JLL Leases 85% of Retail Space at 809 Atlantic Ave. in Brooklyn

Maimonides Health, Chick-fil-A and Hounds Town to occupy 36K-SF at new ground-up development in Clinton Hill 

JLL announced today it has leased the bulk of the retail space at the newly-developed 809 Atlantic Ave. in Clinton Hill, Brooklyn, leaving just 8,000 square feet of prime retail availability in the underserved Brooklyn corridor.

Maimonides Health, Brooklyn’s largest hospital system, signed a long-time lease to occupy 25,000 square feet on the entire second floor of the property. Maimonides will open a state-of-the-art new healthcare center that will feature three separate units, including primary care, surgical and OB/GYN services. Maimonides was represented by Nick Zweig of Location Commercial Real Estate.

Chick-fil-A leased 5,000 square feet on the ground floor for its newest quick-service restaurant. Offering dine-in and carry-out options, the franchise outlet will serve the brand’s usual menu of sandwiches, wraps, nuggets, salads, waffle fries and more. David Alani and Michael Friedman of Inline Realty represented the tenant.

And Hounds Town USA, the doggy daycare chain founded by former NYPD and Nassau County Police canine handler Michael S. Gould, leased the entire 6,000-square-foot lower level of the property for its fully interactive doggie daycare, overnight dog boarding and pet spa services, Hounds Town – Brooklyn, set to open soon.

Developed by Hope Street Capital and designed by Morris Adjmi Architects, 809 Atlantic Ave. is a 29-story, 284-unit mixed-use tower whose residential portion is known as The Axel and features 284 apartments, a pool and sundeck, game lounge, fitness center and executive meeting rooms.

At 60,000 square feet, the building’s podium presented the largest commercial availability in Brownstone Brooklyn, where an increasingly high-density residential base appeals both to national chains and expanding local retailers.

“It’s taken a minute to assemble the site and work through the ULURP and landmarks processes,” said Hope Street Capital partner Sha Dinour. “However, the apartments are now fully stabilized and the rapid lease up of the retail space is reflective of the strong demand for best-in-class concepts among the very fast-growing residential population leading the neighborhood’s transformation. We are excited to welcome Maimonides, Chick-fil-A and Hounds Town and looking forward to what comes next.”

“Maimonides is excited to bring the state’s top-ranked surgical care, outstanding women’s health services and primary care to Clinton Hill in this beautiful new space,” said Ken Gibbs, President and CEO of Maimonides Health. “This expansion exemplifies Maimonides’ commitment to providing essential health services across the borough.”

The Department of City Planning dubbed the area along Atlantic and Fourth avenues an “opportunity corridor” and ushered a series of spot rezonings estimated to create 1,600 new apartments. Now retail is rushing to catch up, according to JLL Retail Senior Vice President Ryan P. Condren who serves as exclusive leasing agent for 809 Atlantic Ave. with Senior Vice President George Danut.

“Retail demand remains elevated across Brooklyn’s prime corridors and these latest transactions illustrate how the residential community remains underserved,” said Condren. “We are already seeing tremendous interest in the remaining availability at 809 Atlantic Ave. and look forward to quickly leasing the 8,000 square feet of divisible space across the ground floors.”

809 Atlantic Ave. is located in Clinton Hill, between Fort Greene and Bed-Stuy anddirectly across the street from the Pacific Park development which, once complete, will include 15 buildings with 6,500 housing units.

The neighborhood is home to the Pratt Institute, renowned for its focus on architecture and interior design and attended by over 5,000 grad and undergrad students.

Among an eclectic selection of shops, bars and cafes, the corridor has attracted some innovative dining concepts, including Michelin-rated Olmsted and its sister restaurant, Maison Yaki, James Beard winner Ayo Balogun’s Radio Kwara and Sailor, from chef April Bloomfield and restaurateur Gabriel Stulman.

About JLL

For over 200 years, JLL (NYSE: JLL), a leading global commercial real estate and investment management company, has helped clients buy, build, occupy, manage and invest in a variety of commercial, industrial, hotel, residential and retail properties. A Fortune 500® company with annual revenue of $20.8 billion and operations in over 80 countries around the world, our more than 108,000 employees bring the power of a global platform combined with local expertise. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAYSM. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.