Thursday, December 20, 2007

JC Penney to replace Conway on the Fulton Mall

"Next year, JCPenney will be opening its first location in Brooklyn, on Fulton Street. It will occupy the retail space presently leased to Conway's, which is directly across the street from Macy's.

Stanley Chera, a principal at Crown Acquisitions, one of the largest owners of property in the Fulton Street area, said leasing "continues to be excellent, with no slowdown in prime locations. Retailers are committed to downtown Brooklyn, and expect to see a new tenant mix over the next few years".

"With thousands of new residents moving to downtown Brooklyn, expect to see a large supermarket and health and beauty centers opening in this underserved area," a retail broker, Lori Shabtai of Winick Realty Group, said." (NY Sun)

'A Very Exciting Time' For Retail in New York (NY Sun)

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