Westchester County, N.Y. – November 26, 2018 – Cushman & Wakefield today announced that the commercial real estate brokerage firm has been named the exclusive leasing agent for the ground floor retail space at 165 Huguenot Street in New Rochelle, N.Y.
Cushman & Wakefield’s Carl Wunderlich and Blaine Stiegler are representing the project developers, Megalith Capital Management.
“We are excited to take part in the revitalization of downtown New Rochelle,” said Sam Sidhu, Founder and CEO of Megalith Capital Management. “We believe The Printhouse is uniquely positioned in its proximity to transportation and the downtown retail corridor.”
The property, which is known as The Printhouse, is a ground-up development of a 71-unit multifamily project with 3,000 square feet of ground floor retail located in downtown New Rochelle next to Trump Plaza and across the street from the New Roc City Entertainment Complex and garage with over 2,300 public parking spaces. It also has 65 square feet of the retail frontage. The Printhouse is just one piece of the larger downtown redevelopment of New Rochelle which consists of more 4,200 new residential units currently under various stages of development.
“New Rochelle is a charming and inclusive community known for its vibrant downtown nestled along the sound shore in Westchester County,” said Carl Wunderlich, Director of Brokerage Services at Cushman & Wakefield. “This particular site is highly attractive, offering excellent visibility, accessibility and proximity to New York City.”
The building is less than a 5-minute walk to New Rochelle’s Transit Center (Metro North, Amtrak, local and regional buses) and a 30 minute train ride to Grand Central. By 2021, New Rochelle will be home to the closest rail station to NYC and will provide direct MTA service to Manhattan’s East and West Sides. The New Rochelle train station is also Amtrak’s prime hub in Westchester. Direct MTA access to Penn Station is coming in 2021.
About Cushman & Wakefield
Cushman & Wakefield (NYSE: CWK) is a leading global real estate services firm that delivers exceptional value by putting ideas into action for real estate occupiers and owners. Cushman & Wakefield is among the largest real estate services firms with 48,000 employees in approximately 400 offices and 70 countries. In 2017, the firm had revenue of $6.9 billion across core services of property, facilities and project management, leasing, capital markets, valuation and other services. To learn more, visit www.cushmanwakefield.com or follow @CushWake on Twitter.
About Megalith Capital Management
Megalith Capital Management is a real estate owner and developer focused on investments in New York and other urban, supply-constrained markets. Founded in 2011, Megalith’s real estate platform includes in-house expertise in construction, design, development, asset management, ﬁnance, accounting, and risk management. Utilizing its platform and strong network, Megalith has been able to establish a superior track record of quality design and integrity across its current investment portfolio. Megalith’s acquired portfolio exceeds 1 million square feet of luxury condominium development and mixed-income multifamily rental developments with a total pro forma transaction value in excess of $1.5 billion. www.megalithcapital.com