“Guardian had outgrown its existing premises and the 171 17th space, which could no longer accommodate all of our requirements, was a beneficial sublease solution for both parties,” says Sam Hollis, executive director at Cushman & Wakefield.
Hackensack is currently in the midst of a renaissance targeting the downtown district that will bolster its population density,” says Gebroe-Hammer's Nicholas Nicolaou.
While there will be some softness and “over reaction” by some as the retail sector continues its transition, Bell notes, “We are not going to see a situation where there is a 'retail apocalypse.'”
Westchester County Executive Latimer plans to meet with Standard Amusements as well as hold discussions with the County Board of Legislators on how best to proceed.