Marshalls Opens 31,470-SF Store at Liberty Brooklyn in Sunset Park, RIPCO Real Estate Reps Tenant
Marshalls has opened a 31,470-square-foot store at Liberty Brooklyn, a mixed-use complex at 850 Third Avenue in Brooklyn's Sunset Park neighborhood, according to an announcement from RIPCO Real Estate.
The off-price retailer occupies ground-floor space within the eight-story, 1.3 million-square-foot development.
Deal Details and Brokerage
RIPCO Real Estate Vice Chair Esther Bukai represented Marshalls in the transaction. In a statement provided to Commercial Observer, Bukai described the strategic rationale behind the retailer's decision to commit to the location.
"Marshalls recognized the unique opportunity to establish a flagship presence within one of Brooklyn's fastest-evolving commercial corridors. 850 Third Avenue offers exceptional visibility, strong surrounding demographics, and immediate access to both a growing residential population and an expanding workforce."
Financial terms of the lease were not disclosed.
About Liberty Brooklyn and the Sunset Park Location
Liberty Brooklyn at 850 Third Avenue is an eight-story, 1.3 million-square-foot mixed-use complex. Marshalls' 31,470-square-foot ground-floor footprint represents a large-format retail commitment within the development.
According to RIPCO Real Estate's announcement, the property offers visibility, demographic strength, and access to a growing residential and workforce base — factors that Bukai cited as central to Marshalls' site selection.
Sources
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