Goodbye, Toys “R” Us, hello massive food emporium.
Food Bazaar Supermarket is opening an 80,000-square-foot location in Bronx Terminal Market, Commercial Observer reported. It’s slated to open in spring 2019 at the spot previously occupied by Toys “R” Us and Babies “R” Us, which closed following bankruptcy.
Ripco’s Brian Schuster and Peter Ripka represented Related Companies in the deal. The brokers said the lease is “long term” but declined to specify the length or asking rent.
“Bronx Terminal Market has a diverse and powerful group of retailers, so with this space, we wanted to target someone who would be additive to the existing mix,” Schuster said.
Bronx Terminal Market spans 1 million square feet at 610 Exterior Street, south of Yankee Stadium. It was developed by Related in 2009. Existing tenants include Marshalls, Target, Home Depot, Best Buy and Chuck E. Cheese’s.
Food Bazaar is family owned and has 16 locations in the Bronx, Brooklyn and Queens — as well as nine in New Jersey, Connecticut, Long Island and Westchester. [CO] — Meenal Vamburkar