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
    From left: Alvin Bragg and Eric Adams (Getty)
    City sues East Village landlords over illegal smoke shops
    City sues East Village landlords over illegal smoke shops
    From left: 418 State and 191 Lefferts Place (Getty, Google Maps)
    Brooklyn luxury market ends January with a whimper
    Brooklyn luxury market ends January with a whimper
    Bed Bath & Beyond CEO Sue Gove with  460 Third Avenue and 1932 Broadway in Manhattan (Google Maps, Getty, Bed Bath & Beyond)
    Say goodnight to these Bed Bath & Beyond stores
    Say goodnight to these Bed Bath & Beyond stores
    Triple Five Group CEO Don Ghermezian and American Dream Mall in East Rutherford (Getty, World Retail Forum)
    Same old story: American Dream mall misses another payment
    Same old story: American Dream mall misses another payment
    Cannabis shop, marijuana growing facilities
    Cannabis entrepreneurs pay premiums for real estate
    Cannabis entrepreneurs pay premiums for real estate
    Amazon's Andy Jassy with Amazon Fresh store front (Illustration by The Real Deal with Getty, Google maps)
    Amazon scraps plans for big-box store
    Amazon scraps plans for big-box store
    370 Livingston Street (Google Maps, Getty)
    Developer plans 105 units in Downtown Brooklyn
    Developer plans 105 units in Downtown Brooklyn
    Kohler Interiors' Rachel Kohler with  21-05 51st Avenue (Loopnet, Getty)
    Tile retailer Ann Sacks inks 21K sf lease in Long Island City
    Tile retailer Ann Sacks inks 21K sf lease in Long Island City
    arrow_forward_ios

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

    Loading...