Bed Bath & Beyond Looks Beyond Manhattan
Home goods retailer Bed Bath & Beyond has signed a lease for a 100k SF location in Sunset Park, Brooklyn, the Wall Street Journal reports. (Need to buy it a housewarming gift? Try Bed Bath & Beyond.) The new digs, in a massive eight-story building called Liberty View Industrial Plaza, will be the first retail space in the full-block structure. The store will be complemented by outlets of three affiliated brands: buybuy BABY, Cost Plus World Market and Harmon Face Values. Salmar Properties, which owns Liberty View, will charge about $30/SF for retail space--roughly double its industrial going rate. The area is thin on major retailers--let alone ones that patrons can access by car and snag an actual, honest-to-goodness parking spot. (Yes, Virginia, there will be customer parking.)
