Commercial Real Estate & Advisory

American Dream leasing ‘nothing shy of spectacular,’ broker says

By Myles Ma | August 29, 2013

The broker leading a team tasked with signing up tenants for the American Dream mall told Real Estate Weekly that “leasing has been nothing shy of spectacular.”

Michael Glanzberg, a veteran New York broker and principal at Sinvin Real Estate, was named Special Retail Advisor to American Dream by Triple Five, the developer of the mall, in 2011.

Glanzberg said the lineup at the mall will include apparel, accessory and other retailers, “many found nowhere else in the world.”

Crain’s New York Business
, citing unnamed sources, reported that UniQlo, Topshop, and Forever 21 were in negotiations to lease space at American Dream. Crain’s also reported that Cirque du Soleil would perform shows at the mall.

Alan Marcus, a spokesman for Triple Five, would not comment on either report, though he said American Dream “continues to generate significant interest in the retail community.”

The mall also continues to deal with opposition from the Jets and Giants, who are suing Triple Five and the New Jersey Sports and Exposition Authority over plans to add an amusement and water park to the project. Triple Five and the NJSEA asked Superior Court Judge Peter E. Doyne to dismiss the lawsuit, but Doyne rules Monday that litigation could proceed.