Olshan completes approximately 50,000 SF of new lease signings to generate full occupancy at its iconic Long Island luxury shopping center
Olshan Properties, one of the country’s leading private owners, developers, and operators of commercial real estate, today announced its shopping center, The Gate at Manhasset, is fully leased. This significant milestone, achieved via approximately 50,000 square feet in newly completed leases, underscores Olshan’s unwavering commitment to establishing dynamic and prosperous commercial retail centers as well as the enduring strength of retail in today’s evolving marketplace.
“We have diligently curated a diverse tenant mix at The Gate, ranging from luxury brands to everyday essentials,” said Ken Marshall, Senior Vice President of Commercial Assets at Olshan Properties. “Our commitment to strategic store selection has resulted in this resounding success, reflected in the property’s robust leasing rates and full occupancy. We eagerly anticipate welcoming all new tenants and boosting the retail offering for the surrounding community.”
Among the latest signings is Greenwich Furniture and Design, a local furniture store currently in the construction phase and set to occupy nearly 12,000 square-feet of lower-level space, and Saatva, a prominent e-commerce luxury mattress company, who has commenced construction for its upcoming 3,800 square-foot store.
Recent store openings include: Arc’Teryx, a Canadian high-performance design company specializing in technical equipment and apparel for climbing, trail, and snow, which occupies a 3,900-square-foot space; Natuzzi Italia, the globally renowned furniture brand, opened a nearly 11,000 square-foot store; electric car company, Lucid, unveiled a 6,500 square-foot showroom; and Sephora recently completed a remodel of its 5,300 square-foot store space. Additionally, athletic and activewear apparel company, Vuori, recently opened a 3,300 square foot store in a location near the Lucid, Sephora and Indochino stores.
“We have worked hard to create a retail destination that caters to all shoppers in the New York metropolitan area,” said Zachary Bornstein, President at Olshan Properties. “Our commitment to fostering first-rate retail experiences remains unwavering, and we take pride in bolstering the New York market that we are proud to call our home.”
Positioned at the focal point of Manhasset’s prestigious Miracle Mile, The Gate at Manhasset is well-known as the destination for premium open-air shopping on Long Island. The property is conveniently located just 1.5 miles north of Interstate 495, at the corner of Northern Boulevard and Searingtown Road. The upscale surrounding area is densely developed with upscale commercial and residential uses. The prestigious Strathmore Country Club is just to the south of the property. In addition to state highways, Manhasset is served by Long Island Rail Road, which provides direct and convenient access to New York City.
About Olshan Properties
Olshan Properties is a privately owned real estate firm that has specialized in the development, acquisition, leasing and management of commercial real estate for more than 55 years. The close integration of investment and operating capabilities has given Olshan Properties a reputation as one of the leading private owner/operators of commercial real estate in the country. Olshan Properties currently owns and/or manages, individually or with its affiliated companies, a diverse portfolio of commercial properties including Retail, Hotel, Office, and Residential in eleven states. For more information, click here.
