August 8, 2019
Avison Young arranged a new 15-year, 3,200-square-foot retail lease for an affiliate of Associated Supermarket at 3805 Broadway in Washington Heights. Formerly a Payless ShoeSource, the space will serve as a retail supermarket location for the tenant.
Todd Korren, principal with Avison Young, represented the property owner, Dynamic Broadway Corp. Associate Maria Fernandez represented the tenant.
“This was an ideal outcome for both the tenant and the owner,” said Korren. “Associated was looking to expand its New York City footprint with a new modern supermarket experience in the growing Washington Heights neighborhood, and ownership was able to secure a long-term lease with a quality retail tenant that was a perfect fit for the space. We’ve represented this landlord in several other transactions, and we’re pleased to have closed this latest deal on behalf of both sides.”
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