Aldi signs lease for 20K-sf store in Flatbush

Grocery chain plans to open location in the fall

New York /
Apr.April 15, 2021 06:05 PM
Triangle Junction at 2201 Nostrand Ave (Google Maps, Getty)

Triangle Junction at 2201 Nostrand Ave (Google Maps, Getty)

Aldi has signed a lease to open a massive store in Flatbush.

The discount supermarket chain inked a lease for 20,110 square feet at 2201 Nostrand Avenue, at Triangle Junction. The store plans to open this fall.

The space was previously home to The Children’s Place and David’s Bridal.

Ripco Real Estate’s Esther Bukai represented Aldi in the transaction, while Peter Botsaris of Botsaris Morris Realty Group represented the landlord, Triangle Equities.

“Aldi is a perfect addition to the Flatbush neighborhood, providing quality grocery products to the area during a time when many are dining from home,” Bukai said in a statement.

The grocery store has been actively expanding. It currently has 2,000 locations across 37 states, but plans to reach 2,500 by 2022.

Grocery stores have fared well during the pandemic, which has forced many to eat more meals at home. A March 31 report by Datex Property Solutions found that supermarkets paid 97 percent of rent collections, a number that has remained relatively static throughout the last year.





    Related Articles

    arrow_forward_ios
    (Moinian Group, CVS)
    CVS signs lease for 512 7th Avenue store
    CVS signs lease for 512 7th Avenue store
    Gov. Andrew Cuomo (Getty, iStock)
    New York will adopt CDC’s mask guidance: Cuomo
    New York will adopt CDC’s mask guidance: Cuomo
    An aerial view of 134 Vanderbilt Avenue and renderings of the project (Google Maps, Tankhouse)
    Tankhouse plans mixed-use project at Clinton Hill gas station site
    Tankhouse plans mixed-use project at Clinton Hill gas station site
    U.S. President Joe Biden removes his mask before speaking about updated CDC mask guidance. (Getty)
    In CDC we trust: Mask guidance prompts changes
    In CDC we trust: Mask guidance prompts changes
    The parcel of land in Causeway Bay (Google Maps)
    Hong Kong sells Causeway Bay site for $2.5B
    Hong Kong sells Causeway Bay site for $2.5B
    City Council Majority Leader Laurie Cumbo and 840 Atlantic Avenue (Getty, Google Maps)
    Atlantic Avenue project gets haircut — and is rejected anyway
    Atlantic Avenue project gets haircut — and is rejected anyway
    Clockwise from top left: Scott Stringer, Maya Wiley, Raymond McGuire, Andrew Yang and Shaun Donovan (Getty)
    What do Brooklyn homes cost? Don’t ask these candidates
    What do Brooklyn homes cost? Don’t ask these candidates
    Nearly half of new shops in 2021 will be dollar stores. (Getty)
    2021 is raining dollar stores
    2021 is raining dollar stores
    arrow_forward_ios

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

    Loading...