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A new, higher-paying tenant at Atlantic Terminal: Sephora

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.

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