Press Release brought to you by CPEX Real Estate

CPEX Negotiates Lease of Two Retail Spaces

06/27/2012

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

FOR IMMEDIATE RELEASE:

CPEX Negotiates Lease of Two Retail Spaces:

June 27th, 2012

Brooklyn, New York – The CPEX New York Retail Leasing Team is proud to announce the completion of two leases at 150 4th Avenue, Brooklyn, NY 11217, also known as the Arias, and 1 South Elliott Place, Brooklyn, NY 11217. At both locations, CPEX’s Retail Leasing team, consisting of Managing Directors Eric Altschul and Ryan Condren and Associate Kristina Triglia, represented the landlords in negotiating ten year leases.

At 150 4th Avenue in Park Slope, CPEX rented approximately 500 square feet of retail space to Finest Cleaner, a drop-off dry cleaner that will service the rapidly growing residential community along 4th Avenue near the Atlantic Terminal. This is the team’s third retail lease in the Arias.There is one additional space of approximately 1,900 square feet still available for lease at an asking price of $50 per square foot.

In Fort Greene, Mr. Altschul, Mr. Condren, and Ms. Triglia placed a bakery in the 1,200 square foot space on the corner of South Elliott Place and DeKalb Avenue, directly across from the Fort Greene Park and Brooklyn Tech High School.

“The demand for retail in both Park Slope and Fort Greene is extremely high. We received multiple offers from both local and regional tenants, which allowed the landlords to choose tenants that will service the community and believe these tenants will have great success in the years to come,” said Kristina Triglia.

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 for each market. Real estate services include: sales, leasing, acquisitions and advisory. Business services include: sales, acquisition, and advisory.

CPEX adds additional resources and support to its teams. Each business line is backed by its own dedicated operations team. The operations team carries out tasks such as scheduling, preparing materials and documentation, client reporting, coordinating public relations, advertising and marketing efforts, and working with CPEX administration. Teams are further supported by our centralized in-house research, technology and marketing & media groups. This quality of support allows our sales force and advisory team to remain singularly focused on executing assignments. The CPEX operating platform consisting of multiple people working together in a specialized system is proven to achieve maximum results for our clients.

06/27/2012 - 13:48

Source

CPEX Real Estate

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