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Tuesday May 07, 2013
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| Mile End Building Hits Market in Boerum Hill |
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 BY BILLY GRAY
A four-story, 5,975-square-foot mixed-use building that houses the popular Mile End Delicatessen at 348 Atlantic Avenue in Boerum Hill has hit the market with a price tag of $9.15 million, The Commercial Observer has learned.
Eastern Consolidated Senior Director Lipa Lieberman, Associate Director Michele Nicoletta and Director of financial services Gary Meese are marketing the property on behalf of the seller, identified as 348 Atlantic Avenue LLC. The property includes six free market rental units and three ground floor retail units with average rents of $3,000 a month, Mr. Lieberman said. The current retail occupants are Hoyt Street Market & Deli, a real estate brokerage and the wildly popular Mile End Delicatessen, which somewhat recently branched out to Manhattan.
To read the full story, click here
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| Sweet Green Eatery Crunches Down in Tribeca |
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BY AL BARBARINO
Washington, D.C.-based fast casual salad eatery Sweet Green is coming to Tribeca after signing a 10-year lease at 413 Greenwich Street, The Commercial Observer has learned.
The 1,100-square-foot space was the perfect opportunity for the rapidly expanding restaurant to break into the New York City market, while taking advantage of the residential and office population in the neighborhood.
“There’s no concept like them in the neighborhood and they will leverage the demand from the Citibank headquarters across the street,” said Newmark Grubb Knight Frank’s Ross Kaplan, who represented the landlord, a longtime owner of the single space building, with Jason Pruger. “We had a lot of offers in from restaurants and bars that would stay open late, but the owners wanted something that wasn’t invasive.”
To read the full story, click here
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| "Back to the Drawing Board" at 254 West 31st Street After Social Media Company Reconsiders |
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BY GUS DELAPORTE
Leasing agent Transwestern is “going back to the drawing board” at 254 West 31st Street after losing an unnamed potential social media tenant, The Commercial Observer has learned.
“The company is actually growing so fast that they think they already need more space before they have even signed the lease,” said a source familiar with the negotiations.
As of March, the building was fully occupied except for the sixth floor, which had already garnered three offers. Early last month, a source told The Commercial Observer that a social media company had been presented a lease agreement for the available space.
To read the full story, click here
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