Lee NYC Sees Retail Leasing Momentum in the Bronx
Lee & Associates NYC said it has completed 35,800 square feet of new retail leases across the Bronx. The transactions include 21,400 square feet at 4075-4077 Boston Rd., 9,500 square feet at 537 E. 138th St. and 4,900 square feet at 410 East 189th St.
Avis Budget Group signed a 21,400-square-foot, 20-year lease at 4075-4077 Boston Rd., which includes a 16,000-square-foot lot. LeeNYC’s Steve Lorenzo and Garry Steinberg represented Avis. Ariel Castellanos and Federico Mazzeo from Pinnacle Realty represented the landlord, 4077 Boston Road, LLC.
Mott Haven Discount signed a 9,500-square-foot, 15-year lease at 537 East 138th St. for its first location in the Bronx, following two in Queens. Lorenzo represented the owner of Mott Haven Discount, Yingle Caii. Ezra Saff of Retail Zone represented the landlord, Louis Reichardt Holdings, LLC.
IHOP signed a 4,900-square-foot, 20-year lease at 410 East 189th St in Fordham. Lorenzo and Jeff Lopez from Lee NYC represented both IHOP and the landlord, 410 E 189th, LLC.
“We have seen a significant increase in retail leasing velocity across the Bronx,” said Lorenzo, Principal at Lee & Associates NYC. “Our team has a deep history working in various submarkets throughout the borough and we are excited to witness its continued growth.”