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New York & Tri-State  + Outer  + Retail  | 

RIPCO Brings Asian Supermarket Chain to Long Island City

RIPCO Real Estate has completed a 63,525-square-foot, 15-year leasing deal with H Mart at 48-18 Northern Blvd. in Long Island City. Formerly a Stop & Shop, the space will serve as a grocery anchor for the shopping center. H Mart is the largest U.S.-based grocery store chain specializing in Asian-style products. 

Michelle Abramov and Greg Batista of RIPCO brokered the deal. “48-18 Northern Blvd. represents an ongoing trend of second-generation supermarket spaces being leased by competing supermarket chains due to high construction costs and the disruption in supply chain for supermarket infrastructure,” said Abramov. “We are confident that H Mart will serve the community by offering a new supermarket for residents to fulfill their shopping needs.” 

The area has a strong and growing Asian demographic, making this a suitable location for an Asian specialty supermarket. The property is easily accessible from the E, M and R subway lines.

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About Paul Bubny

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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