One of the Upper East Side’s many vacant former pharmacy locations has been scooped up.
Brooklyn-based Dumbo Market claimed the big corner that CVS left behind in 2023 at 1223 Second Ave. and East 64th Street.
The upscale food market signed the 12,000 square-foot lease with Regency Centers, which owns the retail condominium.
Jason Gerbsman, principal of HUDSON Real Estate, represented the tenant. The landlord was repped by JLL’s Patrick A. Smith and Jesse Wolff.
Gerbsman said, “I’m appreciative of the opportunity to work with Dumbo Market on their expansion. With the potential overflow of pending drug store vacancies on the horizon, we will continue to scout new locations” for Dumbo Market.
The retailer has Brooklyn locations in Dumbo and Boerum Hill and recently signed a lease at mixed-use complex Jasper in Hunters Point, Queens.
Brooklinen, a Brooklyn-based home-goods brand known for premium sheets and towels, is leaving the borough for Hudson Square.
The company is moving its headquarters from 10 Jay St. in DUMBO for 225 Varick St., a 360,000 square-foot building owned by a joint venture of Trinity Church NYC, Norges Bank Investment Management and Hines. The 32,000 square-foot lease is for 10 years.
“Brooklinen’s strategic move highlights the Hudson Square neighborhood’s growing attraction for innovative, high-growth companies,” said Hines senior managing director Jason Alderman.
“We’re seeing an emerging trend in the relocation of corporate headquarters to Hudson Square.”
The 12-story 225 Varick St., built in 1926, now boasts a modernized lobby by A + I Architecture. It’s 82% leased. The JV’s Hudson Square portfolio consists of 13 buildings with six million square feet.
Well, that didn’t take long.
Just weeks after Macy’s Inc. sold its famed Fulton Street Brooklyn store to an investor group led by Albert Laboz — and said it hadn’t decided whether to close it — the retail giant announced it will close the location this year, along with a smaller store in Sheepshead Bay.
[Notigroup Newsroom in collaboration with other media outlets, with information from the following sources]
