GFI Development markets “slam dunk” retail space near Barclays Center

May 03, 2012 11:00AM

The Barclays Center has made some unlikely real estate into potentially very profitable space, the New York Times and Real Estate Weekly reported. The building, at 470 Vanderbilt at the corner of Atlantic Avenue, is shopping for a large retail tenant, Real Estate Weekly said, to take 21,500 square feet of space. GFI Development is looking for tenants looking to capitalize on what is almost certain to be an influx of pedestrian traffic when the Barclays Center arrives.

“[There will be] more than 5,000 unique daily visitors, the 150,000 local residents and the fans attending Barclays Center events,” Louis Moskowitz, a senior associate broker at GFI, told Real Estate Weekly. “That’s a slam dunk for any retailer.”

The building will soon house at least 3,000 employees of the Human Resources Administration, who inked a lease for 400,000 square feet at the converted industrial property last year in one of the largest leases of the year in Brooklyn. [NYT and REW]