Cole Schotz Advises on Leasing of 50K SF Brooklyn Space for New Target Location

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Cole Schotz P.C. represented Bridges Development Group on its lease with Target of a 50,000-square-foot space located at Kings Highway and Foster Avenue in Brooklyn, NY. Target is expected to open a small-format store at the location in 2020, marking its 27th opened or planned store in New York City and seventh in Brooklyn.

Richard Abramson, co-chair of the Real Estate Department at Cole Schotz, advised Bridges Development Group on the negotiation of the lease. Bridges Development Group works with national retailers in order to bring new retail developments to underserved markets throughout the New York City area.

Cole Schotz’ real estate group regularly advises clients on acquisitions, sales, financing’s, redevelopments, joint ventures, construction projects and leases in the New York metropolitan area.

As the law continues to evolve on these matters, please note that this article is current as of date and time of publication and may not reflect subsequent developments. The content and interpretation of the issues addressed herein is subject to change. Cole Schotz P.C. disclaims any and all liability with respect to actions taken or not taken based on any or all of the contents of this publication to the fullest extent permitted by law. This is for general informational purposes and does not constitute legal advice or create an attorney-client relationship. Do not act or refrain from acting upon the information contained in this publication without obtaining legal, financial and tax advice. For further information, please do not hesitate to reach out to your firm contact or to any of the attorneys listed in this publication.

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