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RKF and Spandrel Property Services Exclusive Retail Leasing Agents for One Brooklyn Bridge Park
10/11/2007


Downtown Brooklyn to be transformed by 70,000 square feet of retail

New York, NY — R.A.L. Companies & Affiliates announces that Robert K. Futterman & Associates (RKF), the nation's leading independent real estate firm specializing in retail leasing, investment sales and consulting services, along with Spandrel Property Services, Inc., a property management and brokerage affiliate of R.A.L. Companies, will jointly handle the retail leasing for its premier residential development, One Brooklyn Bridge Park.

When completed, the former 14-story Jehovah's Witness Distribution Center, will house 70,000 square feet of retail and restaurant space. With magnificent waterfront views of Lower Manhattan, the space offers unparalleled exposure for retailers and an exceptional opportunity to service the needs of Brooklyn Heights' growing affluent community.

RKF Executive Vice Presidents Barry Fishbach and David Rosenberg, and Spandrel President Ian Levine are first targeting upscale and gourmet food markets in an effort to fill a void in the area. The retail space at One Brooklyn Bridge Park is ideal for a prepared food operator, restaurateur, cafe and grocery, in addition to more traditional specialty retail.

"With all of the new residential developments rising in Brooklyn, in addition to the combination of hotels, office buildings and the new park, Brooklyn Heights has become a very sought after neighborhood by restaurateurs and retailers," said Rosenberg.

The site is adjacent to the soon-to-be constructed 85-acre Brooklyn Bridge Park, which will include playgrounds, playing fields, kayaking, fishing, and lushly landscaped gardens transforming this stretch of prime waterfront that until now has been inaccessible. This one-of-a-kind recreational area will connect thousands of daily visitors directly to One Brooklyn Bridge Park's retail component.

"In addition to servicing the park's visitors, retailers will be focused on meeting the needs of the residents of One Brooklyn Bridge Park and the community," said Levine.

"We are extremely excited to work with R.A.L. Companies and Spandrel on a project that will radically change the way Brooklyn residents and visitors live and shop," added Fishbach.

One Brooklyn Bridge Park is the largest residential conversion in Brooklyn's history, featuring 449 condominium units. Located at 360 Furman Street in Brooklyn's exclusive Brooklyn Heights section, it is easily accessible to Lower Manhattan by the planned water taxi near the property. The 2, 3, 4, 5, N, R, A and C subway lines and major Brooklyn bus routes are within walking distance, making the retail space convenient for both residents and visitors.

Neighboring destinations include Brooklyn's finest dining establishments, art galleries, private schools and upscale retail shops including Barnes & Noble, Grimaldi's Pizzeria, The River Café, Henry's End, Noodle Pudding, Jack the Horse Tavern, Design Within Reach, Ann Taylor Loft, Banana Republic, Brooklyn Law School, Pratt Institute and Long Island University.

About Spandrel Property Services, Inc:

Spandrel Property Services, Inc. is a boutique real estate property management, brokerage and consulting company. Formed in 2000 and based in New York City Spandrel has accumulated over two million total square feet of assets under management and leasing exclusives nationwide, including both corporate and third party owned properties. The firm works with new developers in monitoring the development process, leasing or selling available units, and managing and maintaining first class assets. It also takes over currently active and operating properties for Third parties. Spandrel is licensed and manages properties in New York, Pennsylvania and Colorado. www.spandrelproperty.com

About Robert K. Futterman & Associates:

The country’s leading independent real estate firm specializing in retail leasing and investment sales, 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 $7.4 billion in aggregate real estate transactions to its credit, RKF has been responsible for identifying scores of real estate opportunities throughout the United States for leading American and international chains, retailers, developers and institutional clients. RKF is headquartered in New York with offices in Las Vegas, Los Angeles and San Francisco.
 
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