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
    Brad Lander is now working to organize a meeting of all tenants to protest Greenbrook. (Getty)
    Park Slope tenants fight landlord’s order to vacate
    Park Slope tenants fight landlord’s order to vacate
    Quay Tower at 50 Park Drive and Ryan Serhant (ODA, Getty)
    Ryan Serhant’s brokerage takes over sales at Brooklyn Bridge Park condo
    Ryan Serhant’s brokerage takes over sales at Brooklyn Bridge Park condo
    Maverick Real Estate Partners principal David Aviram and the buildings to be sold. (Rosewood Realty Group)
    Part of Chaskiel Strulovitch’s Brooklyn portfolio to be sold at auction
    Part of Chaskiel Strulovitch’s Brooklyn portfolio to be sold at auction
    168 Plymouth Street (Alloy)
    Brooklyn nets $125M in signed luxury contracts
    Brooklyn nets $125M in signed luxury contracts
    A rendering of One Boerum Place with Avery Hall Investments' Avi Fisher (top) and Brian Ezra (SLCE Architects, Avery Hall Investments)
    Shifting gears: Brooklyn condo tower to debut as rental
    Shifting gears: Brooklyn condo tower to debut as rental
    Manhattan Borough President Gale Brewer and Helen Rosenthal (Getty, iStock)
    New bill would mandate retail lease renewals in NYC
    New bill would mandate retail lease renewals in NYC
    Gov. Andrew Cuomo and Mayor Bill de Blasio (Getty)
    De Blasio and Cuomo clash over reopening the city
    De Blasio and Cuomo clash over reopening the city
    (Getty)
    Retail landlords still suing over skipped rent
    Retail landlords still suing over skipped rent
    arrow_forward_ios

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

    Loading...