The Real Deal New York

NYC’s 10 biggest retail leases of October

By Ashley McHugh-Chiappone | November 03, 2017 09:30AM

Clockwise from left: 220 36th Street, 135-15 39th Avenue and 375 West Broadway

The city’s 10 biggest retail lease deals signed in October totaled 160,840 square feet, up 3,448 square feet from September’s total of 157,392 square feet. The largest retail lease in October was inked Queens.

1) CJ CGV, 37-09 College Point Boulevard, Flushing – 34,000 square feet
The South Korean cinema chain inked a long-term lease for 34,000 square feet of retail space at 37-09 College Point Boulevard to anchor the building. This location will boast a 7-auditorium, 4D-movie multiplex at the mixed-used development, Tangram. The asking rent was $65 per square foot. Geoffrey Bailey of SCG Retail represented the tenant, as well as the landlords, SCG America and F&T Group.

2) Bolla Oil, 1022 Rockaway Avenue, Canarsie – 20,000 square feet

The gas and service station renewed its lease for 20 years for 20,000 square feet at 1022 Rockaway Avenue. Adir Cohen of Renaissance Realty Group represented the tenant, as well as the landlord in-house.

3) Japan Village, 220 36th Street, Sunset Park – 20,000 square feet

The Japanese-themed food market inked a lease at Building 4 at Industry City for 20,000 square feet of retail space at 220 36th Street. Jamestown Property and Cammeby’s International are the lead developers of the 16-building, 35-acre complex.

4) Old Navy, 147 East 86th Street, Upper East Side – 18,500 square feet

The affordable clothing chain signed a 15-year lease for 18,500 square feet of retail space at 147 East 86th Street. Old Navy will occupy space on the ground and 2nd floor of the 18-story tower. Ariel Schuster and Justin Fantasoa of RKF represented the tenant. Andrew Mandell of Ripco Real Estate represented the landlords, Ceruzzi Properties and Kuafu Properties.

5) NAPA Auto Parts, 1973 38th Street, Astoria – 14,100 square feet

The auto parts store inked a lease for 14,100 square feet of retail space in the mixed-use building at 1973 38th Street. Donny Moskovic of Katz & Associates represented the tenant. Joe Italiaander and Mark Tergesen of AB Partners Real Estate represented the landlord, 19-80 Steinway LLC.

6) Dollar Tree, 2030 Creston Avenue, Tremont – 11,540 square feet

The discount store inked a lease for 11,540 square feet of retail space at 2030 Creston Avenue. Miles Mahony of Ripco Real Estate represented the tenant. Kathy Zamechansky of KZA Realty Group represented the landlord, Schur Management.

7) Gucci, 375 West Broadway, Soho – 10,700 square feet

The luxury Italian brand signed a lease for 10,700 square feet of retail space on the ground floor of the five-story building at 375 West Broadway. The asking rent was $400 per square foot on the ground floor. Anthropologie was the former tenant in this space. Robin Zendell represented the tenant. Beth Rosen, Jackie Totolo and Robert Cohen of RKF represented the landlord, Pearlmark Real Estate Partners.

8) Dollar Tree, 225 East 138th Street, Mott Haven – 10,000 square feet

The discount store inked a lease for 10,000 square feet of retail space at 225 East 138th Street. Miles Mahony, Richard Senior and Esther Bukai of Ripco Real Estate represented the tenant. Mark Tergesen of ABS Partners Real Estate represented the landlord, Urban Builders Collaborative.

8) Dollar Tree, 600 East 138th Street, Mott Haven – 10,000 square feet

The dollar store signed a lease for 10,000 square feet of retail space at 600 East 138th Street. Miles Mahony and Chris Walther of Ripco Real Estate represented the tenant, as well as the landlord, 774 Broadway, Inc.

10) Deli 48, 74 Fifth Avenue, Greenwich Village – 9,100 square feet

The eatery inked a lease for 9,100 square feet of retail space at 74 Fifth Avenue. The asking rent was $333 per square foot. Ethan Park and Elad Dror of PD Properties represented the tenant. David Richer of Oxford Property Group represented the landlord, 74 Fifth Avenue Lease, LLC.

Correction: The lease at CJ GVC was previously reported at the address 135-15 39th Avenue.