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Goose Property lands Lidl as anchor tenant in East Williamsburg

Developer also secured $109M in financing from Apollo

<p>597 Grand Street in East Williamsburg (Getty, Google Maps)</p>

597 Grand Street in East Williamsburg (Getty, Google Maps)

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Key Points

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This summary is reviewed by TRD Staff.

  • Goose Property Management secured Lidl as the anchor tenant for its East Williamsburg rental development at 597 Grand Street, with Lidl leasing nearly 27,000 square feet.
  • Goose Property also obtained $108.5 million in permanent financing from Apollo Global Management for the mixed-use property, which includes 185 rental units.
  • Lidl has been expanding in New York City, with Schuckman Realty arranging numerous deals for the grocer, including several in Brooklyn.

Lidl has landed in Brooklyn — again.

Yitzchok Katz’s Goose Property Management secured the grocery chain as the anchor tenant at 597 Grand Street in East Williamsburg (alternatively addressed at 575 Grand Street), Schuckman Realty announced. Lidl will occupy nearly 27,000 square feet at the property.

The asking rent for the long-term lease was not disclosed. Schuckman’s Kenneth Schuckman and Jessica Vilmenay represented the tenant in the deal.

Goose acquired the former Key Foods Supermarket from Tapps Supermarkets for $42.5 million in 2022. The building’s past owners wanted to develop the property into a six-story rental building in 2015, but the project never came to fruition. Goose, however, had a similar idea — it recently grabbed $108.5 million in permanent financing from Apollo Global Management for the mixed-use property, which includes 185 rental units. 

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Lidl is a hot commodity in New York City. Schuckman has arranged 20 deals for the German grocer in the city, including six in Brooklyn alone. In fact, the supermarket chain was responsible for each of the two biggest retail leases in Brooklyn in 2022, a 33,000-square-foot lease in Crown Heights and a 25,000-square-foot lease in Park Slope, both brokered by Schuckman.

The company also has locations in the Bronx, as well as ones in Astoria, the Queens Place Mall and beyond.

A location in East New York opened two months ago, TimeOut reported

Elsewhere, Goose is looking to build 350 units in Boerum Hill, including a 99-unit residential building at 264 Bergen Street, according to Crain’s. The firm in November paid $22 million to Elo Group for a 110,000-square-foot development site in Gowanus.

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