Lease Beat

The Langston Welcomes Deal$

 The Langston Welcomes Deal$

Courtesy of Rofo

Deal$ is set to open a new location at 301 West 145th Street on the southeast corner of Frederick Douglass Blvd.

The discount chain will join retail tenants Bank of America, Starbucks, and New York Sports Club in leasing the base of the Langston Condominium. Developed by the Gotham Organization and the Richard Group, the 330,000-square-foot luxury condominium was completed in 2008 and has reached full occupancy.

The building offers more than 30,000 square feet of retail on the ground and mezzanine floors. Deal$ is set to lease 10,624 square feet of the space.

“This is a great amenity for the area, offering a convenient place for residents of the building and the neighborhood to purchase very good products at discounted prices,” said Tatiana Jung, an associate director at Winick Realty Group and a broker on the deal.

“The neighborhood is becoming more and more upscale and it was calling for something fresh and new,” Richard Smith, a director at Winick Realty Group followed. “This type of store doesn’t exist anywhere else in the neighborhood and it’s something the area really needed.”

Combined, Mrs. Jung and Mr. Smith represented the landlord in the transaction. Miles Mahoney, a broker from Ripco‘s New York City division, represented the the tenant in the transaction.

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