Newmark Retail Arranges NYC’s Largest New Retail Lease Transaction Year to Date [1]

December 10, 2024 9:00 AM

Newmark Retail announces it has secured an 80,300-square-foot lease for ROUND1 Bowling & Arcade at The Shops at Skyview ("Skyview"). The transaction marks the first NYC location for ROUND1, a subsidiary of Japan-based amusement store chain, ROUND1. According to Newmark Research, the transaction the largest new retail lease transaction to close in New York City so far this year.

Newmark Executive Managing Director David Friedman and Managing Director Andrew Stern facilitated the lease transaction on behalf of the tenant.

"The closing of this transaction is a testament to the power of commitment and partnership, two components that continued to drive this deal forward over the last two years," said Friedman. "We congratulate ROUND1 on the impending opening of their first NYC location and look forward to our continued partnership as we seek to realize their goal of national expansion."

Skyview is a 700,000-square-foot shopping destination in Flushing, Queens. The dynamic cultural shopping destination is owned and managed by Blackstone subsidiary, ShopCore Properties. Skyview grants consumers access to a healthy mix of growing national retailer and local favorites, and can be accessed via several public modes of transportation, including MTA Bus lines Q13, Q19, Q25, Q48 and Q50; MTA Subway lines 7 and 7X; and the Port Washington Branch train-line, among others.

[1] According to Newmark Research

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Newmark Group, Inc. (Nasdaq: NMRK), together with its subsidiaries ("Newmark"), is a world leader in commercial real estate, seamlessly powering every phase of the property life cycle. Newmark's comprehensive suite of services and products is uniquely tailored to each client, from owners to occupiers, investors to founders, and startups to blue-chip companies. Combining the platform's global reach with market intelligence in both established and emerging property markets, Newmark provides superior service to clients across the industry spectrum. For the twelve months ended September 30, 2024, Newmark generated revenues of approximately $2.6 billion. As of that same date, Newmark's company-owned offices, together with its business partners, operated from nearly 170 offices with more than 7,800 professionals around the world. To learn more, visit nmrk.com or follow @newmark.

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