June 21, 2019
ABS Partners Real Estate’s Mark Tergesen and Joe Italiaander have secured a 45,885-square-foot, 20-year pre-development lease for Food Bazaar at One East Harlem, a one-acre, mixed-use development at 201 E. 125th St. “This will be a game-changer for East Harlem as it brings a much-needed, large format grocery use to the corner of 125th Street and Third Avenue,” said Tergesen.
The Richman Group Development Corp., Bridges Development Group, Monadnock Development LLC, Hope Community Development Inc. and El Barrio Operation Fightback, collectively the developer of One East Harlem, recently broke ground on the mixed-use project. It will contain 404 apartments and 65,000 square feet of retail upon completion.
The landlord was represented by Ripco Real Estate, as well as Michael Berfield of Bridges Development Group. One East Harlem broke ground in April and Food Bazaar is expected to take occupancy in late 2021, with a targeted opening in 2022.
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