Commercial Observer excerpt -
California-based Trader Joe’s has signed a 13,700-square-foot lease to be the grocery anchor tenant of City Point, a 1.8 million square feet mixed-use development in Downtown Brooklyn.
The new Trader Joe’s is expected to open in 2016 on the concourse level of the Acadia Realty Trust and Washington Square Partners development, which is located between Fulton and Flatbush Avenues. Rents on the concourse level range between $40 to $75 a square foot, as The New York Post first reported.
City Point’s Trader Joe’s will be adjacent to DeKalb Market Hall,
a 26,000-square-foot food hall slated to open next year that will offer
between 35 to 55 food vendors. The grocery chain will also join a host
of retailers in the development, including Century 21, CityTarget (an urbanized version of Target) and Alamo Drafthouse Cinema.