The Pacific Green Gourmet Shop at 151 Court Street appears to be losing its lease according to a report from The Real Deal. Clothing giant J. Crew is rumored to be taking the space as the area around Court Street and Atlantic Avenue continues to evolve into a shopping destination. Trader Joe’s and Barney’s have opened outlet in the vicinity in the last couple of years and the trend does not seem to be slowing down.
The Real Deal: As part of the further transformation of retail shopping in Brooklyn, the global apparel chain J. Crew is coming to a two-story building in Cobble Hill, according to two people familiar with the transaction.
The retailer signed a 10-year net lease last week for the building at 151 Court Street on the corner of Pacific Street, though some details still need to be ironed out, one person familiar with the deal said. J. Crew would take 2,349 square feet each on the ground floor, lower level and second floor.
J. Crew is not the only national retailer to move into the neighborhood. Trader Joe’s on Court Street and Barney’s Co-op, a lower cost unit of the designer department store, on Atlantic Avenue, are also nearby tenants.
The asking rent for the space was approximately $520,000 annually for a triple net lease, one source said.