Press Release brought to you by Cushman & Wakefield Capital Markets Group New York

Massey Knakal Retail Leasing Services Secures Lease In Crown Heights

01/10/2013

Massey Knakal Retail Leasing Services has secured a retail lease for 776 Nostrand Avenue. The space is located between St. John’s and Sterling Places in the Crown Heights neighborhood of Brooklyn.

The space contains approximately 1,700 square feet of ground floor and 1,050 square feet of basement space.  It benefits from 19 feet of frontage and 12 feet ceilings.  Features include separated utility meters, electric roll down gates, a modern storefront, and no structural columns.  There is a partitioned office and restroom in the back of the store.  The basement is accessible via a sidewalk hatch or from within the ground floor retail space.  The space will be occupied by a furniture retailer.

This location benefits from a large amount of foot and automobile traffic along one of Crown Heights’ busiest retail corridors.  The Nostrand Avenue subway station is located just two blocks away.  The area is home to a nice mix of many local and national retailers.

“Nostrand Avenue in Crown Heights is the next corridor which is going to benefit from the re-gentrification that is moving eastward from Prospect Heights,” said Massey Knakal Director of Retail Leasing Andrew Clemens, who exclusively handled this transaction.  “Through our extensive marketing efforts, we were able to secure a lease with Furniture House who was been priced of its existing location near the Barclays Center after 30 years of operation there,” he added.

Massey Knakal Retail Leasing Services (MKRLS) is a focused retail leasing division whose goal is to ensure that every client obtains creditable tenants at the highest overall rental income. To accomplish this objective, the MKRLS team quickly and efficiently implements well-orchestrated marketing and leasing campaigns geared toward targeted groups of retail candidates.

www.masseyknakal.com

01/09/2013 - 18:25

Source

Cushman & Wakefield Capital Markets Group New York

Want more news about Cushman & Wakefield Capital Markets Group New York? Click here