Extreme Department Store Signs 15,000 SF Lease in the Bronx
Real Estate In-Depth | April 23, 2021
NEW YORK— Extreme Department Store has signed a 10-year lease for 15,003 square feet at Concourse Plaza in the Bronx, announced New York City-based The Feil Organization, the shopping center’s owner and manager. The new lease comes relatively shortly after a tenant vacated the space.
The department store will be situated on the ground floor next to Hibachi Grill & Supreme Buffett restaurant and Victoria Nail, Feil officials stated recently.
“Getting a lease of this size signed within three months of the prior tenant vacating the space during the COVID-19 pandemic speaks volumes about the strength of the shopping center,” stated Randall Briskin, vice president of leasing at The Feil Organization. “Additionally, with less than 4,400 feet vacant at the overall property, we still have the ability to be selective with our tenant roster. We look forward to finding quality tenants for the last two vacancies who will complement the shopping center and serve the needs of the local community.”
Briskin represented The Feil Organization and Gabriel Saff of Retail Zone represented the tenant in the deal.
Four blocks from Yankee Stadium, the 311,650-square-foot multi-use Concourse Plaza is located just off of Grand Concourse, the major north-south thoroughfare that connects Manhattan and the northern Bronx. The center serves more than 1.2 million consumers within a three-mile radius and is adjacent to the 2-million-square-foot Bronx County Court House and Bronx Municipal Building.
Feil completed an $18-million renovation of the center in 2016, which included a renovation of the 51,680-square-foot Food Bazaar, one of the largest grocery stores in the Bronx, and the complete repositioning of the shopping center which included a façade renovation and the re-tenanting of the center with prominent retailers such as Kidstown and Rainbow Stores. Concourse Plaza’s current tenant roster also includes Blink Fitness, Hibachi Grill, CVS, Santander and Bank of America.
Extreme Department Store offers a variety of household items, such as: bath towels, wastebaskets, laundry items, glassware, cleaning supplies, storage containers, paper towels, and more. Shoppers can also find home décor items, clothing, luggage, children’s toys, furniture and seasonal decorations throughout the store.
Concourse Plaza offers on-site parking for more than 1,200 vehicles and is also accessible via major area roadways and public transportation.
The Feil Organization is a private, established commercial real estate firm headquartered in New York City. The company owns and operates a nationwide portfolio of more than 24 million square feet of retail and commercial space, and more than 5,000 residential rental units. The Feil Organization also maintains regional offices in Chicago, New Orleans, St. Petersburg and on Long Island.