February 9, 2023 9:00 AM
Newmark announces it has secured a new 30,000-square-foot lease for Vista Hermosa, a curated food concept from Tacombi at The Whale in Sunset Park, Brooklyn, New York. Newmark was the sole broker on the transaction, with Managing Director Ryan Gessin and Directors Todd Hershman and Michael Paster serving as the Tenant representatives. The landlord, Nightingale Properties, was represented by Senior Managing Directors Bernard Weitzman and Jordan Gosin, alongside Director Christopher Ventura.
“We are extremely excited that Vista Hermosa chose The Whale after an extensive search throughout the Tri-State area,” said Gosin. “We believe this lease indicates ownership’s forward-looking vision for the building. With the closing of this transaction, we congratulate Vista Hermosa on marking a notable milestone and look forward to the brand’s new chapter in Sunset Park.”
Vista Hermosa crafts traditional Mexican corn and flour tortilla products and has grown significantly over the last few years. The brand’s growth created a need for an expanded production and distribution space to better serve Tacombi restaurants and an additional 2,000+ stores across the United States. The tenant conducted a marathon market tour to find the ideal solution. The search spanned multiple states and submarkets, including New Jersey, Connecticut, Westchester, Long Island, Queens and the Bronx.
Ultimately, what attracted the tenant was The Whale’s juxtaposition of traditional industrial infrastructure, including high ceilings, direct drive-in and access to a newly renovated office building with a highly amenitized environment. Vista Hermosa signed a long-term lease to occupy a portion of the ground floor.
“We are delighted to welcome Vista Hermosa to the Whale,” said Elie Schwartz, Chief Executive Officer at Nightingale Properties. “The Whale is undergoing a revolutionary transformation, and Vista Hermosa is the ideal tenant, as the company exemplifies the innovation and uniqueness that the property represents.”
Nightingale Properties is reimagining the property with the architecture and design firm STUDIOS. Featuring panoramic views of the waterfront and New York City skyline, The Whale offers flexible tenant workspace options ranging from 1,500-to-90,000 square feet. The property will boast 30,000 square feet of high-end amenities, including a tenant lounge, an indoor-outdoor conference center, a state-of-the-art fitness center, an interactive climbing wall and a full-building art display by Manhattan-based artist Elizabeth Sutton.
Situated in the heart of Sunset Park’s surrounding amenity and entertainment attractions, The Whale is within convenient access to hotspots such as Ba Xuygen, Pacificana, Café Grumpy, Laurentino’s Pasticceria, Bush Terminal Piers Park, Liberty Plaza and Brooklyn Army Terminal. The property is also conveniently located near the Sunset Park Ferry stop and provides a complimentary shuttle service to the 36th, 45th and 53rd Street R-line subway and offers on-site bike and e-Scooter parking in a 150-spot parking garage.
About Nightingale Properties
Led by Elie Schwartz, Nightingale Properties is an established vertically-integrated commercial real estate investment firm founded in 2005 with a track record exceeding $10 billion. Headquartered in New York City, Nightingale has owned and managed over 22 million square feet of office, retail, data center, life sciences, and parking assets across 22 states. Primarily, Nightingale seeks value-oriented investments with repositioning or redevelopment opportunities in high-growth and urban core markets. By leveraging a proprietary network to identify unique real estate opportunities, Nightingale targets well-located assets with intrinsic, under-appreciated value due to operating inefficiencies, undercapitalization, or market dislocation, in addition to core, defensive, truly multi-generational investment opportunities that stand the test of time. For more information about Nightingale, please visit www.thenggroup.com.
Newmark Group, Inc. (Nasdaq: NMRK), together with its subsidiaries (“Newmark”), is a world leader in commercial real estate, seamlessly powering every phase of the property life cycle. Newmark’s comprehensive suite of services and products is uniquely tailored to each client, from owners to occupiers, investors to founders, and startups to blue-chip companies. Combining the platform’s global reach with market intelligence in both established and emerging property markets, Newmark provides superior service to clients across the industry spectrum. Newmark generated revenues of approximately $3.1 billion for the twelve months ending September 30, 2022. Newmark’s company-owned offices, together with its business partners, operate from approximately 180 offices with nearly 6,700 professionals around the world. To learn more, visit nmrk.com or follow @newmark.
Discussion of Forward-Looking Statements about Newmark
Statements in this document regarding Newmark that are not historical facts are “forward-looking statements” that involve risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements. These include statements about the effects of the COVID-19 pandemic on the Company’s business, results, financial position, liquidity and outlook, which may constitute forward-looking statements and are subject to the risk that the actual impact may differ, possibly materially, from what is currently expected. Except as required by law, Newmark undertakes no obligation to update any forward-looking statements. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see Newmark’s Securities and Exchange Commission filings, including, but not limited to, the risk factors and Special Note on Forward-Looking Information set forth in these filings and any updates to such risk factors and Special Note on Forward-Looking Information contained in subsequent reports on Form 10-K, Form 10-Q or Form 8-K.
Newmark and Nightingale Properties Secure 30,000-Square-Foot Distribution Facility for Tacombi’s Vista Hermosa at The Whale in Sunset Park, Brooklyn
The Whale’s juxtaposition of traditional architecture and 21st-century amenities lures a notable tenant.