search

The Real Deal Logo

Trending

How low? LNR buys San Francisco office building for 11% of 2018 priceHow low? LNR buys San Francisco office building for 11% of 2018 priceGlossier founder is buyer of $22M Brooklyn townhouseGlossier founder is buyer of $22M Brooklyn townhouseLawmakers reach sweeping housing deal with “good cause eviction,” new 421aLawmakers reach sweeping housing deal with “good cause eviction,” new 421aDevelopers have a new tax break. Now they must figure it outDevelopers have a new tax break. Now they must figure it out
Commercial
New York

Bob’s Discount Furniture to open on Staten Island

New concept store will be retailer’s first in the borough

2385 Richmond Avenue in Staten Island (Google Maps)
2385 Richmond Avenue in Staten Island (Google Maps)

Bob’s Discount Furniture is coming to Staten Island.

A 10,000-square-foot store at 2385 Richmond Avenue will be the retailer’s first “innovative experience center,” which will allow customers to digitally explore furniture styles.

It will be the 140th Bob’s Discount Furniture store in the U.S., 16th in New York state and first on Staten Island. The retailer signed a 10-year lease at the location. Terms were not disclosed.

Bob's Furniture store concept (Photo via Bob's Furniture)

Bob’s Furniture store concept (Photo via Bob’s Furniture)

Peter Ripka of RIPCO Real Estate represented Bob’s in the transaction.

Sign Up for the undefined Newsletter

Manhattan-based JEMB Realty was founded in 1990 by Morris Bailey and Joseph Jerome. It is an affiliate of Montreal-based firm BUSAC Real Estate and Helm Equities, which owns the Richmond Avenue property.

The new store will neighbor a Trader Joe’s. The site was formerly occupied by Pier One Imports, which announced plans to liquidate its business in May.

Read more

Home goods stores have generally been successful during the pandemic, as people stuck at home re-envision their living spaces.

A Datex Property Solutions report found home goods stores paid 97 percent of their January rent and home improvement stores paid 99 percent, while movie theaters paid just 22 percent of what they owed.

Tags
RetailRetail Real EstateStaten Island