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

Massey Knakal Secures Two Retail Leases On Flushing Avenue In Bushwick

10/10/2012

Massey Knakal Retail Leasing Services has secured two retail leases totaling 50 feet of frontage at 985 and 987 Flushing Avenue, between Central Avenue and Bogart Street, in Brooklyn’s Bushwick neighborhood.

The two ground floor spaces total approximately 2,500 square feet with full basements.  Neighboring retailers include bars, restaurants, and cafes. Additionally, a five-story hotel is being developed around the corner.  The building is ideally located just steps from the Morgan Avenue L train stop.  985 Flushing Avenue will be occupied by a bar, while 987 Flushing Avenue will be occupied by a book store

“Our aggressive marketing activity led to several well-qualified offers,” said Massey Knakal Director of Retail Leasing Andrew Clemens, who exclusively handled this transaction with Director of Sales Stephen R. Preuss. “Bushwick retail properties are seeing a lot of activity from bar and restaurant operators looking to get into this dynamic neighborhood. This section of the Flushing Avenue corridor has seen a significant up-tick in retail activity over the past six months with creative establishments centered around the Morgan Avenue and Jefferson Avenue subway stops,” added Clemens.

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

10/10/2012 - 10:04

Source

Cushman & Wakefield Capital Markets Group New York

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