Cobble Hill grocery owners fighting J. Crew move

TRD New York /
Jun.June 06, 2013 12:30 PM

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


Related Articles

arrow_forward_ios
Mall of San Juan (Taubman)

Taubman’s $475M Mall of San Juan gets “knocked out” after reopening

Taubman’s $475M Mall of San Juan gets “knocked out” after reopening
Clockwise:  CBRE's Michael Remer, Richard Hodos and Joel Stephen with the Wizarding World Building at 935 Broadway (Images via CBRE)

CBRE’s Hodos and other Muggles win REBNY award for Harry Potter deal

CBRE’s Hodos and other Muggles win REBNY award for Harry Potter deal
Right to left: 831, 835 and 837 Madison Avenue (Google Maps)

“The ’57 Chevy in that old lady’s garage”: Madison Avenue buildings up for sale in litmus test for retail real estate

“The ’57 Chevy in that old lady’s garage”: Madison Avenue buildings up for sale in litmus test for retail real estate
Lord & Taylor and Men’s Wearhouse are just the latest big retail chains to file for bankruptcy (Lord and Taylor by Bruce Bennett/Getty Images; Men's Warehouse by Scott Olson/Getty Images)

Lord & Taylor, Men’s Wearhouse file for bankruptcy

Lord & Taylor, Men’s Wearhouse file for bankruptcy
Banana Republic CEO Mark Breitbard and Tishman Speyer CEO Rob Speyer (Breitbard by Neilson Barnard/Getty Images for GQ; Speyer by Drew Angerer/Getty Images; Banana Republic via Google Maps)

Banana Republic sues to stay in Rockefeller Center

Banana Republic sues to stay in Rockefeller Center
Brookfield's Ric Clark (Getty)

Brookfield, creditors reach deal on REIT’s $6.4B credit facility

Brookfield, creditors reach deal on REIT’s $6.4B credit facility
Renderings of Mott Street by Rockwell Group

Outdoor dining goes professional

Outdoor dining goes professional
How will NYC real estate fare without 65 million tourists?

How will NYC real estate fare without 65 million tourists?

How will NYC real estate fare without 65 million tourists?
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...