News
RETAIL'S NEWEST TIGERS
December 1, 2011
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| The bricks-and-mortar retailers like that cha-ching sound they kept hearing last weekend, says Sabre Real Estate managing principal Jayson Siano (with partner Kenny Breslin). “Black Friday sales were only expected to rise 1.5% to 2% over 2010 but actually increased nearly 7% to $11.4B (great news if you are in retail... or if you're a kid waiting for toys), which tells us that people are still shopping in stores,†he tells us. This bodes well for Tri-State retail, which has only gotten better since the height of the recession. Retailers that are aggressively expanding: fitness, clothing, discount chains, and all kinds of restaurants (hence the growing fitness retail segment). Sabre tenant rep specialist Beth Lamport is pounding the pavement for Ulta, Trader Joe's, National Wholesale Liquidators, and Dots throughout Long Island and the outer boroughs. |
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| Jayson and Kenny, who came up with the Sabre idea only seven months ago, weren't expecting to grow this quickly. Its Garden City office is already near capacity with 14 brokers, including Scott Sher(with Beth), who joined the firm this week from Katz Associates. He's expanding the firm into Westchester, NJ, and Connecticut, repping Save-A-Lot, Anthony's Coal Fired Pizza, and Hurricane Grill & Wings. Jayson says the firm is far ahead of its initial projections, thanks to retailers coming off the sidelines and looking for opportunistic deals. Sabre has also clinched over 1M SF in shopping center assignments already, including an exclusive with Stop & Shop-owned centers across Long Island and Queens. |
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| We managed to pry the busy team from their phones: Russel Helbling, Anthony Russo, Jordan Domroe, Gina Baxter, Jayson,Jeb Bellsey, Todd SanGiovanni, Amanda Gordon, Ed Czarniak, Beth, Stu Fagen, Frances Picone, Doug Bomzer, and Jeanie Yulan. Kenny (too hard at work for the photo) was most recently prez at Breslin Realty, while Jayson was co-director of CBRE's retail services group for Long Island and the outer boroughs. But it was full-circle: Jayson first trained under Kenny and father Wilbur at Breslin a decade ago. Stop and say hi to them at ICSC Rhinelander 104 next week. |
