Press Release brought to you by CPEX Real Estate

CPEX Completes Fourth Retail Lease on Court Street, Brooklyn in 2012

09/06/2012

 

Media Contacts:

Greg Roberts

Chief Operating Officer

Tel:  (718) 687-4222

groberts@cpexre.com

 

FOR IMMEDIATE RELEASE:

 

CPEX Completes Fourth Retail Lease on Court Street in 2012:

                                                                                                                                                             September 6th, 2012

New York– The New York Retail Leasing team is proud to announce the completion of a retail lease at 285 Court Street, Brooklyn, NY 11201. Located in Cobble Hill, the property features 1,500 square feet of ground floor commercial space in a three-story mixed-use building, with approximately 1,000 additional square feet of basement space.

CPEX’s Retail Leasing team, consisting of Managing Director Ryan Condren and Associate Kristina Triglia, represented the landlord in negotiating the ten-year lease agreement with the new tenant, Bergen Bagels. Previously occupied by Benjamin Moore, the space will be Bergen Bagels’ fourth location in Brooklyn. The asking price was $80 per square foot.

“Demand for retail space on Court Street has never been stronger,” said Mr. Condren. “In less than two weeks of marketing this property, we received multiple offers near the asking price. The landlord chose a tenant that they feel is a great operator and will offer something that the neighborhood will be able to benefit from for many years to come.”

For further information, please contact CPEX, info@cpexre.com, or (718) 935-1800.

 

About CPEX:

CPEX was founded in September 2008 by Timothy D. King and Brian T. Leary, two prominent leaders in the New York City commercial real estate industry. The founders have provided a broad range of real estate and business services locally, nationally and internationally throughout their career.

CPEX provides a full range of services for both real estate and business owners through our innovative operating platform and entrepreneurial culture. CPEX implements a team-based approach in which each group is focused on a specific business line, product type and definitive specialization in each market we cover. Our services include sales, leasing, acquisitions, and advisory.

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09/06/2012 - 10:28

Source

CPEX Real Estate

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