One of many Higher East Aspect’s many vacant former pharmacy areas has been scooped up.
Brooklyn-based Dumbo Market claimed the massive nook that CVS left behind in 2023 at 1223 Second Ave. and East sixty fourth Avenue.
The upscale meals market signed the 12,000 square-foot lease with Regency Facilities, which owns the retail condominium.
Jason Gerbsman, principal of HUDSON Actual Property, represented the tenant. The owner was repped by JLL’s Patrick A. Smith and Jesse Wolff.
Gerbsman mentioned, “I’m appreciative of the opportunity to work with Dumbo Market on their expansion. With the potential overflow of pending drug store vacancies on the horizon, we will continue to scout new locations” for Dumbo Market.
The retailer has Brooklyn areas in Dumbo and Boerum Hill and not too long ago signed a lease at mixed-use complicated Jasper in Hunters Level, Queens.
Brooklinen, a Brooklyn-based home-goods model recognized for premium sheets and towels, is leaving the borough for Hudson Sq..
The corporate is shifting its headquarters from 10 Jay St. in DUMBO for 225 Varick St., a 360,000 square-foot constructing owned by a three way partnership of Trinity Church NYC, Norges Financial institution Funding Administration and Hines. The 32,000 square-foot lease is for 10 years.
“Brooklinen’s strategic move highlights the Hudson Square neighborhood’s growing attraction for innovative, high-growth companies,” mentioned Hines senior managing director Jason Alderman.
“We’re seeing an emerging trend in the relocation of corporate headquarters to Hudson Square.”
The 12-story 225 Varick St., in-built 1926, now boasts a modernized foyer by A + I Structure. It’s 82% leased. The JV’s Hudson Sq. portfolio consists of 13 buildings with six million sq. ft.
Properly, that didn’t take lengthy.
Simply weeks after Macy’s Inc. offered its famed Fulton Avenue Brooklyn retailer to an investor group led by Albert Laboz — and mentioned it hadn’t determined whether or not to shut it — the retail large introduced it’s going to shut the placement this 12 months, together with a smaller retailer in Sheepshead Bay.
