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Doing More With Less
Smart retailers can succeed in a tight real estate market with limited capital
Even as the economy continues on a path of slow improvement, brick-and-mortar retailers still find themselves in a real estate market with few vacancies and even fewer new malls under construction. In addition, corporate management remains reluctant to expend any more capital than it feels is absolutely necessary to meet immediate needs.
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Vanguard Wine Bar leases Upper West Side space
New York — Vanguard Wine Bar has signed a 12-year lease for a 1,000-sq.-ft. ground-floor space at 189 Amsterdam Avenue between 68th and 69th Streets in New York City’s Upper West Side. It will be Vanguard’s second Manhattan location.
RKF represented both the tenant and the landlord, Ogden CAP Properties, in the transaction.
