COMMERCIAL

Charter school signed biggest retail lease in NYC last month

The Real Deal | December 2, 2019

COMMERCIAL

Charter school signed biggest retail lease in NYC last month

The Real Deal | December 2, 2019

Gyms and fitness clubs, usual mainstays on this list, were entirely absent from the top 10 largest retail leases made public last month. Ascend Charter Schools led the pack instead, more than doubling the square footage of the second largest lease on the list.

November’s 10 biggest retail leases made public totaled 169,700 square feet, down 18,200 square feet from October’s total of 187,900 square feet. The largest retail lease inked in November was in Prospect-Lefferts Gardens.

Ascend Charter Schools, 123 Linden Boulevard, Prospect Lefferts Gardens – 45,000 square feet:

The charter school known for its high-performing students signed a 15-year lease for space in a new Brooklyn residential development. William O’Brien of M.C. O’Brien represented the tenant while Jack Mordekai of Moinian Group represented the landlords, Moinian Group and Bushburg Properties. The Moinian Group in 2017 took a nearly 50 percent stake in the conversion of the Brooklyn nursing home into a 487-unit rental building.

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