:39PM

From left: Ryan Condren and Eric Altschul of CPEX, and 525 Atlantic Avenue

Parisian hotelier and restaurateur Cyril Aouizerate plans to open a restaurant, Maimonide of Brooklyn (or M.O.B.), in a 1,900-square-foot space he just leased in Downtown Brooklyn, according to CPEX, which represented Aouizerate in the transaction. Aouizerate, who founded France’s Mama Shelter hotel chain, signed on for 10 years at 525 Atlantic Avenue, with a starting rent of $50 per square foot, in a deal brokered by CPEX’s Ryan Condren and Eric Altschul. The property was sold, as recently as June 2 according to public records, to New Atlantic Gardens for $10 million. G.F.I. retail represented the owner in the Maimonide of Brooklyn transaction. “Eric and Ryan spent a great deal of time bringing all the parties together and they demonstrated great tenacity during the many months of negotiation.” said Timothy King, Managing Partner of CPEX Real Estate. TRD

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