Flourishing NYC Retail Group Arranges Six New Leases and Renewals at Properties Throughout Manhattan and Brooklyn; Tenants Include Three Restaurants, an Optical Facility and Two Walgreens Pharmacies

The New City office for Avison Young, the world’s fastest-growing commercial real estate services firm,announced that its retail team, led by Principal and Executive Managing Director Jedd Nero, has recently closed 11,480 square feet of new leases in locations throughout Manhattan and Brooklyn. The transactions include the following:

• A new 2,000-square-foot ground floor lease at 41 West 46th Street for Mala Project, a Sichuan Chinese restaurant.The lease was for 10years. Jedd Nero and Rob Nero from Avison Young represented the tenant, while the landlord represented themselves. The 41 West 46^th Street property is a six-story walk-up residential building located in Midtown Manhattan.

• A new 1,060-square-foot groundfloor lease at 200 Water Street, also for Mala Project.The lease was for 10 years.Jedd Nero and Rob Nero from Avison Young represented the tenant and the landlord was represented by Winick Realty Group.The 200 Water Street property is a 32-story residential building located in Downtown Manhattan.

• A 3,596-square-foot ground floor lease renewal at 211 East 43rd Street for Soba Totto, a Japanese restaurant. The lease was for 10 years.An Avison Young team of Jedd Nero, Jeremy Schwartz, Henry Fuentes, Anthony Lopresti, and John Ryanrepresented the landlord.The 211 East 43rd Street property is a 24-story office building located in the Midtown East neighborhood of Manhattan.

• A 600-square-foot ground floor leaserenewal at 93 Worth Street for Tribeca Eye and Health, an optical healthcare facility. The lease was for 10 years. Jeremy Schwartz and Jedd Nero from Avison Young represented the building’s landlord IGI-USA, and the tenant was represented by Corcoran. The 93 Worth Street property is a recently restored condominium building in Tribeca, offering 92 units comprisingstudio, one, two, three and four-bedroom residences, along with seven grand penthouses.

• An 1,874-square-foot lease at 1299 Nostrand Avenue in Brooklyn for a new Walgreens Community Pharmacy. The lease was for 10 years. Jeremy Schwartz and Jedd Nerofrom Avison Young represented the tenant and the building was represented in-house by Chris Tepper with Hudson Companies. The 1299 Nostrand Avenue property is an eight-story, 120-unitrental building in Brooklyn's Prospect Lefferts Gardens neighborhood.

• A 2,350-square-foot lease at 3954 Broadway in uptown Manhattan, also for a new Walgreens Community Pharmacy. The lease was for 10 years. Jeremy Schwartz and Jedd Nero from Avison Young represented the tenant and the building’s landlord Columbia University was represented by Melisa Schneider and Anil Chandra. The property is officially known as the Lasker Biomedical Research Building and its main address is 3960 Broadway.

“Our in-depth knowledge of the retail sector and ability to analyze current market conditions allows us to provide the strategic guidance needed for both owners and tenants throughout the entire deal process,” adds Nero. “We’re excited to announce these latest transactions and also expect to be making additional lease announcements in the weeks ahead. Despite the relatively quiet retail market, the AvisonYoung team has been riding a wave of strong leasing activity over the last several months, which once again demonstrates that our platform is tailor-made to serve the comprehensive needs for a variety of retail clients.”

Avison Young is the world’s fastest-growing commercial real estate services firm. Headquartered in Toronto, Canada, Avison Young is a collaborative, global firm owned and operated by its principals. Founded in 1978, the company comprises 2,400 real estate professionals in 80 offices, providing value-added, client-centric investment sales, leasing, advisory, management, financing and mortgage placement services to owners and occupiers of office, retail, industrial, multi-family and hospitality properties.