Sephora Signs at Brooklyn’s Atlantic Terminal Mall, the Commercial Observer reported 9/6/09, with the key piece of information "asking rents at the center at $250 per square foot," according to landlord Madison International Realty, which last year took over full ownership from Forest City New York/Forest City Realty Trust.
That doesn't mean they got $250/sf, but consider that Madison's Ronald Dickerman, describing plans to refresh the mall and gain new tenants, told The Street in January 2018, "We'll raise rents from $30 per square foot to $60."
Presumably that was an average, so we don't exactly know the former rent--at the Children’s Place, a clothing store for kids--but that leaves a significant upside.
Madison reps told the Commercial Observer that foot traffic from Barclays Center was part of the expected customer base for Sephora, which should open next month.
Madison reps told the Commercial Observer that foot traffic from Barclays Center was part of the expected customer base for Sephora, which should open next month.
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