CVS, Lidl Sign Retail Leases at Park Slope Resi Development
William Macklowe Company and Senlac Ridge Partners have signed a lease with CVS to operate a pharmacy at their 120 Fifth Ave. development in Park Slope, Brooklyn. This news comes alongside the signing of community supermarket Lidl at the development.
CVS will occupy the ground floor and lower level of one of the two mixed-use buildings planned for the site. Lidl will anchor the retail component of the other building.
The RIPCO Real Estate team consisting of Jason Pennington, Alex Beard and Ben Weiner is the exclusive leasing and marketing team for the developers and represented them in this transaction. Newmark’s Jason Pruger, Harrison Abramowitz and Ross Kaplan represented CVS. Ken Schuckman of Schuckman Real Estate represented Lidl.
The 180‐unit residential rental development will include 45 affordable housing units and approximately 67,000 square feet of retail/commercial space along with a parking garage.
Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces.
Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications.
Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).
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