RKF Secures 38,000 Square Feet for Circuit City in Brooklyn
09/16/2005
09/16/2005
Computer, electronics retailer leases space at 502-10 86th Street
NEW YORK, NY — Robert K. Futterman & Associates, LLC (RKF), the nation’s leading independent real estate firm specializing in retail leasing and investment sales, has completed a lease for Circuit City Stores, Inc. at 502-10 86th Street in Brooklyn, NY. The computer and electronics retailer signed for 38,000 square feet in the 40,000-square-foot building.
RKF Executive Vice Presidents David Rosenberg and Barry Fishbach arranged the transaction. Mr. Rosenberg represented Circuit City, while Mr. Fishbach negotiated on behalf of the landlord, Century Realty. The new Circuit City location is expected to open spring 2006 at the corner of 86th Street and Fifth Avenue in the Bay Ridge section of Brooklyn.
“This is a prime location in one of the busiest shopping districts in Brooklyn,” said Rosenberg. “We have long sought to secure a site in this market, which rounds out Circuit City’s strategy for Brooklyn, and we couldn’t have found a more visible, high-traffic opportunity.”
Eighty-sixth Street is also among the strongest shopping streets in all of New York City. The new Circuit City store will be in close proximity to a Century 21 Department Store, across the street from a municipal parking garage, and accessible by subway. Other neighboring retailers on the street include Gap, Children’s Place, Zales Jewelers, Dress Barn, Modell’s, Payless Shoes, Footlocker, Cingular Wireless and Lane Bryant. Citibank is also scheduled to open in the building in which Circuit City will be moving.
The country's leading independent real estate firm specializing in retail leasing and investment sales, New York-based Robert K. Futterman & Associates (RKF) serves a broad spectrum of domestic and global clients in services ranging from national tenant and owner representation to advisory, consulting and disposition. With over $1.75 billion in aggregate real estate transactions to its credit, RKF has been responsible for identifying scores of real estate opportunities in New York City, its suburbs and throughout the United States for leading American and international chains, retailers, developers and institutional clients.
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NEW YORK, NY — Robert K. Futterman & Associates, LLC (RKF), the nation’s leading independent real estate firm specializing in retail leasing and investment sales, has completed a lease for Circuit City Stores, Inc. at 502-10 86th Street in Brooklyn, NY. The computer and electronics retailer signed for 38,000 square feet in the 40,000-square-foot building.
RKF Executive Vice Presidents David Rosenberg and Barry Fishbach arranged the transaction. Mr. Rosenberg represented Circuit City, while Mr. Fishbach negotiated on behalf of the landlord, Century Realty. The new Circuit City location is expected to open spring 2006 at the corner of 86th Street and Fifth Avenue in the Bay Ridge section of Brooklyn.
“This is a prime location in one of the busiest shopping districts in Brooklyn,” said Rosenberg. “We have long sought to secure a site in this market, which rounds out Circuit City’s strategy for Brooklyn, and we couldn’t have found a more visible, high-traffic opportunity.”
Eighty-sixth Street is also among the strongest shopping streets in all of New York City. The new Circuit City store will be in close proximity to a Century 21 Department Store, across the street from a municipal parking garage, and accessible by subway. Other neighboring retailers on the street include Gap, Children’s Place, Zales Jewelers, Dress Barn, Modell’s, Payless Shoes, Footlocker, Cingular Wireless and Lane Bryant. Citibank is also scheduled to open in the building in which Circuit City will be moving.
The country's leading independent real estate firm specializing in retail leasing and investment sales, New York-based Robert K. Futterman & Associates (RKF) serves a broad spectrum of domestic and global clients in services ranging from national tenant and owner representation to advisory, consulting and disposition. With over $1.75 billion in aggregate real estate transactions to its credit, RKF has been responsible for identifying scores of real estate opportunities in New York City, its suburbs and throughout the United States for leading American and international chains, retailers, developers and institutional clients.
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