RKF arranges three NYC leases for Carlo Pazolini
New York — RKF has arranged three long-term leases, totaling 13,055 sq. ft., in Manhattan for Carlo Pazolini, the European shoe and accessories brand. RKF represented Carlo Pazolini in each transaction.
The first store is in the Meatpacking District at 410 West 14th Street and spans 5,000 sq. ft., with 2,500 sq. ft. on the ground floor and another 2,500 sq. ft. in the basement. The location has opened for business. RKF represented the landlord Amcojor Realty Corp.
The second store, at 555 Madison Avenue, is in the Plaza District. It consists of 4,895 sq. ft. with 3,056 sq. ft. on the ground floor and the balance in the basement. Cushman & Wakefield represented the landlord, Rodney Corporation in the transaction.
The third store at 1131 Third Avenue on the Upper East Side is 3,160 sq. ft. of ground floor space. Vornado Realty Trust, the landlord, represented itself.
The Forum in Wilmington, N.C., sells for $24.7 million
Wilmington, N.C. — Marcus & Millichap Real Estate Investment Services has arranged the sale of The Forum, a 105,000-sq.-ft boutique retail center in Wilmington, N.C. The $24,680,000 sales price equates to $233 per square foot.
Marcus & Millichap’s Fort Lauderdale office represented the seller, the developer of the property, Swain & Associates, as well as the buyer, L&B Realty Advisors LLP, a pension fund. Swain & Associates will maintain its offices at The Forum and continue to handle leasing responsibilities.
The property serves an affluent neighborhood with an average annual household income of $115,000.
Divaris signs three leases in Central Va.
Richmond, Va. — Divaris Real Estate has announced the renewal of three retail leases totaling approximately 9.000 sq. ft. in the Richmond metropolitan area.
Legacy School of Dance signed a lease for 3,813 sq. ft. of retail space in Colony Plaza in Midlothian, Va. This is the second Richmond area location for the dance studio. Divaris represented the landlord, Colony Crossing. Legacy joins Dolce Vita Restaurant, Best Cleaners, Colony Coffee, Native Sun Tanning, Padows Deli, Fortune Bowl Restaurant and Nail Envy.
Zoe’s Kitchen leased 2,825 sq. ft. at Willow Lawn Shopping Center in Richmond. Divaris represented the tenant. Other tenants at the center include Ross Dress for Less, Gold’s Gym, Staples, Old Navy, Dress Barn and Kroger.
Dunkin’ Donuts took 2,000 sq. ft. at The Shoppes at Winding Brook II in Ashland, Va. Divaris represented the tenant.
Divaris is a member of Realty Resources, a national group of independent retail property brokers and managers covering 91 major markets in the U.S. Divaris is also the Virginia affiliate for The CORE Network, a national group of office and industrial brokers with affiliates throughout the U.S., Canada, Mexico, Asia and Europe.