Press Release brought to you by CPEX Real Estate

CPEX Hired To Market Three Trophy Retail Spaces for NNN Lease in Downtown Brooklyn

01/19/2013

Media Contacts:
Gregory Roberts
Chief Operating Officer
Tel: (718) 687-4222
groberts@cpexre.com

CPEX Hired To Market Three Trophy Retail Spaces for NNN Lease in Downtown Brooklyn:

January 17, 2013

New York – The CPEX New York Retail Leasing team has been hired exclusively to market three properties for NNN lease in the greater Downtown Brooklyn area. The properties are located at 151 Court Street, Brooklyn, NY 11201, 292 Court Street, Brooklyn, NY 11231, and 100 Clinton Street, Brooklyn, NY 11201, respectively. The CPEX Retail Leasing team, consisting of Managing Director Ryan Condren and Associates Kristina Triglia and George Danut, expects to see a lot of activity and interest. All three locations have the potential for flagship stores.

151 Court Street, located on the corner of Court Street and Pacific Street in Cobble, features over 7,000 square feet of commercial space spread across three floors, and has nine different subway lines within a five-block radius. Neighboring tenants include Trader Joe’s, Urban Outfitters, Red Mango, Starbucks, Cobble Hill Cinemas, and Lululemon Athletica.

292 Court Street is a two-story building situated between Degraw and Kane Streets with 15,700 square feet of commercial space, including 20 foot ceilings on the first floor, with an additional 6,000 square feet of rooftop space. At this size, 292 Court Street is a unique asset that offers a rare opportunity in the Cobble Hill and Boerum Hill real estate market for investors.

100 Clinton Street is another unique asset in the neighborhood of Brooklyn Heights. This free-standing, two-story building offers 12,450 square feet of space, including a full lower level. Perfect for multiple end-users, the space is highly visible from Montague Street and just down the block from St. Francis College.

“We are very excited about the opportunity to work on these three trophy properties,” said Mr. Condren. “The surrounding neighborhoods of Downtown Brooklyn are arguably the hottest markets in the country right now, and the demand from international, national, and local retailers in these markets has never been stronger. We are seeing interest from a wide variety of retailers, including a mix of high-end apparel retailers, furniture stores, restaurants, banks, and medical practices.”

For further information, please contact CPEX at groberts@cpexre.com, or at (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 definitiv

01/18/2013 - 17:12

Source

CPEX Real Estate

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