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New Owner of Former Inwood Pathmark Shopping Property to Big-Box Tenants

By Carolina Pichardo | February 8, 2016 11:38am
 Taconic Investment Partners and Cogswell-Lee Development Group, announced Monday they had acquired the 80,000-square-foot Pathmark location in Inwood.
Taconic Investment Partners and Cogswell-Lee Development Group, announced Monday they had acquired the 80,000-square-foot Pathmark location in Inwood.
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DNAinfo/Carolina Pichardo

INWOOD — The new owner of the former Pathmark supermarket site on West 207th Street is looking for new tenants to take over the property — with another grocery store at the top of its list.

Taconic Investment Partners and Cogswell-Lee Development Group announced last week that they had acquired the 80,000-square-foot site at 410 W. 207th St., where the Pathmark shuttered in mid-November amid a series of closings across the city.

A statement announcing the purchase said the existing, 34,000-square-foot former supermarket space "is ideal for a big-box user" but could be broken up into multiple storefronts. 

"We're actively seeking tenants. A food market is first on our list, but we're also looking for tenants to create an ideal mix to service this market and its consumer base," said Peter Braus, managing principal for the site's leasing agent, Lee & Associates. "We have received incredible response so far from many tenants (food markets included) and expect to know soon what our direction will be."

The property between Ninth and 10th avenues, which also includes a 12,000-square-foot basement and nearly 200 adjacent parking spaces, sits next to the University Heights Bridge connecting Inwood to The Bronx.

“We think it is a prime location in a dense residential enclave which will be appealing to a variety of retailers,” Charles Bendit, co-CEO of Taconic Investment Partners, said in a statement announcing the purchase of Pathmark's lease, which was made out of bankruptcy.

Braus added that the new owners will consider single or multiple tenants for the property, "depend[ing] on what the market brings us."

Nearby residents, like Nadia Medina from The Bronx, were shocked to see Pathmark go.

"I’m going to miss it," said Medina, who lives on University Avenue and shopped at the store because it was on her way home from work. 

Prior to closing, Pathmark was the only supermarket located east of Broadway in the neighborhood.