The owners of a Cobble Hill grocery store have offered to beat the rent that J. Crew will pay landlord Arista Real Estate Holdings under a lease the national apparel retailer signed last week, DNAinfo reported.
J. Crew inked a 10-year net lease for the building at 151 Court Street for 2,349 square feet each on the ground floor, lower level and second floor, as The Real Deal reported.
J. Crew signed for an asking rent of about $520,000 annually for a triple net lease.
But Billy Somaz, who manages Pacific Green Gourmet Food, the current tenant, said he and his partners are fighting the takeover. However, Arista is not interested because it preferred to give the space to a national corporation, the website said.
The store opened there in 2001, DNAinfo said. J. Crew is slated to launch there early next year. Ryan Condren and Kristina Triglia, both of CPEX Real Estate, were marketing the space on behalf of Arista. [DNAinfo] –Mark Maurer