A retail space located at 421-427 East 14th Street in Stuy Town has been leased. The property, spanning 17,300 square feet, was leased to Chef’s Local Harvest, a grocery store. The lease was signed on October 16, 2020. The landlord for the property is Blackstone.

Summary of transaction details:

• Property Type: Retail
• Transaction Date: October 16, 2020
• Address: 421-427 East 14th Street
• Market: Stuy Town
• Tenant: Chef’s Local Harvest
• Landlord: Blackstone
• Asking Rent: $125/ft.
• Square Footage: 17,300
• Tenant Representative: Matthew Fernandez - Okada & Company
• Landlord Representatives: Hilary Sievers & Patrick A. Smith - JLL; Peter Ripka - Ripco Real Estate

Matthew Fernandez from Okada & Company represented the tenant, Chef’s Local Harvest, in the lease transaction. The landlord, Blackstone, was represented by Hilary Sievers, Patrick A. Smith from JLL, and Peter Ripka from Ripco Real Estate. This lease presents an opportunity for grocery store operators to contact Matthew Fernandez at Okada & Company to discuss their space needs and next steps for opening their own store.

Okada & Company is a fully-integrated commercial real estate company that specializes in development, leasing, sales, as well as equity and debt solutions. They focus their growth strategy on the New York City and surrounding tri-state area markets.

@BespokeBroker noted that they are available to assist any landlords who have retail spaces suitable for grocery stores or are looking to convert a previous grocery store with a new tenant and concept. Grocery operators can contact @BespokeBroker through DM or by email at [email protected] to discuss their space needs and bring their next store to fruition.