Whom You Know: Consolo, Aquino and Maglio Bring Sunny Days to East Harlem

Thursday, March 31, 2011

Consolo, Aquino and Maglio Bring Sunny Days to East Harlem

The leasing team of Faith Hope Consolo, Chairman and Joseph Aquino, Executive Vice President, along with Arthur Maglio, of Prudential Douglas Elliman's Retail Group, has arranged the first Manhattan location for prominent child care services group Sunshine Day Care at 1330 Fifth Avenue, between 111th and 112th Streets, just north of Central Park. The daycare facility, which has two other units in Brooklyn and the Bronx, provides full- and part-time services for children, ages three months to twelve years.

The new site is situated in a block-front that is part of a Manhattan retail portfolio held by the team exclusively. Also included in the exclusive agency are several retail spaces directly across the street at 1325 Fifth Avenue, which has availabilities ranging from 1,000- to 9,000 square feet. Other retail in the immediate area includes such national and retail brands as Ottomanelli Brothers, Carver Bank, New York Sports Club and H&R Block. Moreover, on the ground level of 1280 Fifth Avenue, the Robert A.M. Stern-designed luxury condominium on 110th Street and Fifth Avenue, the Museum for African Art is nearing completion. The much-anticipated center represents the first new addition to Manhattan's legendary Museum Mile since the Guggenheim was built in 1959.

"Fifth Avenue, starting from Central Park North, is one of the most significant thoroughfares in Harlem today," said Ms. Consolo. "With a baby boom supported by family-sized apartments in the neighborhood and construction going on all along the avenue, this was the perfect time to bring in a well-known daycare center."

Added Mr. Maglio, "There is so much new retail and residential activity in the area, that we are literally offering 'ground floor' opportunities. By arranging leases for the right services and businesses here, our team has become an integral part of an important revitalization."

The long-term lease is for 5,000 square feet. Ms. Consolo, Mr. Aquino and Mr. Maglio represented the landlord in the transaction.

About Prudential Douglas Elliman's Retail Group

As the industry leader in retail leasing, investment sales and consulting, Prudential Douglas Elliman's Retail Group is renowned for its success on local, national and international platforms. Headed by Faith Hope Consolo, Chairman, the group's comprehensive scope extends to virtually every facet of the retail landscape; from celebrated Madison Avenue to Rodeo Drive, urban retail corridors worldwide, upscale super regional shopping malls, luxury specialty centers and hotel/casino retail. Over the years, the group has brought world-famous fashion designers and international brands to U.S. markets; and U.S brands abroad. Moreover, they are the exclusive representatives of prominent portfolios held by investment funds, public companies and private property owners; as well as consultants for business improvement districts and government agencies.

Renowned for its innovative marketing strategies, the Retail Group offers a wide range of services that are critical for today's economic environment, and provide customized, focused solutions on a client-by-client basis. With unparalleled access to a global network of businesses, owners and buyers, Prudential Douglas Elliman's Retail Group is the foremost retail real estate authority in the country. For more information, visit the Retail Group online.

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