Leasing concluded along 'power strip'.
Transactions that bring the building to 100% occupancy include: Frank's Papaya, 740 s/f of ground floor space; Jackson Hewitt Tax Preparation Service, 300 s/f of ground floor space; Y2K Electronics 425 s/f of ground floor space; Arthur's Jewelry and Gold Mart 350 s/f of ground floor space; Mo Mo's Chicken, 700 s/f of ground floor space; 125 Sandwich Shop 450 s/f of ground floor space; East Harlem Dental Plaza 3,300 s/f on the second floor. Robert Carbonara of Rico Real Estate Corporation was the sole leasing broker. He said, "Given the national retail chains in the trade area and its excellent transportation network, the corner of Lexington Avenue and 125th Street is the equivalent of a power strip center and one of the busiest commercial locations in Harlem."
"The Harlem trade area, and 125th Street in particular, have been the focus of retail chains and commercial businesses over the past few years. Notable retailers who have opened new stores include Disney, Starbucks, H & M, The Gap. Moreover, a new Marriott Courtyard Hotel is scheduled toopen within the next 24 months," added Mr. Chiarello.
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|Publication:||Real Estate Weekly|
|Date:||Mar 1, 2006|
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