Tag: retail real estate

Specialty outdoor retailer REI Co-op will be opening a new store in Huntington Station next month. 

The company will open a 21,226-square-foot store in the Huntington Shopping Center at 350 Walt Whitman Road on Friday, Nov. 3. 

The new store is REI’s second on Long Island, following its existing store on Glen Cove Road in Carle Place, which opened in 2011. 

REI’s Huntington Station store will offer a large assortment of outdoor gear and apparel for camping, hiking, cycling, running, fitness, paddling and more. It will have a specialty bike shop staffed with certified mechanics who can tune or repair equipment, and a ski and snowboard shop that can mount bindings and tune gear. 

“Our team of 60 experts is ready to serve the Long Island outdoor community and partner with local groups to welcome everyone into natural places,” Graig Ciminelli, REI’s Huntington Station store manager, said in a company statement. “Regardless of skill or activity level, everyone deserves safe and equitable access to the outdoors. With our knowledge, expertise and stewardship, we look forward to fostering that access for this community.” 

To celebrate the three-day grand opening, morning customers can get free coffee and giveaways while supplies last, and camp mugs will be given to those who make a donation to Friends of the Bay. From 1 p.m. to 5 p.m. on Friday, Nov. 3 through Sunday, Nov. 5, the store will host an outdoor social with music, and exhibits by outdoor brands including Arc’teryx, Adidas, Altra, Black Diamond, Brooks, Cotopaxi, Gregory, Hydro Flask, Keen, Kuat, Nikwax, Mountain House, Nuun, Oboz, Osprey, Silca and Smartwool. Regional nonprofits, including Black Girls Do Bike and Concerned Long Island Mountain Bicyclists (CLIMB) will also be exhibiting. 

REI bills itself as the country’s largest consumer co-op with more than 23 million members. Headquartered in Kent, Wash., REI has 185 locations in 42 states and the District of Columbia. The company reported revenue of $3.85 billion in 2022. 

Jordan Cohn of RIPCO Real Estate represented REI, while Joe Byrnes served as in-house represented for landlord Federal Realty in the Huntington Station lease transaction. 

Two adjacent retail properties in East Hampton have sold for $6.3 million. 

Rose Cheng, a Long Island-based commercial real estate investor, purchased the 1,645-square-foot retail condo at 46 Main St. for $3.3 million along with the 1,341-square-foot retail condo at 48 Main St. for $3 million. 

Both properties are occupied by tenants, with a Town and Country Real Estate brokerage office at 46 Main St. and eyeglasses retailer Warby Parker at 48 Main St. 

The sale price equates to a 5.7 percent cap rate. 

Jordan Sutton, Dan Abbondandolo and Victor Little of Cushman & Wakefield procured the buyer and represented the sellers, Elie and Jeremey Tahari of Tahari Capital, in the sales transaction. 

Earlier this year, the Taharis were assisted by the C&W team in selling the two-story, 5,000-square-foot building at 1 Main St. to LVMH, the Paris-based luxury-brand conglomerate, for $22 million.  

Seller Jeremey Tahari said he is continuing to aggressively pursue multifamily opportunities in this market. “Please reach out to me directly with any new opportunities,” he said. 

Regional furniture chain Raymour & Flanigan is the newest tenant in the sprawling 55-acre Commack South Shopping Center. 

Raymour & Flanigan will be opening a 27,500-square-foot furniture and mattress outlet store in a renovated three-tenant building at the retail complex. The new store, which is expected to open in late November, replaces Joann Fabric & Crafts and office space occupied by the shopping center’s landlord Cosentino Companies. 

The new furniture store joins existing tenants Guitar Center and Five Below in the 54,000-square-foot building that is being upgraded with a new façade. 

Just last month, a new Costco Gas Station opened on 2 acres of the Commack South center property. The ground-leased space was formerly occupied by a 7,200-square-foot building that had housed the Ara Greek Kitchen & Bar. 

“We’re glad to add Raymour & Flanigan and Costco Gas as the newest tenants at our vibrant shopping center,” said Peter Cosentino, managing partner of Cosentino Companies. “These additions offer new and exciting experiences and value for our loyal shoppers.” 

Jeremy Isaacs of RIPCO Real Estate represented Raymour & Flanigan, as well as the landlord, in the furniture store lease transaction. Steve Gillman of The Shopping Center Group represented Costco Wholesale, while landlord Cosentino Companies was self-represented in the gas station ground lease transaction. 

A company that offers pickleball and rage therapy is the newest tenant at the Samanea New York mall in Westbury. 

