Grocer Union Market Signs 10K-SF Lease at 499 President in Gowanus
Mark Hallum | Commercial Observer
Italian cafe, physical therapy clinic also ink deals in new development.
Grocery store Union Market, Italian cafe Corto and Spear Physical Therapy have signed leases in a new development in Brooklyn’s Gowanus neighborhood.
Union Market was the largest of the three, signing a 10,000-square-foot lease at 499 President Street, which was built by a joint venture involving The Brodsky Organization, Avery Hall and Battery Global Advisors.
The landlords did not disclose the asking rent or the length of the leases, but real-time retail asking rent in the area is $70 per square foot, according to CoStar data.
Union Market’s official address will be 532–542 Union Street, the landlords said.
“Our vision was to curate an array of retail partners for our residents at 499 President and the growing Gowanus community at large,” Alexander Brodsky, partner at The Brodsky Organization, said in a statement.
