M&R is excited to be involved with this pioneering project that is redeveloping Jamaica Avenue.
Burlington Coat Factory will anchor United American Land’s Jamaica Avenue retail redevelopment, leasing 70,000 square feet.
The New Jersey-based retail chain will occupy the third and fourth floors of the GreenbergFarrow-designed building, as well as half of the second floor. Asking rent for the Queens space was $55 per square foot. The Burlington store is expected to open in the spring of 2017.United American Land represented itself in the deal, while Clifford Simon of CNS Real Estate represented Burlington, the New York Post reported.
The developer, led by principal Albert Laboz, will combine 161-02 Jamaica Avenue with 160-16 Jamaica Avenue and 160-08 Jamaica Avenue to make one large, interconnected retail complex of about 150,000 square feet. The firm completed the assemblage of the three parcels last year. [NYP] – Ariel Stulberg