News:
Brokerage
Posted: November 24, 2017
TRUE Commercial Real Estate opens 3,915 s/f Build-A-Bear store
New York, NY Build-A-Bear Workshop, Inc. celeBEARated the opening of it’s new flagship store on 34th St. on October 27th. Adam Zeiberg, partner at TRUE Commercial Real Estate represented Build-A-Bear, and Jason Pruger and Harrison Abramowitz of Newmark represented the landlord in the transaction.
Build-A-Bear was previously in the Empire State Building, but relocated to its new location adjacent to the Empire State Building in Sol Goldman Investments’ Building at 350 Fifth Ave. between East 33rd and East 34th Sts. The new store will consist of 2,545 s/f on the ground floor, and 1,370 s/f in the lower level.
“They did well at Empire State Building,” Zeiberg said. “They wanted to remain in this vibrant market, so they relocated very close to their former location.”
In addition to celebrating a new location in Manhattan, Build-A-Bear is also celebrating 20 years in business.
MORE FROM Brokerage
Kelleher and Pentore of Horvath & Tremblay sell a 15-unit multi-family property in Chelsea, MA for $3.55 million
Chelsea, MA Dennis Kelleher and John Pentore of Horvath & Tremblay have successfully completed the sale of a 15 units for $3.55 million. 827-835 Broadway, which is a value-add type asset, is situated in a high-density, urban-infill neighborhood.
Quick Hits
Columns and Thought Leadership
End of the year retail thoughts - by Carol Todreas
Now what? As the year comes to a close, the state of retail is always in the news. The answers vary greatly depending on who in the various related industries you ask, each offering a unique lens on the challenges and opportunities ahead.
The rise of AI in CRE - And what it means for every skilled profession - A broker & appraiser weighs in - by Bryan Plourde
This may seem self-serving, and I’ll be the first to admit it. But unlike some of the artificial intelligence tools now reshaping our industry, I am fully aware of my own bias. So, hear me out. The rise of AI in commercial real estate is not a distant threat or a speculative headline.
