Cobble Hill grocery owners fighting J. Crew move

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
The colorful Prizm Outlet in Nevada. (Prizm Outlet via Facebook)
Mall short-sellers see a big payout from Nevada mall auction
Mall short-sellers see a big payout from Nevada mall auction
Smaller retailers are snapping up Manhattan’s empty storefronts for shorter, cheaper leases (iStock)
Small retailers slip into city’s empty storefronts on the cheap
Small retailers slip into city’s empty storefronts on the cheap
Charlie Kushner, Laurent Morali, Nicole Kushner with Monmouth Mall (Google Maps, Sasha Maslov, Getty)
Kushners fend off rival developers for NJ mall
Kushners fend off rival developers for NJ mall
Urban Outfitters at 526 Avenue Of The Americas (Google Maps, Getty)
Urban Outfitters shutters longtime store near Union Square
Urban Outfitters shutters longtime store near Union Square
Retailers rush to open in the Hamptons
Retailers rush to open in the Hamptons
Retailers rush to open in the Hamptons
President & CEO of Northwood Investors with 520 and 524 Broadway. (Getty, Google Maps)
Northwood buys two Soho buildings for $325M
Northwood buys two Soho buildings for $325M
Many people are excited for shoppers to return, but many have switched to e-commerce. (Getty)
Is e-commerce king? Retailers reflect on pandemic changes during earnings calls
Is e-commerce king? Retailers reflect on pandemic changes during earnings calls
Joseph Chetrit with 427 and 459 (left) Broadway (Getty, Beyond My Ken/Wikimedia)
Chetrit Group falls behind on Soho portfolio mortgage
Chetrit Group falls behind on Soho portfolio mortgage
arrow_forward_ios

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

Loading...