Williamsburg, Brooklyn, NY — Verada is thrilled to announce the successful leasing of the entire 26,000 square feet of retail space at 510 Driggs Avenue, Williamsburg. This milestone underscores Verada’s commitment to fostering vibrant, community-centric retail environments in prime locations.
Barry's Joins the Neighborhood: The renowned fitness brand, Barry's, has secured the remaining on-grade space, signing a 10-year lease for 5,200 square feet. The lease, finalized last week, was negotiated at an asking rent of $150 per square foot. This addition brings a dynamic fitness experience to the heart of Williamsburg, enhancing the local community's wellness offerings. Barry's was represented by Neal Ohm and Michael Cohen of Newmark in the transaction.
Perspire Sauna Studio:Wellness at Your Doorstep: Earlier this spring, Perspire Sauna Studio inked a deal for 2,800 square feet of below-grade space and is set to open soon. As a leading provider of infrared sauna therapy, red light therapy, and color light therapy, Perspire Sauna Studio offers private sauna suites with towel service and premium entertainment. Their full-spectrum infrared saunas utilize the latest technology to provide benefits such as detoxification, stress reduction, pain relief, radiant skin, and improved sleep.
A Synergistic Community: The diverse co-tenancy at 510 Driggs Avenue has created natural synergies, fostering a vibrant community hub. With a mix of long-term, community-friendly retail tenants, the base of this luxury condo development is now a bustling center of activity.
Baker Pediatrics and The Learning Experience: Adding another layer of value, Baker Pediatrics occupies 5,000 square feet, with 1,500 square feet on grade and 3,500 square feet subgrade. Their presence provides essential healthcare services, strengthening the neighborhood's family-friendly atmosphere. The Learning Experience, an acclaimed educational institution, has embraced 12,500 square feet, establishing a hub for early childhood education. Both Baker Pediatrics and The Learning Experience are set to open in early fall, further enriching the community by offering top-tier services.
Owner: 510 Driggs Avenue is owned by Northlink Capital, who has been instrumental in creating a tenant mix that adds substantial value to the neighborhood. Verada’s Nate Mallon and Brendan Thrapp represented ownership in these transactions.