NEW YORK – RIPCO Real Estate and Related Companies announced that Food Bazaar Supermarket signed an 80,000 square-foot lease at Bronx Terminal Market. Developed by Related Companies in 2009, Bronx Terminal Market is home to a variety of restaurant and retail tenants, and Food Bazaar – which will be the largest supermarket in the borough when complete – will add a full-service supermarket to the complex when open in the spring of 2019.
Bronx Terminal Market is located at 610 Exterior Street in the Bronx and is accessible by public transportation on the Bx13 bus service, the 4, 5, 1, and 3 trains from 149th Street and Grand Concourse, B and D trains at 161st Street, or Exit 4 and 5 off the Major Deegan Expressway.
Boasting one million square feet of retail space, Bronx Terminal Market offers visitors and residents a convenient and thriving shopping destination. The complex is located at 601 Exterior Street, off Exit 4/5 of the Major Deegan Expressway and just south of Yankee Stadium. Food Bazaar will join a tenant roster that includes Marshalls, Target, Home Depot, Bed Bath & Beyond, Michaels, Best Buy, Burlington, and Chuck E. Cheese, among other national retailers. The family owned and operated supermarket is prominent in the Tri-State region, and is home to 16 locations across Brooklyn, Queens and the Bronx, not to mention 9 other locations in New Jersey, Connecticut, Long Island, and Westchester.
“There were a variety of reasons to locate at Bronx Terminal Market, including the fact that the complex is located in a densely populated trade area, features excellent parking and mass transportation options, and presented us with the unique opportunity to have the largest supermarket in the Bronx,” said Spencer An, president at Food Bazaar.
“In today’s day and age of retail, having your project service day to day needs of the local community will bring traffic to your development and that is exactly what Food Bazaar will do for Bronx Terminal Market,” said Avi Kollenscher, senior vice president at Related Companies.
“Bronx Terminal Market has a diverse and powerful group of retailers, so with this space, we wanted to target someone who would be additive to the existing mix. We knew a well-known and respected brand like Food Bazaar would align well with our current tenants and get the community excited,” said Brian Schuster RIPCO Real Estate, who along with Peter Ripka represented Related in the transaction.