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What’s the Deal
- March 1, 2016
- Deals, Our Company, Our People, Retail Real Estate
A roundup of real-estate news in the Greater New York region (excerpt)
Supermarket Leases Space in Greenpoint
A gourmet supermarket is coming to the north end of Brooklyn’s Greenpoint neighborhood, where thousands of rental apartments are planned over the next decade.
POM Group signed a lease for 11,000 square feet on the ground floor of Eleven33, a rental apartment building at 1133 Manhattan Ave. that opened last year. The lease for the supermarket, which will be called Gourmet Affair, is for 20 years with a 10-year renewal option, according to the supermarket operator.
The 210-unit building is owned by the Domain Cos., which was represented in the deal by Geoff Bailey, a broker with SCG Retail.
“For the POM Group, this is an opportunity for them to stake their claim in a burgeoning market where they can service a growing community,” Mr. Bailey said.
Jeff Winick, chief executive of Winick Realty Group LLC, represented POM Group.
Original article appeared here.