Pickleball Smash-It and Smash-It Therapy leased three tenant spaces totaling around 17,200 square feet at the Westbury retail complex. Pickleball Smash-It, which occupies 11,175 square feet, opens Friday, Oct. 7 and offers indoor pickleball court time for $50 an hour. 

Smash-It Therapy, which will occupy 6,115 square feet and is slated to open in a few weeks, is billed as a recreational rage room venue where customers can destroy a variety of items with sledgehammers and bats. 

“Pickleball has become a national sensation over the past few years,” Christopher Michael, owner of Smash-It Therapy and Pickleball Smash-It, said in a written statement. “We saw a unique opportunity to bring pickleball to Nassau County in a way that allows people to reserve a single, private court for a more intimate and enjoyable social experience.” 

Pickleball Smash-It offers two pickleball courts located on the second floor of the Westbury mall. 

“Samanea is the perfect location for us as it’s centrally located in Nassau County,” Michael added. “We’re also very excited to become the first pickleball destination to reside in a Long Island mall setting and we are thrilled to join Samanea’s impressive roster of new entertainment destinations.”  

Smash-It Therapy will offer four themed smash areas and one paint splatter area, each designed to offer consumers an outlet to unleash stress in a safe and stimulating environment. The smash areas can also be customizable by request. 

“While customers will get to choose from a variety of objects to smash, including glassware, electronics, musical instruments and more, some of our areas will also be designed with gentler objects to accommodate every type of customer,” Michael said. 

Samanea New York has been adding several entertainment and restaurant tenants over the past couple of years. The pickleball and rage therapy concepts join a growing tenant roster at the mall that includes X-Golf, Beyond Van Gogh, Dave & Busters, 99 Ranch Market, The Cheesecake Factory, Bloomingdale’s Furniture and Rug Outlet, K-Pot & BBQ, Snapology and XP League, Let’s Craft, Nan Xiang Xiao Long Bao and Ichiddo Ramen. 

“Smash therapy rooms and of course, pickleball, are both sought-after recreational pastimes. We couldn’t be more excited to welcome the Smash-It brand to the property,” Dominic Coluccio, the mall’s director of real estate, said in the statement. “Samanea New York will be the first Long Island enclosed mall to open pickleball courts, which perfectly aligns with our mission to continue to redevelop this iconic property into a unique and premier lifestyle destination.” 

Smash-It Therapy rooms and Pickleball Smash-It courts can be booked in advance on the company’s website at smashittherapy.com, and customers without reservations are also welcome. 

Matthew Kucker, Jordan Baruch and Herb Agin of Colliers, along with Coluccio, brokered the lease transaction with the mall’s newest tenant. 

A retail property formerly occupied by a 7-Eleven has sold for $1.2 million. 

Bohemia Property Plus LLC, an affiliate of prepared-meals company Hummus Fit, purchased the 2,025-square-foot retail building on .36 acres at 2820 Middle Country Road in Lake Grove. 

Founded in 2019 by fitness expert Tony Mavruk and his nutritionist wife and business partner Liana Mavruk, Hummus Fit features a menu that includes hummus bowls, wraps, salads, soups, and more. Besides delivering prepared meals to its customers, the company has locations in Ronkonkoma, Holbrook, Deer Park, Woodbury, Selden, Lynbrook, and Lindenhurst. 

Nicholas DiVisconte and Zachary Scher of Signature Premier Properties represented the buyer, while Jon Winzelberg, Dan Glazer and James Valenti of RIPCO Real Estate represented the seller, 1234 Rite Aid Dunn LLC, in the Lake Grove sales transaction. 

A retail property in Lake Grove has sold for $925,000. 

Redefine Meals, the fast-growing prepared food company, purchased the 3,000-square-foot building on .46 acres at 781 Hawkins Ave. 

The property was formerly occupied by Mayra’s Bakery. 

Redefine is relocating to the new building from its current Lake Grove location at 1015 Hawkins Ave. and plans to open the new store towards the end of the year. 

This summer, Redefine opened a store in Huntington, which was the 8th dedicated retail location for the company. Its other locations are in Babylon, Bellmore, Commack, Lake Grove, Patchogue, Port Jefferson, and Syosset. Redefine also has three retail shops within Unique Fitness locations in Farmingville, Holbrook and Shirley. 

Brandon Lichtenstein, Tommy Rosati and Jason Maietta of Colliers represented the buyer, as well as the seller, West Meadow Associates LLC, in the Lake Grove sales transaction. 

