Bronx Plaza Welcomes Four Major Tenants

November 9, 2015

The Feil Organization has signed Modell’s, Kidstown, American Stenographic and Rainbow Stores to leases at Concourse Plaza in the Bronx, N.Y.

By Keith Loria, Contributing Editor

The Feil Organization has signed Modell’s, Kidstown, American Stenographic and Rainbow Stores to leases at Concourse Plaza, the 25-year-old mixed-use landmark in the Bronx, N.Y., which was recently renovated.

Located at 200 East 161st St., right off the Grand Concourse, the major north-south thoroughfare connecting the Bronx with Manhattan, the 311,650-square-foot Concourse Plaza serves a population of over 1.2 million consumers within a 3-mile radius.

Feil completed an $18 million renovation of the property earlier this year, which included a new façade, an overall update, and the renovation of the Food Bazaar supermarket anchor, one of the largest grocery stores in the Bronx.

“This center is part of the exciting Bronx revitalization,” Randall Briskin, The Feil Organization’s vice president of leasing, said in a prepared statement. “The entire Grand Concourse area is being gentrified, so this was an opportune time for us to reinvest in Concourse Plaza. And that clearly is paying off as we add new retailers and services.”

With the new leases, Modell’s now occupies 15,000 square feet of retail; Kidstown now occupies 13,111 square feet; American Stenographic has 1,800 square feet of office space; and Rainbow Stores has leased 7,585 feet of retail space.

Burger King and Popeye’s are also coming to Concourse Plaza in the next 12 months.

Three retail spaces, two of 2,600 square feet each and one of 10,000 square feet remain available, as does a 2,800-square-foot office space.

The complex is within walking distance of Yankee Stadium and adjacent to a 1,883-unit residential housing community, the Bronx County Courthouse, and Bronx Municipal Building. It’s accessible from Interstates 87, 278 and 95, the 4, B and D subway lines and the Bx6, Bx1, Bx2, BxM4 and Bx32 bus lines.

Randall Briskin and Nicholas Forelli, both of Feil, represented the company in the transactions. Feil was also advised by in-house counsel Brian Palumbo and Michele Frankel.