RKF has food for thought in Brooklyn.
Barry Fishbach, executive vice president, with RKF, represented the net lessor RDC Commercial Center, a subsidiary of Bedford-Stuyvesant Restoration Corp., in the transaction. PSK Supermarkets Inc. was represented in-house.
RKF is the exclusive leasing agent for the 115,000-s/f retail portion of Restoration Plaza, a 300,000-s/f center for retail, commercial, education, arts, and culture in Brooklyn. There is currently more than 40,000 s/f of retail space remaining for lease at Restoration Plaza. Foodtown will replace the current tenant, Pathmark.
PSK Supermarkets Inc. will conduct a complete renovation of its new space. The new Foodtown store is expected to open September 2004.
"This Foodtown will provide an enormous benefit to the neighborhood and stand as a newly invigorated anchor to Restoration Plaza," said Fishbach. "The new supermarket is only the beginning of Restoration Plaza's revitalization."
"Management is committed to expanding Restoration Plaza's appeal as a family destination for art, culture, entertainment and education as well as essential services," said BSRC president Colvin W. Grannum. "This lease and several others that will be announced soon, including a new pharmacy and a national family-style restaurant, will advance our goal."
|Printer friendly Cite/link Email Feedback|
|Publication:||Real Estate Weekly|
|Article Type:||Brief Article|
|Date:||Aug 4, 2004|
|Previous Article:||Trinity prepared for lease renewal.|
|Next Article:||PBS makes mark on Broadway.|