Tiger Sugar, a Taiwanese bubble tea brand, is opening its first Long Island location. 

The company is opening a 1,950-square-foot store in the Parkway Plaza shopping center located at 207-225 Glen Cove Road in Carle Place on Saturday, August 26. 

Tiger Sugar is currently running promotions with Hello Kitty. The first 50 customers that purchase its special Hello Kitty Crush can get a second one free. The first 10 orders will come with a free Hello Kitty-Tiger Sugar gift. 

Founded by Ming Tsung Yang in Taichung, Taiwan in 2017, the fast-growing chain has more than 55 locations throughout the U.S. Tiger Sugar stores can also be found internationally in China, Singapore, Korea, Malaysia, Thailand, Philippines, and Canada. 

Charlotte Cheung of The Ariel Group Realty represented Tiger Sugar, while Nick Andreadis served as in-house representative for the landlord, Brixmor Property Group, in the Carle Place lease transaction.

La Bottega Italian Gourmet will be opening a restaurant in Glen Cove. 

The chain leased a 2,500-square-foot freestanding building in the Orchard Plaza shopping center at 192 Glen St. 

The space was formerly occupied by iSouvlaki, which closed towards the end of last year. 

Founded in 2003 by Giuseppe and Marisa Ruta, the La Bottega chain has eight Long Island locations, including Garden City, Roslyn, Oceanside, Rockville Centre, Long Beach, Merrick, East Meadow and Syosset. 

La Bottega offers a menu of over 60 panini, 25 salads, and a weekly changing menu of Italian-inspired dishes, including “dinner in the box” for customers on the go. 

The La Bottega owners hope to open their new Glen Cove location this fall. 

Giuseppe Gregorio of NY Space Finders represented the tenant, as well as the landlord, Lady of Grace Realty, in the Glen Cove lease transaction. 

d

Sweetgreen, a fast-casual restaurant chain, will open a new restaurant in the Walt Whitman Shops in Huntington Station on Tuesday. 

This will be the chain’s third Long Island location, following others in Garden City and Woodbury. A fourth Long Island Sweetgreen will likely be opening in Manhasset early next year. 

The new 2,807-square-foot Sweetgreen restaurant at 160 Walt Whitman Road will accommodate 27 diners inside with banquette and bar-counter seating and 14 diners outside on the restaurant’s patio. 

For every meal sold on opening day, Sweetgreen, which offers a menu focused on salads and bowls, will donate a meal to Island Harvest to support Long Island families experiencing food insecurity. In addition, the first 100 customers will be receiving Hu Chocolate as a gift with purchase. There will also be a bouquet bar by Hometown Flower Co., as well as seasonal cupcakes inspired by Sweetgreen’s menu from Shae La Vie Bakery, which is owned by local high school student Shae Curtin, both of which are while supplies last. 

Publicly traded Sweetgreen was founded in 2007 when it opened its first restaurant in Washington D.C. and now has more than 160 locations. The company reported 2022 revenue of $470 million. 

Brian Schuster and Tom Rettaliata of RIPCO Real Estate represented Sweetgreen, while landlord Simon Properties was self-represented in the Huntington Station lease transaction. 

i

Fast-casual restaurant chain Just Salad has opened a new location in Oceanside. 

The 1,914-square-foot restaurant is located in the Sands Shopping Center at 3535B Long Beach Road. It is the New York City-based chain’s third Long Island restaurant, following Commack and Westbury which opened earlier this year. A fourth Just Salad on Long Island is slated to open before the end of the month in the Huntington Shopping Center in Huntington Station.  

The new Oceanside Just Salad has 12 outdoor seats with umbrellas, as well as indoor seating for up to 38 guests. 

Just Salad offers more than 15 chef-designed salads, wraps, warm bowls, avocado toast, soups and smoothies. The chain’s Reusable Bowl Program encourages customers to join the company’s effort to reduce waste by purchasing a bowl for $1 and then receive a free salad topping with every reuse. 

To celebrate its opening in Oceanside, Just Salad will offer $5 meals for Reusable Bowl customers who purchase meals in-store on Wednesday, August 16. The restaurant will also offer $5 meals for community workers who purchase meals in-store on Wednesday, August 23. 

Founded in 2006, Just Salad now has over 70 locations across New York, New Jersey, Connecticut, Florida, Illinois, Pennsylvania, North Carolina and Dubai. 

Eric Gillman and Adam Bass of CBRE represented Just Salad, while Michael Friedman of Inline Realty represented landlord G&L Building Corp., in the Oceanside lease transaction. 

d